Top E-commerce Accountants in Toronto
Get your online store finances in order, hassle-free. Our e-commerce accountants in Toronto keep track of sales and inventory across all your selling channels, helping you save big on taxes!
Better Business with Expert E-commerce Accountants in Toronto
Control Sales Tax
Selling on multiple platforms is tricky. Our e-commerce accountants in Toronto cut your tax risks by 45% and keep you 100% compliant with CRA's marketplace rules.
Maximize Platform Profits
Most online sellers miss out on 18% of profits due to hidden fees. We track all your sales and fees across every platform, boosting your bottom line by up to 24%.
Count Inventory Right
Online stores lose around $32,000 yearly from inventory mistakes. Our team sets up simple tracking systems that cut stockouts by 35% and maximize your tax write-offs.
Know Your Channels
Make smarter decisions with clear data. We give you easy-to-read dashboards showing how each product and channel is performing, boosting your sales by 28%.
Services Our E-commerce Accountants in Toronto Offer
Whether you sell on Shopify, Amazon, or multiple platforms, we help you keep your online business finances simple and profitable.
Multi-Channel Sales Reconciliation
- Accurate platform-by-platform sales tracking
- Automated reconciliation of Shopify, Amazon, Etsy, and eBay
- Integration with 30+ e-commerce platforms
- Cross-border currency conversion tracking
- Sales tax collection verification
- Marketplace fee analysis and margin calculation
- Daily vs. monthly settlement patterns
E-commerce Tax Compliance
- HST/GST compliance across all jurisdictions
- Platform fee tax credit maximization (25-30% recovery)
- U.S. and EU non-resident sales tax filing
- Marketplace facilitator rule implementation
- Bill C-14 compliance for digital services taxation
- Cross-border tax planning and optimization
- Tax-efficient inventory write-off strategies
Inventory Management
- FIFO/LIFO/average cost method analysis
- Multi-warehouse inventory reconciliation
- Cost of goods sold (COGS) calculations
- FBA inventory accounting and reconciliation
- Inventory shrinkage tax treatment
- Warehouse equipment depreciation scheduling
- Obsolete inventory tax advantage planning
E-commerce Financial Reporting
- Channel profitability analysis with margin breakdowns
- Custom KPI tracking (CAC, CLV, SKU turnover)
- Seasonal cash flow forecasting
- Platform-specific financial statements
- Marketing ROI analysis
- Product-line profitability monitoring
- Unit economics by sales channel
Sales Tax Automation
- Automated HST/GST filing integration
- Provincial tax nexus monitoring and compliance
- International tax threshold tracking
- Marketplace facilitator tax management
- Remittance schedule optimization
- CRA sales tax audit preparation
- Tax software integration (TaxJar, Avalara)
Strategic Growth Planning
- E-commerce business valuation
- Platform expansion financial modeling
- Capital raising preparation
- Acquisition target analysis
- Fractional CFO services
- Tax-efficient exit planning
- Cash flow planning for inventory scaling
Trusted Accountant by Toronto's E-commerce Businesses
From Shopify startups to big online retailers, our e-commerce accountants in Toronto help businesses making $50K to $25M a year keep more of what they earn.
85+ Toronto E-commerce Businesses Trust Our Accounting Services
We use the best tools that work with all the major selling platforms to make your accounting easy and accurate.
Our clients say things like: “They helped us count inventory 35% more accurately and cut our sales tax compliance costs almost in half!”
Everything Connected
No more chaos. We connect with all your selling platforms to pull in your numbers automatically.
Clear Finances
See exactly how much you're making on each product and platform, anytime.
Save on Taxes, Legally
We help you pay less tax while staying 100% compliant with CRA rules.
See Why E-commerce Entrepreneurs Love Our Toronto Accounting Services
Only Pay When You're 100% Satisfied
Money-Back Guarantee
Only pay when you're completely satisfied with our e-commerce accounting services.
Audit Protection
Worried about CRA sales tax audits? With SAL, you're fully protected from audits.
Clear Pricing
Our e-commerce bookkeepers in Toronto offer transparent, scalable pricing based on your needs.
Why Do Online Sellers Choose Our E-commerce Accountants in Toronto?
E-commerce Accounting for All Types of Online Sellers in Toronto
Shopify Store Owners
Growing fast and adding new sales channels? Our Shopify experts help you save on payment processing fees (usually 2.9%+30¢) and make app subscriptions tax-deductible. We connect with Shopify Payments and Capital to track your cash flow.
Amazon FBA Sellers
Tired of Amazon’s fees eating your profits? We track your true costs including storage fees (about $0.75-$2.40 per cubic foot), fulfillment costs, and long-term storage penalties. Our system cuts inventory counting mistakes by 42%.
Subscription Box Businesses
Managing monthly subscribers and predicting inventory needs is tough. We build simple financial models that forecast your cash flow with 90% accuracy. It is based on your customer cancellation rate (industry average: 5.6% monthly).
Dropshippers
With thin profit margins (usually 15-20%), every dollar counts. Our dropshipping specialists track cost changes in real-time, making your profit margins 35% more visible. It helps you time supplier payments for better cash flow.
