Shopify Accounting
See the big picture from your Financial Statements
Shopify Accounting Made Easy
Every Financial Statement Tells a Story
An experienced eye can tell a story by reading your company’s financial statements: when your sales started taking off; when you hired your first employee; or when you purchased your first warehouse. So, what stories do your financial statements tell?
But first, you need to have a set of financial statements ready. Very often, we are buried under the daily challenges of serving customers and promoting products that barely any time is set aside to gather the tax receipts and compile financial statements. That’s where we can offer assistance.
Our experienced team is familiar with the Shopify accounting. With our experience, the power of cloud-based accounting platforms and automation apps, eComGuru Accounting works efficiently and keeps your financial information up to date.
Bankers and investors will love to hear your stories of success. Their support is key to your company’s future growth, so don’t keep them waiting!
Make Timely and Informed Decisions
But a set of accurate financial statements is not just for the past, it is for the future too. In fact, planning for the future is more important.
What is your product’s gross profit margin? How fast is your inventory’s turnover? How much did I spend on shipping last quarter? Am I spending too much on marketing? Did customers return more products or less than usual? These are just some numbers which help you understand your own business better.
As a small business, your success relies on being faster and smarter than your competitors. Knowing your own company and knowing your environment help you achieve that goal. Among these two, knowing your own company should be the starting point. These pieces of information are sitting inside your company, just waiting to be unearthed.
Good decisions should be based on facts, not on guesswork. To make wise decisions, you shall need smart accounting. Speak to eComGuru Accounting to learn more about how to properly set up your accounting system so that you can obtain accurate financial reports on a timely basis.
Questions?
Still have questions about our services? Visit our FAQ section for answers.
Monthly Fees
Startup Business:
Monthly sales volume: 50-200 orders (restrictions apply)1
Quick View
Capture all cashflows.
- Record and reconcile all bank and credit card account transactions
- GST & provincial sales tax returns filing
- Record sales tax filings & payments
- Meet quarterly to review financials
PRO:
CON:
Audit Proof
Maintain complete tax documents.
- Include All services in Quick View Plan
- Record unpaid bills and unreceived payments
- Store tax documents electronically and match them with transactions
PRO:
CON:
Premium
Monthly financial analysis.
- Include All services in Audit Proof Plan
- Meet monthly to review financials
- Perform financial analysis to evaluate business performance
- Identify key metrics as requested
PRO:
CON:
Emergent Business:
Monthly sales volume: 200-500 orders (restrictions apply)2
Quick View
Capture all cashflows.
- Record and reconcile all bank and credit card account transactions
- GST & provincial sales tax returns filing
- Record sales tax filings & payments
- Meet quarterly to review financials
Audit Proof
Maintain complete tax documents.
- Include All services in Quick View Plan
- Record unpaid bills and unreceived payments
- Store tax documents electronically and match them with transactions
Premium
Monthly financial analysis.
- Include All services in Audit Proof Plan
- Meet monthly to review financials
- Perform financial analysis to evaluate business performance
- Identify key metrics as requested
Established Business:
Monthly sales volume: > 500 orders
Please Call for a Customized Quote
Schedule a Discovery Call
- Additional restrictions on complexity level:
Storefronts – 1;
Payment channels – 2;
Bank accounts – 3;
Credit card accounts – 2;
Payroll – 1 salaried employee. ↩︎ - Additional restrictions on complexity level:
Storefronts: 1;
Payment channels – 3;
Bank accounts – 4;
Credit card accounts: 3;
Payroll: – 3 salaried employees. ↩︎