- Our experts are always all ears to listen to your queries regarding bookkeeping and accounting or our services. You can contact us anytime by visiting: Contact Us page.
Experience Hassle-Free Bookkeeping for Amazon Sellers
Hire Remote Bookkeeper, Accountant , Tax return Preparer or Admin Person
Monthly Bookkeeping, Payroll, Financial Statements or Tax returns for Educational and Academic Institutions
Bookkeeping For Amazon Sellers
- Bookkeeping for Amazon Seller, Amazon marketplace is an e-commerce platform that is owned and operated by Amazon It enables third-party sellers to sell either new or used products on a fixed price online marketplace. Furthermore, depending upon the usage, the billing reports are created. The AWS Cost and Usage report gives an in-depth information about the use of AWS resources and the projected cost for the specific usage.
- There are various applications that help in managing various business transactions that occur through Amazon. One of the state-of-the-art technologies can be managed by the automated accounting by A2x which gives a detailed insight for the sales, fees, cost of goods sold and FBA inventory.
- A major concern that many sellers often face is the taxation as many of the sellers are unfamiliar with the various terms such as sales tax, VAT, nexus, etc. For a clear picture, there are two main types of taxes – 1) Income tax and 2) Sales tax also known as Value Added Tax (VAT) or Good and Services Tax (GST) in some countries.
A2X Software for Amazon Bookkeeping
- Bookkeeping for Amazon Seller -The A2x software makes accounting work easier by automatically fetching the latest Amazon settlement transactions and then posts the summarized transactions to your accounting system.
- Hence, giving an inclusive insight for every penny of the Amazon settlements.
- Additionally, it also helps you save time in expanding your Amazon business as the software takes complete control of the accounting management.
- The vital thing about software is its accuracy. Therefore, over 1000 Amazon sellers consider it a leading and trustworthy software.
- You can prepare detailed reports for Amazon business through COGS per unit, live inventory report and profitability report.
- The accounting for COGS allows you to administer your inventory by treating your product inventory as an asset until you sell the product. It also includes the procurement costs, production costs, taxes and duties, listing fees and inventory storage fees and costs.
- The live inventory and comprehensive profitability report enable you to plan and adapt to the marketplace in a smarter and faster way. It gives an edge of advantage and helps make complex automation get easier.
- This whole process may seem complicated. But with the use of the right software, the complete process can be in a proper system. Some of the best tools that can be used for the process are the A2x for account integration and Xero or Quickbooks for accounting. These are some of the best tools to make your financial accounting seamless and profitable.
Real-time Bookkeeping Services to the A.U.
Meru Accounting is India’s leading accounting and bookkeeping firm, which also provides its services in Australia. We have deep knowledge of laws and legislation that are applied in Australia, which we use for the best outcome of our clients. Doing books for Australian businesses requires a composite knowledge of various laws and legislations applicable in Australia. Businesses need to pay taxes every quarter based on the turnover they do during a period.
Installment Activity Statement: IAS needs to be filed with ATO on monthly basis if ATO requires you to do so.
Business Activity Statement: This needs to be filed generally on quarterly basis for all the businesses which are registered under GST.
Annual Returns: Annual Tax returns needs to be filed by business in Australia.
Australia Follows financial year starting from 01st July to 30th June.
GST in Australia
Who? When? and How? Are the three most prominent questions to prop in your mind while working on GST registration, click here to read more.
Hiring Virtual Accountant With Meru Accounting
- Meru Accounting provides world-class services that cater to all the needs of cloud accounting and bookkeeping of your business.
- We work on the best accounting software like Xero and Quickbooks, as well as add-ons that will make sure all your work is up-to-date.
- Help you with switching from your traditional software to Xero and Quickbooks.
- We also manage VAT, BAS, Sales Tax and Indirect taxes for you so you are always ready at the end of the financial year.
When you choose to outsource your accounting work with us, it benefits you in the following ways:
- Cost-saving
- Access to skilled and experienced professionals
- Better management of books of accounts
- Decreased chances of errors
- Improve business efficiency
- De-burdens in-office employee’s dependency
- Better turnaround time
- We work on virtual technologies like Team Viewer, Virtual Private Network (VPN) to share and access data from your system.
- You have to share your accounting software login details.
- Through that, we complete all of your work and update it on the cloud, so you can have access to your data from anywhere and at any time.
- Software is not a barrier for us. Due to our strong and professional accounting knowledge, we can prepare your books in almost any of the accounting software.
We provide our bookkeeping services at the rate of US $10 per hour. So, you only need to pay for the amount of time actual work is done.
We take certain preventive measures to secure your data, like:
- Cyberoam Firewall to prevent any kind of foreign threat.
- Dual-step authentication
- Implement anti-virus
- Limit user access so that login details are with a few people.
- Meru Accounting work on some of the best accounting software’s like:
- Xero
- Quickbooks
- Netsuite
- Saasu
- Wave
- Odoo
- Along with that, we also work with many add-ons like Workflow Max, Receipt Bank, Slack, TradeGecko etc., to extend your software’s capacity and improved work experience.
To book for trial, call us on our numbers or Please fill out the form here.
Our Work Information
- We have combined team of Professionals. Seniors are generally Certified Chartered Accountants. Junior Bookkeepers are having Qualifications like Bachelors of Commerce, Masters of Commerce, Masters in Business Administration in the subject of Accounts and Finance, Intermediate level Qualification of Chartered Accountancy, etc.
- For information visit our work methodology page.
We prepare a checklist of information required for bookkeeping and send you at timely intervals so as to ensure that we can do bookkeeping faster.
- We can provide to you once we move ahead in our interview.
- We serve clients on MYOB and have expertise working in Essentials, Account Rights Plus, etc.
Yes, We are presently processing Payroll for Number of clients in US , UK and Australia and take care of complete payroll activities.
Goods and Service tax (GST) is levied on sales of all the goods and services in Australia. GST is generally chargeable at 10% of value of sales.
- Business Activity Statement is a predefined form to be submitted to the Australian Tax office by all the business persons in order to report on their all the tax obligations during the period covered.
- BAS is generally required to be filed quarterly by various businesses.
Individual Business Owners
- Yes, Owner of the business can prepare sign and lodge the tax return on his own. Its not mandatory that the Tax return needs to be signed by an EA or CPA.
- No , its not mandatory that it should be prepared by only CPA or EA. It can be prepared by anyone who has PTIN.
We have Enrolled Agent who has the Authority to sign the documents for our clients after completing the through professional check.
Meru Accounting has its operational centre in India and hence the prices are quite less as compared to US based CPA’s and Enrolled Agents.
Meru Accounting has a team of Tax experts. Each Tax expert prepares around 300-400 Tax returns every year for various CPA’s in United States and Individual Businesses like yours. Due to this vast Experience and Robust Quality Check processes in place we can ensure you about correct Tax planning for your firm.