Online + Offline Retailers
Running both a website and physical store? Our e-commerce accountants connects your online and offline sales, cutting bookkeeping time by 68%. It shows you which sales channels make the most money.
Digital Product Sellers
Selling downloads, courses or software comes with tricky tax rules. Our e-commerce CPA in Canada keeps you compliant with digital tax laws. You can claim more business deductions for your marketing costs (usually 15-25% of revenue).
A Message from Our CPA
Hi there! I’m the founder of SAL Accounting. After helping hundreds of online sellers with their books, I really understand the challenges of running an e-commerce business in Canada. Our team knows all the special tax deductions for online sellers, how to keep you sales tax compliant, and how to show you which products and platforms are making you the most money. Let us handle the numbers so you can focus on growing your online store!
M. SALMAN
Meet Our Expert E-commerce Accountants in Toronto
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: E-commerce Accounting in Toronto
How do you handle HST for marketplace sales in Canada?
Since July 2021, Canada changed how online sales tax works. When you sell on Amazon or similar platforms, they now collect and remit HST for you on Canadian sales. But this creates a mixed situation where some sales have HST handled by the marketplace while others you handle yourself. We set up a tracking system that separates marketplace sales from your direct sales. This prevents tax confusion and helps you claim back input tax credits you might miss. Our clients typically recover around $4,200 extra in tax credits each year using our system.
Can you help with U.S. sales tax for my online store?
Absolutely. Since a big court case in 2018 (South Dakota v. Wayfair), Canadian online sellers need to worry about U.S. sales tax in states where they sell a lot. We track your sales by state and let you know when you hit the thresholds (usually $100,000 in sales or 200 orders per state). We help with state registrations, filing deadlines, and marketplace tax rules. This approach has saved our cross-border sellers around $12,500 in potential penalties.
How do you keep track of inventory for online sellers?
We use a three-way matching system that compares your physical inventory counts, what your selling platforms say you have, and what’s in your accounting system. For Amazon FBA sellers, we have special tools to reconcile Amazon’s often confusing inventory reports. Our approach typically makes inventory 35% more accurate, finds an average of $8,300 in “missing” inventory each year. This lets you properly write down old inventory and claim tax deductions on warehouse equipment.
What accounting software works best for online sellers?
We start with QuickBooks Online or Xero as the foundation, but online sellers need more specialized tools too. We add A2X to properly match your platform payouts with the right sales, fees and taxes. For inventory tracking, we use tools like DEAR Systems or Cin7. We also use SellerPrime or HelloProfit for Amazon sellers. Our Shopify accountants in Toronto use special tools for Shopify store owners. This combination cuts data entry by 85% and makes your financial data 42% more accurate than average.
How do you figure out which sales channels are most profitable?
We set up a reporting system that captures all your channel-specific costs including marketplace fees (Amazon takes about 15%, Etsy around 6.5%, eBay about 10%), plus payment processing fees, shipping costs, and return rates for each platform. This shows you the true profit of each product on each platform after all costs. With this clear picture, our Toronto e-commerce clients have shifted their inventory and marketing budgets to increase their overall profits by around 22%.
What tax deductions do online sellers often miss?
Online businesses have special tax advantages. Platform fees (usually 10-15% of sales) are fully deductible but often wrongly categorized. Home office deductions for inventory storage can save you a lot. Digital marketing costs, software subscriptions, and product photography expenses are frequently missed. Website costs can be either expensed right away or spread out over time for tax advantages. Our e-commerce accountants typically find more than $12,000 in extra deductions for Toronto online stores.
How do you handle US dollars and other currencies for online sellers?
We set up a simple system to track exchange rate gains and losses from all your platforms. For e-commerce businesses selling in US dollars, our cross-border experts in Toronto can time your currency conversions to take advantage of better exchange rates. We also make sure currency gains and losses are handled correctly for tax purposes, which can make a big difference for businesses with lots of cross-border sales.
Can you help improve my online store's cash flow?
Online retail needs special cash flow strategies. We create inventory buying models based on how fast products sell on different platforms, seasonal trends, and supplier delivery times. For Amazon FBA sellers, we balance inventory levels to avoid high storage fees (which went up 15-22% in 2023) while preventing stockouts. We also help time your payments for platform fees, marketing costs, and inventory purchases. These strategies typically improve your working capital efficiency by 28% and reduce emergency inventory purchases by 40%.
How is e-commerce accounting different from regular bookkeeping?
Regular bookkeepers treat all sales the same, missing the special needs of online sellers. Our approach includes platform-specific reconciliation, marketplace fee tracking, multi-currency management, and inventory methods designed for online retail. We connect directly with your selling platforms instead of manually entering data. We track profitability at the product level, calculate true unit costs, and allocate marketing costs across channels. This specialized approach gives you 3.4 times more useful financial insights than standard bookkeeping.
Where is SAL Accounting located?
Our office is conveniently located at 330 Bay Street, Unit 1401, in Toronto, Ontario M5J 0B6. We are situated at the intersection of Bay Street and Adelaide Street West, right in the heart of downtown Toronto.
Get Your FREE E-commerce Accounting Consultation Today!
Ready to grow your online store? Discover how our e-commerce accounting services can maximize your platform profitability, ensure sales tax compliance, and provide clarity. Book your free consultation today!