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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.

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Why Analysis & Reconciliation

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.

  • Sales Booked Not matched with channels (Market place) sale, & same organization is paying sales tax & vat for same, & booked a fake sale on its books off accounts, hence it would be liable to pay income tax more too.
  • Return management is another vital part for ecommerce sector to know net sale.
  • At the time of receipt it should match with booked sale, after that it can reconcile through receivable amount after deducting commission & other charges.
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

Brief Glance about “E-Commerce Reconciliation & Analysis

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Tapas Behra
9818958912
7835845410
Finance Analyst E-commerce