Whether you use it as a savvy side hustle or your full-time income, Shopify can open up many opportunities. Our Shopify accounting services help you unlock your full potential.
Welcome to Archimedia, specialist Shopify accountants
If you’re running a Shopify store and find the financial side of things a bit overwhelming, you’re in the right place. At Archimedia, we’re a family-run accountancy firm based in Nottingham, helping entrepreneurs and small businesses like yours grow and thrive.
We have many years of traditional accounting experience. However, with businesses now moving to a more digital way of working, we consistently stay updated on the latest digital trends and accounting technology. We specialise in eCommerce accounting for Amazon sellers, dropshippers and Shopify store owners.
If you’re looking to build your own online business from the ground up, then get in touch today.
What is Shopify?
Shopify is an all-in-one eCommerce platform that allows entrepreneurs to start their own online stores. It’s great for those just starting out, as far fewer costs and labour are involved than a traditional brick-and-mortar store.
With an easy-to-use interface and access to handy online business tools, Shopify businesses can effortlessly manage their sales, inventory and customer interactions.
How can Shopify eCommerce businesses benefit from an accountant?
Running a Shopify business takes more than just listing products and making sales. There’s also the financial side of things to consider—inventory and cash flow management, sales tax obligations, and a whole lot more. But with a specialist Shopify accountant by your side, the day-to-day tasks become much simpler.
Our Shopify accountants take the stress out of managing your eCommerce finances. By smoothing out your financial processes, keeping your books up to date, and offering expert financial and business advice, we keep your business compliant and moving in the right direction.
With the weight of accounting and bookkeeping off your shoulders, you can focus on making informed business decisions and looking for new growth opportunities.
Our eCommerce accounting services for Shopify businesses
At Archimedia, we have a range of Shopify accounting services specifically tailored to online businesses. Let us take care of your eCommerce business finances while you focus on the important stuff – growing your Shopify store!
Integration of accounting software for Shopify
Did you know you can use software to speed up your accounting processes? We’ll help you effortlessly integrate the most reliable accounting software tailored specifically to your Shopify store. This is one of the very first steps of our service, and it ensures more efficiency and accuracy with your financial data.
Xero with Shopify
At Archimedia, we are proud Xero partners. We’ll make the switch to cloud accounting software easy by setting up and syncing Xero with your Shopify store. You’ll have instant access to real-time sales updates, you’ll be able to easily track inventory, and your financial data will be safe and secure. With Xero doing all the hard work and automating accounting processes, you’ll have more time to focus on running your Shopify business.
Bookkeeping services
We make sure your Shopify business starts off on the right foot by taking care of the fundamentals like bookkeeping. Our bookkeeping services focus on recording every transaction, from sales and returns to expenses and payments. We’ll make sure the details are carefully documented to lay the foundations for all other accounting tasks and financial reporting.
Cash flow management
We’ll help you understand where your money is going so you can plan for any future expenses of running an online store. Our cash flow services provide you with insights into your sales data and spending patterns and expert advice to help you make smarter business decisions.
Whether you’re looking to purchase more stock or invest in other areas of eCommerce, we’ll ensure you have the funds you need to keep your business running.
Tax compliance
Tax compliance is a crucial part of any business, but HMRC is specifically cracking down on online sellers. While this can be a concern for some, our specialist Shopify accountants know exactly how to turn your tax obligations into an opportunity to save some hard-earned money.
We provide regular tax planning sessions to ensure you’re staying on top of deadlines and that your tax strategies are working for you. We’ll identify the best tax saving opportunities for you to save money by making the most of your allowable deductions and finding tax reliefs specific to your niche.
Inventory management and tracking
Having the right products and the right amount of stock will keep your customers happy and your profits soaring. We’ll help you maintain a healthy cash flow by making sure you have enough inventory ready to ship when needed without hassle. We’ll make sure your inventory management systems are robust and accurate so you can easily keep track of your stock levels.
Why choose Archimedia as your Shopify accountant?
We’re more than just accountants. We’re also savvy business people, and we know exactly what it takes to run a successful enterprise. That’s what makes our work so unique. At Archimedia, we combine our accounting talent with our business expertise so you can get the full service.
As a family-run business, we are keen to make your business work for you and your family. Building relationships is what we’re good at and is how we learn what makes your business tick. We’ll get to know you and your financial goals and use them to create a well-rounded strategy to help you meet them. With regular tax planning sessions and business advisory from our co-founders, Barbara and Chris, we’ll make sure your Shopify business is set up and working in the most financially beneficial way.
Our Shopify accountants will take care of everything from seamless cloud accounting integration to tax compliance and advice.
Want to get started today? Contact Archimdia, and let’s discuss how we can transform your Shopify store into a thriving business.
Frequently asked questions about Shopify accountants
What Shopify accounting integrations are there?
Quite a few accounting software options can be integrated with the Shopify platform, including Xero, QuickBooks and Zoho Books. We work with Xero, one of the top accounting software for growing businesses. We use Link My Books to integrate Shopify to Xero.
Does Shopify have its own accounting software?
Shopify doesn’t have its own accounting software, but when you work with us, you’ll have access to a seamless integration with some of the top accounting software on the market. We make the switch to cloud accounting so much easier.
