Retail & E-Commerce

Boost your retail and e-commerce business with Kloud Accounting's expert financial management services. We provide tailored bookkeeping, inventory tracking, and financial analysis, ensuring accuracy and efficiency. Stay on top of your finances, make informed decisions, and focus on driving sales while we handle your accounting needs.

Expertise

Kloud Accounting offers unmatched expertise in bookkeeping, tax planning, and financial management to help your business thrive and grow.

Cost Savings

Save costs with Kloud Accounting’s services. Optimize financial processes, reduce errors, and avoid penalties, boosting your business's profitability.

Improved Financial Management

Enhance financial control with precise bookkeeping and strategic planning.

Retail and Ecommerce Business Accounting Outsourcing Services Company- kloud Accounting

Kloud Accounting offers specialized accounting outsourcing services for retail and e-commerce businesses. We handle bookkeeping, inventory management, tax preparation, and financial reporting with precision. Our tailored solutions help you save time, reduce costs, and focus on growth while ensuring compliance and accurate financial management.

Specialised Services For Retail & E-commerce Accounting

1
  • Setting up charts of accounts
  • Recording of sales from POS system or ecommerce site to accounting software
  • Recording receipt from Merchant Account/PayPal Account
  • Verifying and recording bills from suppliers
  • Payment to suppliers
  • Processing employees’ pay and update payroll file
  • Processing other tax related reports
  • Recording depreciation and other adjusting entries
  • Entering Bank Transactions
  • Month-end or year-end closing entries

2
  • Posting entry of payables invoices into accounting software after thorough understanding of requirement, rules and software.  Posting of purchase orders, linking of purchase orders with invoices to identify pending PO,
  • Tracking vendor payments with credit terms and generates timely aging report.
  • Periodical vendor reconciliation Processing online payment
  • Reconciliation of credit cards

3
  • Reconciliation of Point of Sale (POS) systems/back-end ordering/Third Party Stores with accounting software:Ordering systems can be different from accounting software for many small ecommerce companies. As ecommerce firms sell on ecommerce sites such as Amazon and EBay, they need to post manual entry on daily/weekly/monthly basis in the accounting software such as QuickBooks or Xero. We enter daily sales, reconcile daily sales between both systems and send regular reports to analyse.
  • Deposits Tracking: Due to end number of daily transactions in ecommerce companies, It’s required to keep track of customer payments at order level and merchant account deposits. We keep reconciling payment through credit card or checks with outstanding customers to avoid bad debts or frauds.
  • Merchant Account/PayPal Account Reconciliation: Regular reconciliation of Merchant account or PayPal account to track funds in transit and avoid extra merchant fees (TDR based charges)

4
  • Report of Inventory reconciliation between accounting software inventory and physical inventory to maintain optimum level of stock and check out of stock,
  • Generating month end category wise and region wise sales report
  • Detailed management report on key business parameters to identify revenue and expense trends.
  • Revenue reports indicating strong performing product lines, categories, brands and SKUs.
  • Monthly financial control reports including parameters such sales, purchase, expenses and liabilities.
  • Working capital utilization and cash flow reports.
  • Analysis of margin break-up, cost drivers and expense trends

Who we serve

Online Retail

Online Payment Systems

Online Advertising

Online Marketplaces

Ecommerce software

B2B Ecommerce

Software Expertise

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John Smith

USA

"Kloud Accounting has transformed how we manage our books. Their team is incredibly knowledgeable about US taxation and year-end accounting. We’ve seen significant improvements in our financial accuracy and compliance. Highly recommended!"

Emma Johnson

UK

"Outsourcing our bookkeeping to Kloud Accounting has saved us time and money. Their attention to detail and quick turnaround on payroll tasks is impressive. We trust them completely with our financial records."

Ahmed Al-Tamimi

UAE

"Kloud Accounting offers exceptional service for all our accounting needs. Their expertise in UAE and international regulations ensures that we stay compliant and well-informed. A reliable partner for our growing business!"

Sarah Brown

USA

"As a small business owner, I struggled with US taxation and payroll complexities. Kloud Accounting made it so simple! Their team is always available for support, and I’ve never been more confident in my accounting."

Oliver Davies

UK

"The year-end accounting process used to be stressful, but Kloud Accounting has changed that for us. Their thorough approach and deep knowledge of UK tax laws have been a game changer. Thank you for your excellent work!"

Aisha Khalid

UAE

"Kloud Accounting has been a true asset for our company. Their bookkeeping and payroll services are efficient, and their expertise in both UAE and international tax laws makes them a trusted partner for us."

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KLOUDAC Global Outsourcing LLP
281 Brij Vihar Jagatpura,
Jaipur-302017,
Rajasthan India

hello@kloudaccounting.com

Max Master Management Consultancy
Office-109 Sheikha Noora tower, Barsha Heights, Dubai, United Arab Emirates

+971 50 240 8471 hello@kloudaccounting.com

Kloud Accounting Ltd.
Suite 10 Capital House,
61 Amhurst Road,
London, UK

hello@kloudaccounting.com

Kloud Accounting Ltd.
99 Wall Street Suite,
1079 New York, 10005,
NY, USA

+1 (844) 625-1899 hello@kloudaccounting.com

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