Bookkeeping for UK Online Retailers
Simply Sorted for Online Retailers - you run your shop, we'll keep the numbers tidy
Running an eCommerce business is hard...
...and keeping on top of the admin can be challenging to say the least!
Sales are coming in through multiple channels, payments arrive in the bank relating the multiple orders, then there are fees and VAT to sort out too. It can all get a bit overwhelming leaving you wondering if the numbers in your financials are accurate or not.
At Simply Sorted Accounting, we get on top of all that.
Our specialist bookkeeping service is designed around the way online retailers actually operate. We’ll take care of the detail behind your sales, giving you accurate accounts, clearer information and one less thing to worry about.
eCommerce bookkeeping can get messy quickly
Making a sale is the simple part. But behind every checkout, there could be:
- Marketplace and platform fees
- Payment provider charges
- Payouts containing multiple orders
- Refunds, returns and chargebacks
- Postage, packaging and fulfilment costs
- Stock purchases and cost of sales
- VAT to calculate and report
- Payroll for you and your team
Each of these needs categorising in the right way to make sure your numbers are correct and you're staying compliant.
We'll patiently work through the detail, reconcile the different systems and turn that complicated trail into bookkeeping you can rely on.
Bookkeeping Built Around Your Online Shop
Generic bookkeeping doesn’t always account for the complexities of selling online.
Your sales figures probably don't match the money arriving in your bank. A payment provider might combine hundreds of transactions into one payout, after deducting fees, refunds and other adjustments. Add multiple platforms into the mix, and it becomes difficult to see what your shop has actually earned.
We help make sense of:
- Online sales and payment payouts
- Sales-channel and marketplace activity
- Payment-processing fees
- Refunds and chargebacks
- Business expenses
- VAT records and returns
- Payroll requirements
- Regular financial reports
eCommerce Bookkeeping Pricing
We know that every online retail business is different, so our packages reflect the amount of bookkeeping activity required based on transaction volume. That means you get the package that suits your business where it is right now while still allowing room for growth when things get busy!
There are 3 packages, with each one based on:
- Your average monthly transaction volume
- The number of sales channels you use
- The number of payment processors you use
- Whether your business is VAT registered
- Whether you require payroll
- Any additional bookkeeping complexity
Whichever package fits your business, you’ll receive the same Simply Sorted care, attention and approachable support.
Our Packages
Online Shop
£197/month
Up to 150 transactions per month
- Single Sales Channel
- Monthly Bank Reconciliation
- Quarterly VAT Return
- Email Support
Excess charges:
£1 per transaction over 150
Extras
- Bookkeeping Software *
- Shopify Order Reconciliation **
- Tax Return ***
* MOST POPULAR *
Busy Brand
£697/month
Up to 500 transactions per month
- Up to 3 Sales Channels
- Weekly Bank Reconciliation
- Quarterly VAT Return
- Payroll (up to 5 staff)
- Monthly Basic Reporting
- Email Suppor
Excess charges:
£0.75 per transaction over 500
Extras
- Bookkeeping Software *
- Shopify Order Reconciliation **
- Tax Return ***
Retail Powerhouse
£1,497/month
1500 transactions
- Unlimited Sales Channels
- Daily Bank Reconciliation
- Quarterly VAT Return
- HMRC Support
- Payroll (unlimited staff)
- Monthly Management Accounts
- Email Support
- WhatsApp Support
Excess charges:
£0.50 per transaction over 1500
Extras
- Bookkeeping Software *
- Shopify Order Reconciliation **
- Tax Return ***
* If bookkeeping software is needed (eg Xero or FreeAgent) you can either subscribe directly or we will subscribe and charge at cost
** Additional fee for Shopify order reconciliation is 50p per order
*** You can opt to add your self assessment tax return or corporation tax return so the cost is spread over the year for better cashflow and budgeting
Frequently Asked Questions (FAQ)
Which package do I need?
Your package will be based primarily on transaction volume, sales channels and payment processors. VAT registration, payroll and any additional complexity will also be considered. We’ll review your setup and recommend the best fit.
Can you help if my bookkeeping is behind?
Yes. We can review where things currently stand and explain what may be needed before ongoing bookkeeping begins. There’s no judgement - we’ll focus on creating a practical route forward.
Can you reconcile sales-platform payouts?
Yes. Online retail payouts often contain several sales, fees, refunds and adjustments. Sales and payment reconciliation is a central part of the service.
Do you work with VAT-registered retailers?
Yes. VAT requirements can be incorporated into your package where needed.
Can payroll be included?
Yes. Payroll requirements can be included when we assess the right package for your business.
What happens if my transaction volume changes?
Online retail can be seasonal, so transaction volumes may rise or fall. We can review your package periodically to ensure it still reflects the activity behind your shop.
