Dropshipping Accountant & Bookkeeping Services Toronto
Turn complex numbers into clear profits. Our Toronto dropshipping accountants manage cross-border taxes and GST/HST compliance. We help you avoid mistakes causing 90% of dropshipping failures within four months.
Top Accounting for Dropshipping Businesses in Toronto
Prevent Hidden Cost Surprises
84% of dropshippers struggle with suppliers, and price hikes hurt profits. We track costs on AliExpress and others, alerting you to changes before they impact margins.
Manage Multi-Platform Sales
Most dropshipping failures stem from poor financial tracking across platforms. We integrate Shopify sales, Amazon payments, and supplier costs for clear profit visibility.
Handle CRA Requirements Correctly
When sales hit $30,000 globally in four quarters, GST/HST registration is required, even for cross-border shipping. We handle duties and paperwork for goods you don’t touch.
Identify Your Most Profitable Products
Most dropshippers earn 20-30% profit but miss true item profitability. We show true profit after fees, returns, and costs, so you can focus on top performers.
Our Complete Dropshipping Accounting Services in Toronto
Stop stressing over financial details and grow your dropshipping business. We handle sales tracking across platforms and Canada-US tax requirements smoothly.
Multi-Platform Sales Tracking
- Integrate your Shopify, Amazon, eBay, and Etsy sales automatically
- Track payments from PayPal, Stripe, and Shopify Payments in real-time
- Handle currency conversion using Bank of Canada rates
- Provide profit breakdown by platform and product
- Monitor platform fees that reduce margins
- Deliver monthly reports on platform performance
Supplier Cost Management
- Track supplier payments automatically
- Calculate complete cost of goods sold including shipping fees
- Monitor foreign exchange impacts on your margins
- Track supplier performance by cost and delivery reliability
- Manage purchase orders and expense categorization
- Allocate dropshipping fees across your product lines
Canada-US Tax Compliance
- Handle GST/HST registration when you reach $30,000 in sales
- Determine Canada-US sales tax obligations for your business
- Calculate import duties on inventory
- Manage drop-shipment certificates and documentation
- Maximize Input Tax Credits to save 8-15% annually
- Provide protection during CRA inquiries
Profit Tracking & Analysis
- Display gross and net profit margins in real-time
- Break down profitability by individual products
- Track customer acquisition costs
- Alert you when margins drop below 20%
- Analyze how returns affect your bottom line
- Identify seasonal trends for better planning
Dropshipping Bookkeeping & Reports
- Monthly financial statements for dropshipping businesses
- Cash flow forecasts that account for seasonal changes
- Organize expenses according to CRA requirements
- Dashboard showing key metrics like collection times
- Maintain detailed records for tax compliance
- Annual financial review with growth recommendations
Business Setup & Tax Planning
- Help choose the best business structure for tax efficiency
- Set up income splitting between salary and dividends
- Plan Capital Cost Allowance for business equipment
- Identify all claimable business expenses
- Develop tax strategies that reduce liability by 15-25%
- Guide you through incorporation when ready to scale
Trusted Accountants by Leading Toronto Dropshippers
Whether you’re a solo entrepreneur or a seller earning over $500K, we manage the financial side of your dropshipping business. Our dropshipping accountants in Canada help you focus on growing your e-commerce brand.
85+ Dropshippers Choose Our Toronto Accounting Services.
We understand dropshipping better than typical bookkeepers, with systems tailored for selling products you don’t handle.
Clients say we’ve helped them “manage tough dropshipping taxes in Canada that beat most competitors and build solid profit tracking.”
Automated Accuracy
Our systems automatically track sales and expenses, ensuring no missed transactions or errors.
Real-Time Financial Reports
Check profit margins, cash flow, and tax obligations anytime via our 24/7 client dashboard.
Complete Tax Compliance
Relax knowing our dropshipping accountants in Toronto handle all tax obligations.
See Why Dropshippers Love Our Accountants in Toronto
Only Pay When You're Totally Satisfied
Money-Back Promise
Pay only if our dropshipping expertise truly helps your business—we’re that confident.
Zero Audit Worries
No stress over CRA audits; we offer free support and keep everything ready.
No Surprise Bills
Our flat monthly fee keeps costs clear, with no hourly billing surprises.
Why Toronto Dropshippers Choose Our Expert Accountants?
Dropshipping Accountants for Different Business Types in Toronto
Fashion & Apparel Dropshippers
Seasonal trends and high returns can challenge fashion sales. Returns often reach 15-25%. We track return costs and warranty claims and monitor seasonal cash flow changes. This keeps your business profitable all year.
