Ecommerce Accounting & Bookkeeping in Toronto
You're growing fast but you have no clue how much money you actually made. Get numbers you can trust across every channel you sell on.
Featured in The Globe and Mail & Yahoo Finance
Trusted by Canada's 7-Figure Online Sellers
Ecommerce Accounting for 7-Figure Sellers
Shopify Accounting
Your own store, your own checkout
- Payouts reconciled, every gateway
- Real margin on every product
- HST filed in each province
- US LLC filing
Amazon Accounting
FBA and marketplace
- FBA, referral, and storage fee tracker
- Inventory across fulfillment centers
- HST/GST claims & ITC maximization
Selling in more than one place? That’s most of our clients. Every channel consolidates into one set of books.
We work with Etsy and eBay sellers too. Etsy accounting · eBay accounting
Why Your Ecommerce Numbers Don't Match Reality
One Clear Set of Books to Grow On
If you sell on different channels, across borders, or at high volume, your books shouldn’t feel like rock climbing.
- See profit by channel, not just what hit the bank
- Marketplace tax netted out, so you pay it once
- GST/HST and US sales tax filed on one clean set of books
- Cross-border compliance handled once, not per storefront
Ecommerce Accounting for Sellers Going Cross-Border
You'd Rather Do Anything Than Open Your Books
Fair. You started the store to build something, not to reconcile Shopify payouts on a Sunday night.
Every month you skip, the pile gets bigger. By quarter-end, catching up is a two-day job you resent.
You need someone to take it off your desk for good.
Hook Line & Tinker
You're Selling into the US Without a Cross-Border Plan
Canadian sellers cross the border one channel at a time and end up with obligations on both sides.
A US LLC set up wrong means double tax, extra IRS filings, and a $25,000 Form 5472 penalty if it’s late.
Cross a state’s sales tax nexus and you can owe years of back tax, with personal assets on the line.
Hydra Garden
Scale Your Store on Numbers You Actually Trust
The Only Accounting Team You Need for Your Ecommerce Store
Know your real profit
- Sales by channel, reconciled to deposits
- Fees, refunds, and chargebacks stripped from every platform
- Real margins by product and by channel
- Books closed monthly, every store included
Stay tax compliant
- GST/HST filed by province, on time
- Marketplace tax netted out (Amazon and Etsy), paid once
- US sales tax tracked by state, across every channel
- CRA and IRS audit-ready
Get CPA-led strategy
- Quarterly reviews with your CPA
- Tax planning ahead of BFCM and peak seasons
- Channel-level profit reviews to steer ad spending
- Cross-border guidance as you scale into the US
Same Store. Two Very Different Outcomes.
The right ecommerce CPA is the difference between knowing your numbers and hoping they’re right.
Watch How Books Clarity Helped Grow This Ecommerce Brand
The Profit Clarity Path
Anxious about the big switch? Some of our best clients were too. Here's exactly what happens.
See what you're missing
Review our free checklist and spot the leaks in your fees, taxes, and books.
Get tailored advice
Book a Diagnostic Call with our Ecommerce CPA and leave knowing what to fix first.
Safeguard your setup
We review your Canadian corporate structure and whether a US LLC could cut fees and taxes.
Get caught up
Messy books cleaned, missed filings done, penalty waivers requested from CRA and IRS.
Clarity every month
Monthly books done right from your Shopify portal. Payouts reconciled to the penny.
Plan ahead
Tax-saving consults, cash flow forecasting, budgeting, and ad spend tracking.
Co-founder, Thirdzy
Your Next Growth Move Deserves Real Numbers
FAQs For Shopify Sellers
Do Canadian Ecommerce Sellers REALLY Save Tax with a US LLC? (The Truth)
The Shocking Truth About Wyoming LLCs for Canadian Ecommerce Sellers
Form 5472 Cash & Capital Reporting: How to Avoid the Costly Mistake 90% of People Make
How do I handle sales tax for my online store?
Register for GST/HST once you pass $30,000 in a rolling four-quarter period. Some marketplaces remit HST to the CRA for you, so don’t report that as tax you collected or you’ll pay it twice. For US sales, track state economic nexus before you cross a threshold, not after.
