Shopify Accounting & Bookkeeping Services
We help 7-figure US & Canadian Shopify sellers by doing monthly bookkeeping, sales tax filing (HST and US), and payout reconciliations.
Trusted by Shopify Sellers in Toronto
This Service Is For You If …
- Your store is growing but your Shopify bookkeeping services can't keep up.
- You've triggered US economic nexus and don't know which states to register in.
- You're a Canadian Shopify seller confused about US income tax filing.
- Your current accountant isn't a Shopify business accountant and it shows.
Our Shopify Bookkeeping Services
Everything you need regarding Shopify accounting and full tax compliance in Canada and the US.
Ecommerce Bookkeeping
- Automate Shopify bookkeeping
- Track Shopify marketplace fees
- Stripe, PayPal, & Moneris reconciliation
Sales Tax (Canada & US)
- GST/HST reconciliation for remittances by Shopify
- US Economic & Physical Nexus tracking
- Shopify Tax, A2X, Numeral, TaxJar & Avalara integration
Inventory & Profit Tracking
- Sales to Payout reconciliation
- Calculate your Ecommerce contribution margins
- Maximize deductions for returns and discounts
Strategic Planning
- Plan for Black Friday Cyber Monday deals
- Quarterly check-ins with a CPA
- Compilation Engagements for lenders
Selling on Other Ecommerce Platforms?
How We Handle Your Shopify Accounting
From your first call to ongoing support, here’s what working with our Shopify accountants looks like.
1. Free Shopify Tax Strategy Call
We review your Shopify store, which US states you owe sales tax in, and your Canadian GST/HST situation. Honest advice from our Shopify CPA.
2. Setup & Integration
We connect your Shopify store to QuickBooks or Xero, reconcile your Shopify payouts, and sort out refunds, fees, and chargebacks.
3. Ongoing Shopify Bookkeeping Services
Monthly Shopify accounting, multi-state US sales tax filing, GST/HST remittance, and quarterly check-ins with your Shopify store accountants.
Why Shopify Sellers Choose Us?
Our Shopify accounting services are built to grow with your store.
Sales Tax (Canada & US)
From figuring out Canada's Place of Supply rules to US Physical & Economic Nexus, our Shopify bookkeepers know it all.
Cross-Border Help
Expanding to the US? We are adept in QuickBooks for both US & Canada, alongside filing your T2, 1120 and 1120F corporate tax returns.
Free Audit Support
If CRA or IRS audits you, we represent you at no extra charge. Most accounting firms bill separately for audit work. We include it for free.
Our Shopify Client Stories
See What Shopify Sellers Say
Get Started Today!
Talk with our Shopify experts in Toronto and find the right solution for your accounting needs.
Do I need to pay taxes if I sell on Shopify?
Yes. You report your Shopify store income to CRA like any business. If you sell to US customers, you may also owe US sales tax depending on economic nexus thresholds; $100K in sales or 200 transactions.
Do I need to charge tax on Shopify Canada?
Once your Shopify sales exceed $30,000/year, you must register for GST/HST. Some provinces have separate PST rules. A Shopify accountant can track sales by province so you know when to register.
Does Shopify report your income?
Shopify doesn’t report to CRA directly. But Stripe and PayPal may, and CRA can request records anytime. Proper Shopify bookkeeping services keep you ready.
Does Shopify send a tax form?
In Canada, no. In the US, Shopify issues a 1099-K if you exceed certain thresholds. Either way, you’re responsible for reporting your Shopify tax accurately.
How much tax do you pay on Shopify?
GST is 5%. HST ranges from 13-15% depending on province. US sales tax varies by state based on nexus. A Shopify CPA can calculate what you owe on both sides and claim eligible Input Tax Credits.
What accounting software links with Shopify?
QuickBooks, Xero and A2X integrate with Shopify. They pull sales data, but you still need to reconcile Shopify payouts, fees, and refunds. That’s where Shopify accounting comes in.
Do I need QuickBooks if I use Shopify?
Shopify tracks sales but doesn’t do bookkeeping. QuickBooks or Xero handles expenses, invoices, and tax reports. Shopify store accountants set this up for you.
Does Shopify have a bookkeeping system?
No. Shopify gives you reports but not bookkeeping. You need a Shopify business accountant to reconcile payouts, track expenses, and file GST/HST.
How much does Shopify bookkeeping cost?
Around $600/month for most stores. Depends on volume and complexity. Book a free call for exact pricing.
Do I need a Shopify bookkeeping service near me?
No. Shopify bookkeeping is done online. Your books, payouts, and tax filings don’t require in-person meetings. We’re based in Toronto, right in the heart of the Financial District and just minutes from Union Station, but we work with Shopify sellers across Canada.
