COGS Tracking for Ecommerce: How to Calculate Your True Product Profit
Ask an Australian ecommerce seller what their best-selling product costs to make and land, and half of them can only give you the supplier invoice price. Which isn’t the real cost. Not even close. Freight from the supplier’s warehouse to your fulfilment location. Import duties. Customs brokerage. Prep and labelling. Inbound shipping to Amazon FBA […]
Ecommerce Platform Fee Reconciliation: What Shopify, Amazon and PayPal Really Charge
Platform fee reconciliation: what Shopify, Amazon and PayPal are really charging you Ask most Australian ecommerce sellers how much they pay in platform fees each month, and they can’t tell you within a thousand dollars. Not because they don’t care. Because the fees are buried across settlement reports, transaction records, monthly invoices and multiple platforms, […]
5 key financial metrics your business should be tracking
Let’s be honest, it’s a tough time to be running a small business. Your business is trading in one of the toughest financial environments we’ve seen in some years. According to the latest stats from the Australian Bureau of Statistics, almost half (46%) of businesses have reported operating expenses increasing over the past four weeks. […]
How to Set Up A2X for Shopify and Xero: An Australian Seller’s Guide
Most Shopify sellers hit the same wall at some point. The store is doing decent volume, orders are flowing, payouts are hitting the bank, and the Xero file is quietly turning into a mess. Bank deposits don’t match the sales. Fees are lumped in the wrong place. GST on the BAS looks off. Reconciliation takes […]
WooCommerce Accounting in Australia: How to Set Up Your Books Correctly
Plenty of Australian ecommerce businesses connect WooCommerce to Xero, tick a box that says “integration complete,” and assume the accounting side is now sorted. Then a few months in, revenue in Xero doesn’t match sales in WooCommerce, GST on the BAS looks off, and nobody can quite explain why the Stripe balance is sitting where […]
Etsy Accounting for Australian Sellers: GST, Fees & Profit Tracking (Sydney)
Etsy accounting for Australian sellers: GST, listing fees and profit tracking Etsy is one of the few platforms where the accounting can feel harder than the business itself. You’re a maker, not a bookkeeper. You’ve priced your products based on materials plus something for your time. Then Etsy takes a slice through fees you didn’t […]
eBay seller accounting in Australia: fees, GST and how to stay compliant
eBay seller accounting in Australia: fees, GST and how to stay compliant Selling on eBay Australia looks simple from the outside. List a product, make a sale, get paid. But once you’re doing any meaningful volume, the accounting behind it is more involved than most sellers expect and getting it wrong has real consequences with […]
When was the last time you reviewed your business spending?
In the current economic climate, covering your operational costs and overheads can be a major challenge. Higher running costs are affecting all businesses, from large down to small. In Australia, a recent survey from Prospa shows that nearly half (46%) of SMEs have raised prices over the past three months to offset rising costs. And […]
Amazon FBA Accounting for Australian Sellers: The Complete Guide
Amazon FBA accounting Australian sellers: the complete guide Most Australian Amazon FBA sellers are running their business on numbers that are wrong. Not dramatically wrong wrong in the quiet, cumulative way that only surfaces when a tax return comes back with questions, or when the profit figure doesn’t match the cash in the bank. The […]
How Ecommerce Accounting Works for Australian Online Sellers
The Australian Online Seller’s Complete Guide to Ecommerce Accounting Running an online store is exciting. The orders come in, the stock moves, and you’re shipping product across the country. Sometimes the world. But somewhere between your Shopify dashboard and your bank statement, the numbers get messy. Ecommerce accounting isn’t like regular small business accounting. You’re […]
