Ecommerce
Accountants for Entrepreneurs
We take over your accounting documents and convert them into actionable numbers, tax filings, and reports
Accounting services for ecommerce business. Piece of cake!
Experts who have your back
Processing refunds in US Dollars from your Australian shop with a supplier in China? We’ve done that. Selling via Paypal on BigCommerce and Carousell? Sure! Whatever your case is, someone who knows it inside out will answer in a chat within 24 hours.
Painless accounting
Simply connect your Shopify, Magento or any other platform in 2 minutes. We convert their statements into easy-to-read profits and tax reports. An accountant assigned to your company will track filing deadlines, compile accounting documents, and submit documents on a timely basis.
Numbers to help business grow
We consolidate numbers for each SKU, product group, and market, so you can see which item and category bring you the most profit.ts.
Contact meHere’s how Osome takes the stress out of your accounting
You connect
in one clickConnect your ecommerce platform account to Osome in just 2 minutes. We upload all the documents automatically, so no more handwork for you.
We organise
documentsWe go through the documents, organise them, add the correct tax tag to each line, and reconcile them with the bank transactions. It saves your reports from any mistakes.
And file reports
on timeWe make sure you get all the reliefs and exemptions available. You get the reports ready to review and e-sign. We then file them with the authorities ourselves.
Trusted by Osome
entrepreneurs around the world
89% of customers recommend
Osome service
15,000+ Osome clients
worldwide
I'm very satisfied with their services, flexibility, and reactivity.
Yannick Andre Martial Guyot HK TALENTS Limited
Osome is reasonably priced and very convenient. I ended up signing my documents while I was on the metro!
Randeep Sudan Multivertz Pte. Ltd.
Everything was so seamless, it even looked like a fraud 😀 I didn’t have to go anywhere, I just use the web and mobile app to sign the docs.
Ivan Zeljkovic Evans Media Pte. Ltd.
I’m actually surprised they kept all their promises! I found Osome on Friday and on Monday morning everything was ready.
John Lim Artac Pte. Ltd.
Many accountants I reached out to either never responded or charged extortionate amounts of money. I joined Osome and I'm incredibly happy I did.
Pawel Wargan freelancer
They use the Osome app to gently nudge me to send in paperwork, and they provide me with regular updates and reminders regarding finances and filing deadlines.
Dave Wallace DW4DAYS Pte. Ltd.
Accounting plans for a
price that makes sense
You don’t measure your business by the number of transactions, so neither do we. Our accounting packages are tied to your revenues and sync with your financial year. Pick a monthly plan to pay a small regular fee or a yearly one and get two months free of charge.
What’s your average monthly ?
Need more?
Additional services you may need
- Application for Hong Kong Certificate of Resident Status (Tax residency) HK$1,500
- Nil Profits Tax Return, (BIR51) filing HK$1,000
Accounting & tax solution built for ecommerce sellers
We’ve rounded up the most-used platforms in Hong Kong and globally. We’re on a mission to make them easier to handle. Lazada sending in 150+ fees and charges? Facebook sales running on Shopify? Stripe dumping receipts from your website in a completely different format? We got it. And we know how to handle them, too.
Lazada
Supported platform- Dedicated expert specialised in Lazada accounting
- Automated Lazada accounting coming soon
Shopee
Supported platform- Dedicated expert specialised in Shopee accounting
- Automated Shopee accounting coming soon
Qoo10
Supported platform- Dedicated expert specialised in Qoo10 accounting
Shopify
Integrated platform- Fully automated accounting
- Bulk transaction reconciliation
- Real-time financial reports
- Dedicated expert specialised in Shopify accounting
eBay
Integrated platform- Fully automated accounting
- Bulk transaction reconciliation
- Real-time financial reports
- Dedicated expert specialised in eBay accounting
Amazon
Supported platform- Dedicated expert specialised in Amazon accounting
- Automated Amazon accounting coming March, 2023
Square
Supported payment gateway- Dedicated expert specialised in Square accounting
- Automated payment processing coming soon
PayPal
Supported payment gateway- Dedicated expert specialised in PayPal accounting
- Automated incoming payment processing coming February, 2023
Stripe
Supported payment gateway- Dedicated expert specialised in Stripe accounting
- Automated payment processing coming soon
- TC006825
- Certified Public Accountants
- Chartered Secretaries
- Association of Chartered Certified Accountants
FAQ
What are the benefits of an ecommerce business?
The rise of the internet has transformed society around us in just a few short decades. And as life rapidly moved online, so retail quickly followed suit. Amazon, once a mere online book store, has turned into a global behemoth. The Alibaba Group now brings in $72 billion per year — only 21 years after being launched in Jack Ma’s humble apartment. It’s safe to say that the ecommerce revolution is well underway.
What is ecommerce accounting?
The definition of ecommerce accounting is reporting about your ecommerce business financials to the government. As an online vendor, you move products in and out, manage stock, and sell to customers in different countries via different channels.
How to do accounting for ecommerce?
There are several things your ecommerce accounting includes:
- Bookkeeping, which lists every transaction. For example, when you accept products to your storage, or sell on Amazon, or have to accept back a pair of shoes on ebay. Bookkeeping keeps track of every money or asset movement, and provides a document covering every such event.
- Management reports, which gather all the sales data and try to make sense of it. For example, how much of each product you sold, what are the costs of operating every channel, and where do you actually make money.
- Tax filing & statutory reports. These depend on where you sell, for each government has a different tax system. Tax reports constitute a very detailed recount of every transaction and the categories they fall under. Depending on the categories, different types of tax are derived. An experienced accountant can also help make sure you get the benefits and exemptions available to your business under each specific tax code.
How do I start an e-commerce business account?
When organising accounting for ecommerce sales you need to make sure that you have all your needs covered.
- All your channels. Do you sell via different platforms? You need a way to consolidate reports from various sources
- All your tax jurisdictions. Do you sell in more than one country? You need to report for VAT everywhere you make money
- No manual paperwork. Processing invoices and receipts is tiresome, and you probably have better ways to spend your time than that.
How does pricing work?
Our pricing is revenue based. We don’t charge on the number of transactions in your account or the number of invoices you upload. All prices are based on the financial year, not the calendar one.
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