MS Finance Services is a Leading Global MS Finance Services & Accounting, Tax platform for a seller. We have a vision against manipulation & window dressing accounting. We always wish more profit goes to Business through proper accounting ,let’s read below concept for reconciliation e-commerce business.
MS Finance Services is a Leading Global MS Finance Services & Accounting, Tax platform for a seller.
Each & Every Business Organization wants to grow its sale on a rapid ratio, at this point of view it fails to understand, reconcile/Analysis his actual margin/actual received, the actual margin, receipt may vary a sector to sector , as per our knowledge E-commerce sector now facing a lot of discrepancy now a days for Actual receipt. As per my working at an analysis job: I found below mistakes the accounts section did for ecommerce sector.
At the time of sale | |||||||
Article name | sale as per Company | sp as per market place | Variation | GST paid @12% tax paid to Govt | Tax to be paid actual | Excess tax paid | Effects at the time of balance sheet final |
#1234-Dress | 1299 | 1199 | 100 | 140 | 128 | 12 | >>>>>for excess booking too |
At the time of receipt | ||||||||
Article name | sale as per Company | sp as per market place | Variation | Commission Percentage | Commission amount | Net payable by market place | Variation | Effects at the time of balance sheet final |
#1234-Dress | 1299 | 1199 | 100 | 33% | 395.67 | 803.33 | 100 | for excess booking too |
Tapas Behra
9818958912
7835845410
Finance Analyst E-commerce