Shopify sellers
Specialist
Shopify accountants.
Shopify pays out net of fees, refunds and app charges, so the deposit never matches the sales. We reconcile it properly and report what the store actually earns.
- Payouts reconciled to the penny
- Margin by SKU and by channel
- Fixed quote, agreed before we start
Prefer to talk? 0121 753 5522
Book a free consultation, and we’ll provide a personalised approach to your finances
- No obligation
- Same working day reply
- Kept private
What we do for Shopify sellers.
Bookkeeping
Shopify sales, Shopify Payments fees, app subscriptions, refunds and payouts reconciled against the bank.
Tax planning
The tax position at each stage of growth, from sole trader through to a company with directors drawing from it.
Inventory
Stock levels, landed cost and margin by SKU, so you can see which products are earning.
Reporting
Monthly and quarterly packs covering profitability, margin and trend, built around your channels.
What is included.
Annual accounts and corporation tax
Prepared, agreed with you and filed at Companies House and HMRC.
Tax planning
Done in advance of the year end, while it can still change the outcome.
UK VAT
Returns prepared and filed, including the marketplace and overseas position.
Shopify bookkeeping
Reconciled to the platform and the bank each month through a connected system.
Director and shareholder tax
Salary, dividends and the personal return, planned alongside the company position.
Payroll
Run end to end, from starters and leavers through RTI, pensions and year end.
Making Tax Digital
Digital records and quarterly reporting set up and run for you.
Platform reconciliation
Bank, platform and ledger agreed, so the three match at month end.
How it works from here.
Get in touch
A free consultation with the business development team, with a fixed written quote afterwards.
Onboarding
We handle the professional clearance and handover from your current accountant, and pick up the records.
Compliance review
We check what is registered, what is filed and which schemes you are in, and correct anything that is out of place.
Analysis
A meeting on what the figures are showing, with recommendations attached.
Ongoing
Accounts prepared and filed, and the numbers reviewed through the year, not once at the end of it.
Reviews
What people say on Google.
Before Onyx we didn’t really have a clue where we stood from one day to the next. They helped us take financial control of the business — and gave us real insight into running it better.
Diligent, fast to respond, and they go the extra mile. They made us fully compliant and fixed errors I didn’t know were there. A very positive move from my previous accountants.
Eight years in, they still go well beyond compliance — strategic advice, quick answers, and a genuine eye on opportunities that benefit us.
Questions we get asked.
How do you reconcile Shopify payouts?
Gross sales, fees, refunds and adjustments are reconciled back to the settlement, and the settlement back to the bank. It is done through software that connects to the platform, which is the only way it stays accurate at volume.
Do I need to register for VAT in other countries?
Possibly. Holding stock in another country usually triggers a registration there whatever your turnover, and selling to consumers across borders brings its own rules. We will establish the position before it becomes a correction.
Can you take over from my current accountant?
Yes. We handle the professional clearance and the handover, and we check the opening position instead of assuming it. Most sellers move at a quiet point in their trading year, though there is no need to wait for one.
Contact us now for a free, no-obligation consultation.
No obligation, and a fixed written quote before you commit to anything.