An e-commerce accounting definition involves submitting financial information to the authorities. When you work as an online vendor, you’re always moving things in and out of your warehouse, keeping track of inventory, and making sales to people all over the world.

Every transaction is recorded in a book, which is called bookkeeping. For example, if you have to return a pair of shoes you bought on eBay, or if you have to accept a shipment of goods into your storage facility. Every time money or assets are moved, a record is created in the bookkeeping department. Take, for instance, sales figures for individual products and the expenditures of running various distribution channels.

Our team compiles all supporting documentation and assigns each file to the appropriate account number. Daily, we link to your accounting software and your financial institutions in order to match up incoming papers with actual transaction data. We contact you immediately if a document is missing from your account. To avoid having to wait until the end of the month before using our data, we’ve made it available now rather than waiting for the books.