Accountants for Amazon Sellers
UK Amazon sellers often face similar challenges – overwhelmed by the information available through the Amazon Seller Central dashboard, unsure how to interpret the information, and struggling to match it against their business accounts.
We’re specialist Amazon accountants with more than a decade’s experience in dealing with marketplace traders and can help with all of this. We understand how the Amazon selling platform works, know our way around the Seller Central system and speak the language of eCommerce.
As accountants for UK Amazon sellers, we work with both main types of Amazon trader – ‘fulfilled by Amazon’ (FBA) and ‘fulfilled by merchant’ (FBM).
If you’re an FBM seller, with our own warehouse and distribution, we can advise on stock control and VAT, EU VAT, import and export tax, and more. We can also help you keep tabs on the relative profitability of sales through Amazon versus those you make through your own online sales platform, or other online retailers.
As specialist accountants for Amazon FBA sellers, our focus is very much on systems integration. With Amazon managing stock and delivery, the challenge is to ensure that sales data, payments from Amazon and your books all reconcile.
Amazon tends to make deposits combining multiple transactions, including sales, refunds, commission and fulfilment charges. That can be hard to unpick. Along with hard-won experience grappling with Amazon’s systems, our team also uses smart plugins and add-ons to automate this as far as possible.
For example, A2X, automatically reconciles Amazon’s reports and produces clean, clear financial data for upload to Xero. It also makes working with multiple currencies straightforward and allows us to easily slice your sales by country and product group.
We’ll also ensure you have a clear and accurate picture of the profitability of your Amazon FBA business in a competitive market, where margins need to be monitored and managed with absolute care. Our cashflow analysis, reporting and forecasting will mean you can stay on track, working around Amazon’s intermittent payment schedules.
How we can make a difference for you
We have years’ of hands-on experience working with Amazon FBA businesses. That means not only ensuring they are properly accounted for but also supporting growth, sales and acquisitions.
Our expert team has turned startup FBA businesses into multi million pound companies, facilitating deals from £750,000 to £10m with buyers in the US and around the world. Get in touch to find out more.