Whether you sell through your own website, Amazon, Etsy, eBay or all of them at once, online retail brings a level of financial complexity most general accountants are not set up to handle. Stock valuations, platform fees, multi-currency sales and VAT on digital goods all add up. I Sumar & Co accountants working with retail and e-commerce businesses across the UK, giving you the financial foundation to scale with confidence.
Common Problems We Solve
We regularly help retail and e-commerce clients who:
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are unsure how VAT applies to UK, EU and international sales
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struggle to keep up with high volumes of transactions and platform fees
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have no reliable view of true profit after all costs
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need accurate stock and inventory valuations
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want their sales channels and accounting software properly connected
What We Do for Retail & E-Commerce Businesses
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Integration of Xero or QuickBooks with Shopify, WooCommerce and Amazon
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VAT returns including cross-border and digital-sales rules
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Inventory and stock valuation accounting
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High-volume bookkeeping that keeps pace with your sales
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Corporation tax and Self Assessment
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Payroll for warehouse and fulfilment staff
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Cash flow forecasting for stock purchasing decisions
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Making Tax Digital compliance
Retail & E-Commerce Accounting
- Frequently Asked Questions
Post-Brexit rules for cross-border sales are complex and depend on whether you sell B2C or B2B and the value of your sales into each market. We make sure your VAT treatment is correct and that you are registered wherever required. Current guidance is at gov.uk.
Yes. We set up automated links between your sales platforms and your accounting software so sales, refunds and fees are recorded automatically. It saves significant time and keeps your accounts accurate.
We work from your platform and supplier data to value stock correctly at year end, which directly affects your taxable profit. We will agree a consistent method that suits your business.
