Bookkeeping for E-Commerce Businesses
Shopify and Amazon payout reconciliation, multi-province HST filing, landed cost inventory tracking, returns accounting, and T2 corporate tax — for Canadian e-commerce businesses selling on any platform.
Last updated: March 2026
Why E-Commerce Needs Specialists
Platforms Report Revenue — Not Profit
Multi-province tax rules, platform payout reconciliation, inventory costing, and returns tracking make e-commerce bookkeeping uniquely complex.
Multi-Province HST Rules
Selling to customers in different provinces means charging different tax rates (or no tax at all). Getting this wrong creates liability in every province where you have a nexus.
Inventory Costing
COGS must reflect the actual cost of goods sold — including landed cost, shipping, and duties. Platforms like Shopify and Amazon report revenue, not profit.
Returns and Refund Reconciliation
Returns affect revenue, COGS, and HST simultaneously. Without proper reconciliation, your books overstate both sales and tax owing.
Platform Fee Reconciliation
Shopify, Amazon, and other platforms deduct fees, payment processing, and ad costs before remitting. What hits your bank is not your gross revenue.
Our Services
What Taxxel Handles for E-Commerce
Shopify & Amazon Reconciliation
Reconciling platform payouts, fees, refunds, and chargebacks to your actual bank deposits — every month.
Multi-Province HST Filing
Correct HST/GST/PST/QST application by customer province, and filing in each jurisdiction where you are registered.
Inventory Cost Tracking
COGS calculated using landed cost (purchase price + duties + shipping) — not just what you paid the supplier.
Returns & Refund Accounting
Returns reversed against revenue, COGS, and sales tax simultaneously so your books remain accurate.
Ad Spend Categorization
Meta, Google, TikTok, and Amazon ad costs properly expensed — with HST/GST ITC recovery where applicable.
Monthly P&L by Channel
Revenue, COGS, fees, and contribution margin broken down by Shopify, Amazon, Etsy, or any other sales channel.
T2 Corporate Tax Return
Annual T2 for your e-commerce corporation — including inventory write-offs, CCA on equipment, and home office deductions.
Duty & Import Cost Tracking
All landed costs (CBSA duties, brokerage fees, shipping) allocated to inventory cost — not expensed incorrectly.
Complete Package
What's Included
- Monthly bookkeeping and bank reconciliation
- Shopify, Amazon, Etsy, or WooCommerce payout reconciliation
- Multi-province HST/GST/PST/QST filing
- Inventory COGS calculation with landed cost
- Returns and refund reversal accounting
- Platform and payment processing fee categorization
- Ad spend tracking and ITC recovery
- Monthly P&L by sales channel
- Accounts payable to suppliers
- Annual T2 corporate tax return
- Year-end inventory count reconciliation
- CRA correspondence management
Pricing
From $100/month
Flat monthly rate based on order volume and channels. No hourly billing — predictable costs every month.
Get a Custom QuoteAll Platforms Supported
Shopify, Amazon, Etsy, WooCommerce, TikTok Shop, and direct DTC — we reconcile every channel and file every required tax return.
FAQ
Frequently Asked Questions
Ready to Get Started?
Get in touch today — we are here to help with your tax and bookkeeping needs.
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