Know your sales. Know your margins. Know your cash flow.
Accounting for Retail & E-Commerce Businesses
Retail accounting becomes more valuable when it connects sales channels, payment settlements, inventory and cost of goods into one clear view of margin and cash flow.
Why it matters
Why Retail & E-Commerce Need the Right Accounting Support
Modern retail businesses may sell through a shop, their own website and several online marketplaces at the same time. Payments can arrive through EFTPOS, Stripe, PayPal, buy-now-pay-later services or marketplace settlements after fees, refunds and adjustments have already been deducted.
Inventory adds another layer. Too much stock can tie up cash, while discounting and rising supplier costs can reduce margins even when revenue is increasing.
The pressures
What Your Business Must Manage
Multiple Sales Channels
Physical stores, websites and marketplaces can all generate separate reports and settlement cycles. These need to reconcile to accounting records.
Payment Gateways
Merchant fees, refunds, chargebacks and delayed settlements mean bank deposits may not match gross sales.
Inventory & Cost of Goods
Stock purchases tie up working capital and the cost of goods sold is central to understanding gross margin.
GST
High transaction volumes make consistent GST coding important. Cross-border or unusual transactions may require specific advice.
Supplier & Freight Costs
Purchasing, freight, packaging and supplier terms affect both product margins and cash requirements.
Seasonality
Promotions, Christmas, events and changing customer demand can create large swings in inventory and cash flow.
Who we work with
Businesses & Professionals We Can Assist
- Retail stores
- Online retailers
- Shopify businesses
- Marketplace sellers
- Clothing and fashion retailers
- Grocery and specialty food stores
- Electronics retailers
- Homeware and lifestyle businesses
- Specialty retailers
- Growing online brands
What we do
Five Core Service Areas
The same five services, tailored to the way this industry operates.
Tax Services
Business tax returns, inventory and closing-stock considerations, depreciation, eligible business deductions, PAYG planning and year-end tax planning for physical and online retailers.
Bookkeeping
Sales-channel reconciliation, payment gateways, merchant fees, refunds, supplier bills, inventory transactions, payroll records, bank reconciliations and Xero bookkeeping.
BAS & GST
BAS preparation, GST coding and reconciliation across sales and purchases, PAYG instalments and review of unusual or cross-border transactions where specific GST advice may be required.
Financial Accounting
Reporting on gross margin, inventory, cost of goods sold, platform and merchant fees, wages, overheads, cash flow and profitability.
Business Advisory
Pricing and margin reviews, inventory and working-capital planning, budgets, cash flow forecasts, channel-performance analysis and financial planning for expansion.
Why choose us
Why Choose SmartBridge Accounting?
- Accounting that connects stores and online sales channels
- Platform and payment reconciliation
- Stronger visibility over stock and gross margin
- Tax, BAS, payroll and bookkeeping support
- Cloud accounting suited to modern retail
- Practical reporting for growth decisions
Ready when you are
Turn sales data into better business decisions.
Book a FREE initial consultation with SmartBridge Accounting.