Accounting for Online Sellers

E-commerce accounting is uniquely complex. Revenue flows from multiple platforms—Shopify, Amazon, Etsy, WooCommerce—each with their own fees, refunds, and payout schedules. Cost of goods sold must be tracked per product. Sales tax obligations vary by state and change constantly. FiscalInsights handles all of this by integrating directly with your selling platforms and automating the accounting that would otherwise require hours of manual work.

Platform integrations pull in sales, fees, refunds, and payouts automatically. FiscalInsights separates gross revenue from marketplace fees and shipping costs, giving you a true picture of net revenue by channel. Cost of goods sold is calculated based on your product costs and inventory method (FIFO, LIFO, or average cost), so your margins are accurate at the product level.

Multi-state sales tax tracking runs automatically. FiscalInsights monitors your sales by state, applies the correct tax rates, and tracks your liability by jurisdiction. When you approach economic nexus thresholds in new states, you get an alert. Filing reports are pre-generated in the format your state requires. For e-commerce sellers, FiscalInsights replaces the tangle of spreadsheets and manual calculations with automated, accurate accounting.