E-commerce & Shopify Accounting - Ontario
Specialized accounting for Shopify and online retailers - sales tax, inventory, and platform reconciliation.
Selling online generates a flood of data and a tangle of sales-tax obligations. Payouts from Shopify, Stripe, and PayPal arrive net of fees and refunds, inventory moves constantly, and the moment you sell across provinces or borders, the tax questions multiply.
SHARP & Associates provides specialized accounting for Shopify and online retailers across Ontario, reconciling your platforms cleanly and keeping your Canadian HST/GST correct.
Common Challenges We Solve
Net payouts hide the truth
Platform deposits net of fees, refunds, and chargebacks obscure real revenue and cost. We reconcile gross to net so your numbers are accurate.
Multi-jurisdiction tax
Selling into other provinces or the U.S. changes your sales-tax obligations. We make sure you collect and remit correctly everywhere you sell.
How SHARP & Associates helps
We reconcile every platform back to your books, track inventory and COGS, handle returns and chargebacks properly, and keep your multi-province and Canadian HST/GST compliant - then plan year-end corporate tax.
Reconciling the platforms, not guessing at them
E-commerce accounting lives or dies on reconciliation. Shopify payouts arrive net of fees, Stripe and PayPal each settle on their own schedule, and Amazon statements bundle sales, refunds, and charges together. Left unreconciled, none of it ties back to your bank, and your real margin is anyone's guess. We connect the platforms to clean books so your numbers reflect what actually happened.
Schedule a CallFor a product business, gross margin is the number that matters, and it depends on tracking inventory and cost of goods sold accurately - including landed costs, shipping, and platform fees. We set up your books so you can see true margin by getting these right, rather than discovering at year-end that the business was less profitable than the top line suggested.
Selling beyond Ontario raises real questions about where and when you owe sales tax. We help you understand your HST/GST obligations as you grow into new provinces and channels, so expansion does not quietly create a compliance problem.
It is striking how many e-commerce owners can recite their monthly sales but not their actual profit. Between platform fees, payment processing, shipping, returns, and the real landed cost of goods, the gap between top-line revenue and what you keep is large - and easy to lose track of. We build your books so that true margin, by product and by channel, is visible. That is the number that tells you which products to push, which to drop, and whether a discount is actually working.
Selling online means selling across borders, and that raises real questions about where and when you owe sales tax. As you grow into new provinces and channels, the obligations multiply quietly until they become a problem. We help you stay ahead of your HST/GST position so expansion is a growth story rather than a compliance surprise.
The foundation under all of it is clean reconciliation - Shopify, Stripe, PayPal, and Amazon payouts matched back to the bank so nothing is double-counted or missed. We keep that tight, which is what makes every other number you rely on trustworthy.
Related Services
E-commerce & Shopify Questions, Answered
If your question is not covered here, we are one call away.
Ask Us AnythingYes. We reconcile platform payouts (net of fees, refunds, and chargebacks) back to gross revenue and your books.
Often yes, and the rate can differ by province. We set up multi-province HST collection and remittance correctly.
Cross-border sales can create additional obligations. We assess your exposure and keep your filings compliant.
Yes. The initial call is free and has no obligation.
Schedule a Call
Call (905) 491-7043 or email info@sharppc.ca to schedule a call. We will review your current situation, explain our approach, and confirm the right next step before any work begins.
Let's Connect
The first call is free and there is no obligation - we will review your situation, explain our approach, and confirm the right next step before any work begins.
