Accounting And Taxation Services – Why You Need & How We Can Help
Welcome to the world of accounting and taxation
services for e-commerce sellers. As a business person, it is
crucial to stay on top of all financial responsibilities and ensure compliance
with the laws and regulations. However, navigating the complexities of
accounting and taxation can be challenging, especially for those who sell on
platforms like Amazon and Flipkart.
That’s where Jaipur Global Services comes in. We are a team of experienced professionals who specialize in providing comprehensive accounting and taxation services to e-commerce sellers.
Here we will
discuss the various challenges that e-commerce sellers face when it comes to
accounting and taxation and how Jaipur
Global Services can help you overcome them. From GST return
filing to e-commerce payment reconciliation, we have got you covered. So, let’s
dive in and explore the world of accounting and taxation for e-commerce sellers.
Accounting
and taxation can be complex and overwhelming tasks for any business,
especially for those who sell on e-commerce platforms like Amazon and Flipkart.
GST Compliance
One of the
most important responsibilities of a business person is to file GST returns,
which showcase details of purchases, sales, tax collected on sales, and tax
paid on purchases. If your business has a turnover of 20 lakh rupees, it is
mandatory to register for GST if you are selling goods. Jaipur Global Services provides
sellers all the necessary services for GST from registration to filing, so you
are always compliant.
Payment Reconciliation
One of the
major challenges for e-commerce sellers is payment reconciliation. Payments for
orders on marketplaces like Amazon and Flipkart are typically received through
a particular sales channel payment cycle. The marketplace pays the seller in a
lump sum amount at the end of the cycle, but this amount may be filtered with
commissions, taxes, service charges, and penalties.
Keeping track
of all these payments can be a daunting task, which is where companies like Jaipur Global Services come
in. We have a robust system that manages all payment reconciliation for emerging
sellers.
Manage Accounts
We also
handle all the accounting hassles related to selling fees, FBA fees, and Easy
ship charges reconciliation border-wise. This includes order-wise
reconciliation, which can be affected by various payment modes like COD, net
banking, and card payment.
Our profit
analysis services include reconciliation of payment reimbursement against each
order, SKU-wise profitability, order id wise profitability and settlement, and
overall e-commerce portal profitability.
Dispute Handling
However,
there may be special cases where things can get complicated for sellers. For
example, if a buyer raises a case, Amazon may hold the payment. In the case of
a returned product, there could be a hold-up in the payment or even a reversal
of payment if it was prepaid.
If you are in
the FBA program and the buyer returns your product, this can further complicate
things as the returned product will go to the FBA center and if the product is
damaged, it may be disposed of by Amazon.
Reconciliation
in these cases can be tough for sellers, but with our knowledgeable and
experienced personnel, we can help you navigate these problems and keep your
accounting and taxation in order.
Conclusion
In
conclusion, accounting and taxation are vital responsibilities for any
business, but they can be challenging for e-commerce sellers. With the help of
experienced professionals like Jaipur
Global Services, you can streamline your accounting and taxation
process, and focus on growing your business.
We provide services like GST return filing, e-commerce payment
reconciliation, selling fee, FBA fee, and Easy ship charges reconciliation
border-wise and Order wise reconciliation. We also give a detailed analysis of
your profit and loss statement so that you can make an informed decision. With
our help, you can rest easy knowing that your accounting and taxation
services are in good hands.
Comments
Post a Comment