Bookkeeping & Payroll Services for eCommerce Businesses
You focus on sales. We'll do the books.
eCommerce business owners have to juggle a lot of things. From inventory management to shipping logistics to chasing suppliers, there’s no time to spare. We can help.
Trusted by eCommerce companies across Canada
Is your ecommerce business ready for up-to-date, stress-free bookkeeping?
Poor cash flow management can be the kiss of death for an eCommerce business. Even with high-flying sales, having high customer acquisition costs, poor inventory management, pricey merchant fees and more, can lead to business failure. As experts in ecommerce bookkeeping services, we give you the visibility and control you need to manage cash flow effectively.
Accurate Financial Reporting
From sporadic sales to supply chain challenges, eCommerce can be unpredictable at best. Monthly updates on your balance sheet, income statement, and statement of cash flow is key to understanding your inventory levels, sales tax obligations, revenue by channel and other financial information.
Inventory Planning and Management
Understanding and accurately accounting for inventory is no small task, but is the backbone to running a successful eCommerce business. Making big inventory purchases requires careful planning and if there isn’t enough cash on hand, up-to-date books ensure you’ll be bank-ready for loan applications.
Merchant Fees and Foreign Exchange
Merchant and fulfillment fees from Amazon and Shopify can cut into your profit margins. Buying inventory and selling in different currencies can also create a host of accounting complexities. Timely, accurate bookkeeping and a solid chart of accounts help to uncover the true and sometimes "surprising" costs of doing business.
Accounting Skills and Software
The cost of a bookkeeper, payroll professional, and accounts payable and/or receivables clerk, along with all the software required to manage the back office functions, not only takes a bite out of profits, but can be difficult to find and harder to manage. Outsourcing these functions lets you focus on what really matters, sales.
Best-in-class cloud-based technology that drives eCommerce efficiencies
We work with cloud-based applications specializing in payroll, time tracking, merchant processing, expense management, and more. We don’t take shortcuts with security, and your data always belongs to you.
Every industry has specific tools and requirements, and eCommerce is no different. We work with the technology you use every day.
Get a Quote from Enkel!
Speak to us about financial operations and management services for your organization.
Bookkeeping and Payroll Resources for eCommerce Businesses
Whether you need help with payroll, reporting, taxes, or forecasting, there is a software program or accounting tool out there to meet your business's specific requirements.
Bookkeeping can be tedious when it is done manually. Here are 6 ways you can optimize your eCommerce bookkeeping process to speed things up.
ECommerce businesses can use key performance indicators to track their business performance. Here are 6 important KPIs to track.
Keeping your eCommerce bookkeeping up to date can be time-consuming. Here are 6 reasons why you should consider outsourcing instead.
Various factors can affect the financial health of your eCommerce business. Here are 7 tips you can use to improve your cash flow.
Running an eCommerce business can be costly. However, there are ways to reduce your expenses, allowing you to boost your bottom line.