Ecommerce accounting differs enough from general practice that a competent local accountant will frequently get it wrong — not through incompetence, but because Shopify's data model, multi-state sales tax and inventory accounting don't resemble the businesses most practices handle.
What this category covers, and what goes wrong without it:
- Tax and compliance — sales tax, VAT and Shopify Tax setup, plus tax preparation and filing. Economic nexus means crossing a revenue threshold in a state creates a filing obligation there whether or not you have any presence, and merchants routinely discover this several states and two years late.
- Day-to-day accounting — bookkeeping and accounting built around Shopify payouts, which arrive net of fees and span multiple order dates. Booking payouts as revenue is a common error that hides processing costs entirely.
- Inventory and margin — inventory and COGS accounting, and inventory management. Without landed cost per SKU you can't tell which products make money, and treating stock as an expense rather than an asset makes the business hard to finance.
- Decision support — cash flow and profitability analysis, financial planning and forecasting, and financial reporting and KPI dashboards.
- Embedded leadership — fractional CFO services for brands typically between $2M and $25M, covering inventory purchasing, financing decisions and board reporting.
- Capital and payments — funding, fundraising and valuation, currency conversion, local payment methods, and chargeback support.
Past roughly $500,000 in revenue, or as soon as you sell across state or national borders, ecommerce-specific expertise stops being optional. Compare vetted Shopify accountants below, or browse the specific service you need.