Am I paying sales tax twice if my marketplace already remitted it?
You might be. Amazon and Etsy collect and remit sales tax in many places on your behalf. If that same tax also gets recorded as tax you collected, you pay it twice. It’s one of the most common things we find in catch-up work, and it’s usually worth real money going back several quarters.
Do I need to charge GST/HST when I sell online in Canada?
Once you pass the $30,000 small supplier threshold, yes, at the rate of your customer’s province. Your own store is your responsibility. Marketplace sales may already be handled by the platform, which is where the double-payment problem starts.
What happens if I cross a US state's sales tax threshold?
You owe sales tax from that point, whether or not you charged it. Find out two years later and the bill covers those two years. Most states run voluntary disclosure programs that cap how far back they look, so the sooner it’s handled, the smaller it stays.
Do I need a US LLC to sell into the United States?
Often no. An LLC can solve one problem and create three, including double tax and a $25,000 penalty on Form 5472 if it’s late or wrong. Worth a conversation before you file anything.
Why doesn't my bank deposit match my platform sales?
Because you get paid net, not gross. Between the sale and your bank sits platform fees, shipping, refunds, chargebacks, and any tax the marketplace withheld. Sales and deposits never match, and that’s normal. The trouble starts when only the deposit gets recorded, because your real margin disappears with it.
How do I know if a product is actually profitable?
Take the selling price and remove fees, shipping, returns, discounts, and the landed cost of the unit. Volume hides margin, so a product can top your sales report while its real contribution is negative.
How do I manage inventory for accounting purposes?
Value it monthly and apply cost of goods per product, including landed cost, duty, and freight. Without that, your gross margin is a guess and your best seller can be losing money without anything on the P&L showing it.
Why don't my ad platform, my store, and my books agree?
Each one counts a different thing over a different window. Ad platforms attribute on clicks, your store counts orders at checkout, your books count settled money. All three can be right at once. Only one tells you what you kept.
What is ecommerce bookkeeping?
Tracking and reconciling sales, fees, refunds, and payouts across platforms like Shopify, Amazon, Etsy, and eBay. It handles multiple gateways, platform-specific fees, inventory, and the timing gap between a sale and the deposit.
Do I need an accountant for my ecommerce business?
If you’re on one platform, selling only in Canada, and under the HST threshold, probably not yet. Once you add a second channel, hold inventory, or sell into the US, the gap between a general accountant and what you need gets wide fast.
Should I use cash or accrual accounting for ecommerce?
Accrual, for most growing stores. Cash basis records revenue when the platform pays you, which hides the gap between the sale and the deposit. It’s the only basis where your margins mean anything.
What accounting software works with ecommerce platforms?
QuickBooks Online or Xero, connected through A2X for marketplace data. The setup matters more than the software. A clean mapping is the difference between books that reconcile on their own and books that need a manual fix every month.
My books are a mess from previous years. Is that a problem?
It’s the most common thing we see. Catch-up is a defined project with its own quote and usually takes a few weeks. Nobody here is going to make you feel bad about it.
How much does ecommerce bookkeeping cost?
For most Canadian sellers, between $800 and $1,700 a month, depending on order volume, how many channels you run, and whether the US is in the picture. See the three scenarios below.
Do I need an ecommerce bookkeeper near me?
No. We’re at 330 Bay St in Toronto with a Mississauga office, but reconciliation and filings happen remotely. Most of our clients we’ve never met in person.
Our Team
The ecommerce accountants behind your profit clarity
- Understands ecommerce beyond just the numbers
- Finds the profit leaks in your store
- Fixes inventory and COGS issues
- Keeps you compliant on both sides of the border
Led by M. Salman, CPA, President of SAL Accounting. He built and scaled his own Shopify store before becoming a CPA.
See Your Ecommerce Pricing
Seven quick questions about your orders, channels, and companies. About a minute, no email needed.
We serve clients in
- Downtown Toronto
- Markham
- Hamilton
- Vaughan
- Ottawa
- Etobicoke
- London
- North York
Ecommerce accounting can be handled fully remotely.
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