Shopify

At BICS, we know E-commerce is getting competitive day by day. Not only do you face pressures on your pricing from competitors but marketplaces are getting more expensive day by day, eating into your margins.

E-commerce is quite different from traditional businesses. Between marketplaces, platform fees and processing fees there’s alot going on.

It is quite cash intensive with business owners often wondering where all their cash went? It is hard to take out money for yourself from the business. We help you manage your finances rather than your finances managing you so you can stay on top of your e-commerce game.

Extracting sales data from Amazon Seller central
Calculating Amazon fees so that you can see your true profitability such as FBA fees, transaction fee, PPC costs etc
Inventory and cost of goods calculation. - Want to knnow which products are more profitable? We help you find out so you can focus on your best sellers and improve loss bearing products
Measure your Gross margins and net margins. - We work closely with you to figure out your actual profitability. Once we have the real numbers, then we set growth targets and monitor them continusly.
International marketplaces - no matter which country you sell in. We support you in your accounting and VAT/Taxes
Tax time? We prepare all the numbers for taxes - match everything with Amazon's 1099-K to make sure you are in compliance with IRS.

Extracting Shopify sales, returns, shipping, sales taxes from your dashboard by cross referencing with all orders
Manage inventory and cost of goods sold calculations so you can measure profitability of each SKU
Measure ROI on your advertising - be it meta, google, influencer or affiliate marketing. We want to identify the highest ROI method for you so you can focus on growth.
Calculate Shopify expenses, sales taxes across states and countries.
Present both your net margins and gross margins each month so you can track your performance.
Assist you with taxes at year end so you don't have to stress about it.

We go through all the marketplaces mentioned above and extract all data for reporting such as sales, returns, shipping, sales tax etc.
We calculate all the platform fees and inventory costs
We compute numbers from each platform onto your Accounting software.
We help you track your margins across products and for your business

We understand that payment processors are very tricky. There are alot of fees and lags in payment transfer make them even more difficult to analyze.
We help you reconcile and identify fees and volume for each payment method so you can decide which one is best to use.
We also make sure your books tally with 1099-K that each processor issues at the end of the year to make sure you are tax compliant.
We record all data from your payment methods into your accounting software so you don't have to stress about it.
As E-commercce is a volume gain - we help you identify chargebacks, potential holds or disputes on your processors so you can stay on top of your finances.

We have worked with 100’s of e-commerce businesses just like you to help them analyse the numbers and grow their stores. Alot of owners come to us not having a clue about how much they are losing each month and how they can’t even pay themselves from the business. If you’re in a similar situation, let’s have a chat and go over your financials in detail.

Manage your finances rather than your finances managing you.

24/7 access to your financial data: You can view your financial data anytime, anywhere, from any device.
Secure data storage: Your financial data is stored securely on our cloud-based servers.
Expert support: Our team of experienced bookkeepers is available to answer your questions and provide support whenever you need it.

We believe that every business deserves access to accurate and reliable bookkeeping services. That’s why we offer a variety of affordable plans to meet the needs of businesses of all sizes.

Shopify

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