Electronics & Tech Dropshippers
Tech prices shift quickly, and supplier costs can spike fast. Our real-time tracking catches price changes before they cut margins. This matters for high-value electronics with slim profits and helps you stay ahead.
Home & Garden Dropshippers
Big items mean big shipping costs, and seasonal demand can be unpredictable. We track oversized shipping fees and seasonal inventory patterns that can make or break your yearly profits in this category.
Health & Beauty Dropshippers
Strict rules and expiration dates complicate health and beauty sales. Our systems manage compliance costs and track how product life cycles affect your profitability. This keeps you profitable and compliant without extra stress.
Pet Supplies Dropshippers
Pet owners buy regularly, which is great for repeat business. We help track consumable product patterns and manage subscription sales models. We also calculate customer lifetime value metrics that are key for pet supply success.
Print-on-Demand Services
Royalty payments and per-item costs that change make this tricky. Our systems manage artist payments and platform fees. We track production costs by product and order volume for smooth operations.
A Message from Our CPA
Hello! I’m the founder of SAL Accounting. Dropshipping has its own financial headaches, like tracking supplier costs across currencies. Regular bookkeepers often don’t get it. Our team handled thousands of drop shipping transactions, keeping you profitable. Let us deal with the numbers so you can focus on choosing great products.
M. SALMAN
Meet Our Dropshipping Accountants in Toronto
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: Dropshipping Accountant in Toronto
How do we handle GST/HST for dropshipping businesses?
We help you register for GST/HST once your revenue surpasses $30,000 in four consecutive quarters. Our system calculates the correct tax rates based on your customers’ locations and automates collection and remittance. We also track eligible Input Tax Credits (ITCs) for business expenses like advertising and software, helping active dropshippers recover $2,000–$5,000 annually.
Can you track profit margins across multiple suppliers and platforms?
Yes, our tools integrate with platforms like Shopify, Amazon, and eBay to pull transaction data. We track costs from suppliers like AliExpress, domestic wholesalers, and print-on-demand services. Real-time dashboards show margins by product, supplier, and platform, helping you identify profitable combinations. Many clients see a 20–30% margin improvement within three months.
How do you manage Canada-US tax obligations for cross-border dropshipping?
Our drop shipping accountants serve both Canada and US. We handle US sales tax nexus, Canadian import duties, and currency conversions. For US sales, we assess tax obligations based on inventory storage and sales thresholds. Our cross-border tax accountants also manage GST/HST on imported goods, helping clients recover 8–12% on these transactions through proper ITC claims.
What sets dropshipping accounting apart from regular e-commerce bookkeeping?
Dropshipping bookkeeping is different from e-commerce bookkeeping. It requires additional focus on areas like supplier cost variations, currency exchange impacts, and platform-specific fees. We manage reconciliation between sales platforms, supplier payments, and profits, ensuring no crucial elements are missed.
How do you track customer acquisition costs and lifetime value?
Our system integrates with platforms like Facebook Ads and Google Ads to track true customer acquisition costs. We calculate profit per customer after all expenses and analyze repeat purchase rates to help you determine sustainable advertising budgets.
Can you assist with business structure optimization?
Yes, we assess whether sole proprietorship, partnership, or incorporation is the best fit based on your earnings and goals. Dropshippers earning $75,000+ annually often save 15–20% in taxes through incorporation. We handle GST/HST account transfers and ongoing compliance. You can consult our business incorporation accountants for more information.
How do you handle inventory valuation for dropshipping?
Since you don’t hold inventory, we monitor outstanding purchase orders, prepaid inventory costs, and virtual inventory details. This ensures our drop shipping accountants in Toronto calculate the cost of goods accurately.
What financial reports do you offer for dropshipping businesses?
We provide monthly profit and loss statements by platform, product category, and supplier. Specialized reports include margin analysis, customer acquisition trends, and cash flow forecasts. Quarterly tax reports also outline GST/HST obligations.
How do you protect dropshippers from CRA audits?
We maintain detailed records linking every transaction to platform statements, invoices, and payment confirmations. Our drop shipping accountants in Toronto perform quarterly internal reviews to ensure compliance.
Where is SAL Accounting located?
Our office is conveniently located at 330 Bay Street, Unit 1401, in Toronto, Ontario M5J 0B6. We are at the intersection of Bay Street and Adelaide Street West, right in the heart of downtown Toronto.
Get Your FREE Dropshipping Accounting Consultation Now!
Dealing with hidden costs or tricky taxes in your dropshipping business? Let our expert accountants help you simplify your finances and focus on growth. Book a free consultation today to set yourself up for long-term success!