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Bookkeeping for Ecommerce Businesses

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Bookkeeping for Ecommerce Businesses

Bookkeeping involves the systematic recording and organising of a business’s financial transactions. In the e-commerce sector, it’s crucial to maintain accurate records of online sales, expenses, and inventory, ensuring the business can make informed decisions and maintain financial health.

E-commerce businesses face unique bookkeeping challenges, including complex inventory management, compliance with diverse sales tax laws, reconciling transactions across multiple payment platforms, dealing with international sales, and accurately recognising revenue. Overcoming these obstacles is essential for accurate financial records and ongoing business success.

Our Bookkeeping Services for Ecommerce Businesses

What we Offer

New Wave Accounting & Business Advisory offers comprehensive bookkeeping services tailored to meet the unique needs of businesses, especially within the e-commerce sector. Our services include accurate recording of transactions, financial statement preparation, inventory management, and tax filing assistance. We aim to provide end-to-end solutions that not only streamline your financial processes but also bolster your business’s growth and scalability.

Our bookkeeping services stand out due to our specialised focus on e-commerce businesses. Features include:

  • Customised e-commerce solutions with tailored strategies that align with the specific needs of online retailers.
  • The use of advanced bookkeeping software and tools that seamlessly integrate with popular e-commerce platforms and payment processors.
  • Expert management of e-commerce inventory challenges, ensuring accurate tracking and valuation.
  • In-depth understanding of the complex tax obligations faced by e-commerce businesses, aiding in thorough and compliant tax filings.
  • Insightful financial reporting and analysis designed to support strategic business decisions and foster growth.

How we do it

At New Wave, we understand the e-commerce industry. Our services are specifically designed to address the rapid changes and challenges faced by online businesses. We offer:

  • Scalable solutions to fit both established businesses and new startups, fit to grow alongside your business. 
  • Industry experience backed by servicing over 800 businesses across various sectors. Our Gold Coast Accountants have deep industry knowledge, enabling them to create customised and effective bookkeeping solutions for each e-commerce client.
  • Strategic financial planning with strategic advice to utilise your financial data in planning for sustainable growth and profitability.

Why Choose New Wave’s Bookkeeping for Ecommerce Businesses?

Experience in E-commerce

With experience in servicing over 800+ businesses across various sectors, New Wave has developed a deep understanding of different industry challenges and needs. Our Gold Coast Accountants have a wealth of experience in e-commerce, enabling them to offer expert advice and solutions tailored to this dynamic sector.

Help Tailored to Your Business

We believe in creating customised bookkeeping strategies that align with individual business objectives and operational needs. Our approach ensures that e-commerce businesses receive personalised service that directly addresses their unique financial challenges and opportunities.

Ongoing Support

Our relationship with clients extends beyond mere bookkeeping; we provide continuous support and guidance. New Wave is dedicated to helping e-commerce businesses navigate the complexities of financial management, offering advice, updates, and insights to keep them informed and in control.

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Get in touch with our team!

Frequently asked questions

Each year, New Wave hosts a Charity Golf Day gathering Gold Coast business owners and professionals together to raise money and support local causes – see video of our latest event below. Our next event is currently scheduled for 2023. If you are interested in attending or want to get involved with sponsorships, get in touch with our office 07 5504 1999.

New Wave Accountants and Business Advisory is a modern accounting firm providing tailored business solutions to businesses on the Gold Coast and across Australia. We assist clients with: Accounting, Business Review, Cloud Software, Business Setup, Tax, BAS Compliance, Business Advisory & Growth, Management Accounting, and Virtual CFO services. At New Wave, our mission is to empower, excite, and build confidence in small businesses by providing clarity in their figures.

We do not currently offer tax returns for individuals only as we primarily support small to medium sized businesses. However, an individual’s tax return will be prepared by us if they have a business structure.

As Business Advisors, we don’t just focus on tax, but look at ‘out of the box’ strategies to start, grow, and scale our client’s businesses. We provide world class communication both internally and towards our clients.

  • We have saved more than $3.5 million in tax for our clients over the last 12 months
  • We are not your Traditional Dinosaur Accountant
  • We don’t charge by the hour
  • We specialise in Small Business

We are RESULTS DRIVEN Accountants. We are passionate about small businesses, and we truly believe we are making a difference through not only changing our clients’ lives but also the lives of our team members. We offer more than just tax but look further into how to improve profits, save tax, and maximise cashflow

Every business is different and therefore has unique requirements. You can start by booking a free initial consultation with one of our Accountants/Business Advisors to help us understand your requirements and come up with a plan to assist you and your business needs. To book a free consultation, please contact our reception on 07 5504 1999.

We understand small businesses and have worked with over 800+ businesses across various industries. We also provide tailored services for specific niches such as Ecommerce, Construction, Medical, and Allied Health.

We offer a $150+GST for 30-minute initial consultation with one of our Accountants / Business Advisors. To book, please contact our reception on 07 5504 1999.

Our Location

08:00am - 05:00pm (Weekdays)

Have an Enquiry?

Please fill out the form and one of our team will be in touch with you as soon as possible.
Newwave Accounting

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101 Strategies for Business Owners To Save Tax

Save Tax helps business owners, entrepreneurs and commercial adventurers:
  • Pay only the tax that they need to
  • Find the right people to help you save tax
  • Simplify and demystify tax obligations

At the end of the day, and by the end of this book, you will have an understanding of how and why you should invest in minimising your tax and making the most of your business.

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