Ecommerce accounting is very different from traditional accounting.
Platforms deduct fees, reimbursements, penalties, pick-pack charges, GST, commissions — all before paying you.
A basic accountant cannot understand this.
This guide explains how ecommerce accounting works in real life.
1. Downloading Marketplace Reports
Every marketplace provides:
- Settlement reports
- Order reports
- Return reports
- Fee & commission reports
- GST reports
These must be mapped correctly, or your P&L will be wrong.
2. Reconciliation (The Heart of Ecommerce Accounting)
This includes:
- Order vs delivery reconciliation
- Settlement vs payout reconciliation
- Fee verification
- Claims & reimbursements
- RTO vs refund matching
- Payment gateway matching
Mistakes here result directly in revenue loss.
3. GST for Ecommerce
GST is calculated differently:
- Marketplace charges GST on their fees
- Seller must file GST on outward supplies
- Input must be matched with GSTR-2B
- Refunds/returns must be adjusted
- E-commerce TCS must be reconciled
A miscalculation can cause ITC loss.
4. Why Ecommerce Sellers Need Specialised Accountants
Ecommerce requires:
- Domain knowledge
- Platform experience
- Data tools
- Speed
- Reconciliation accuracy
This cannot be handled by a generic accountant.
Om Accounting specialises in ecommerce accounting across Amazon, Flipkart, Shopify, Meesho, Myntra, Ajio, Nykaa, and more.