EcomBalance

The people EcomBalance keeps books for each month include online merchants selling through Amazon, Shopify and similar channels. The company describes itself as a team on a mission to help the ecommerce industry, including sellers, software companies, agencies and service providers, master their bookkeeping. Its bookkeepers and CPAs specialize in ecommerce, and it says it becomes an integral part of each client's team.

Monthly bookkeeping for online sellers

The company offers monthly bookkeeping for growing ecommerce brands, agencies and software businesses. Its process is built on proven methods that keep the books simple and easy to build on. Each client has a dedicated team of ecommerce bookkeepers and CPAs who communicate quickly and offer proactive insight into the financials.

Connecting every sales channel

Each sales channel, from marketplaces to payment processors such as Stripe and PayPal, is brought into the bookkeeping system, which the company says works whatever state the existing books are in. The books are kept in QuickBooks Online or Xero, so that the books are ready to use for tax and reporting.

Reports by the 15th

By the fifteenth of each month, clients receive financial statements, including the profit and loss statement, balance sheet and cash flow statement. Each set comes with findings and recommendations, and with a monthly analysis of the reports that helps owners understand their numbers and make decisions.

Clean up and catch up

Businesses with out-of-date books can ask for a clean up and catch up service. The company gives a custom quote for bringing the books up to date, then takes over the monthly work. Once the records are current, it says, they can be kept in order from then on.

Tax returns and planning

The company prepares business and personal income tax returns for ecommerce owners each year and works with its CPAs to file on time and to plan tax liabilities. The firm states that its ecommerce CPA has more than thirty years of experience.

Support for the wider back office

Accounts payable and receivable, payroll and paying vendor invoices can be added to a client's service. The company says it works with all the main ecommerce platforms and treats each client's business as if it were its own.