Industry
Accounting for Startups & eCommerce Businesses
Get your tax and BAS right from the start, with Shopify, Stripe and PayPal payouts matched to your bank and a clear view of what each product earns.
What we see
Common accounting issues
- Platforms pay out one lump sum after fees and refunds, so the deposit in the bank does not match the sales the store reports.
- Margins can look healthy until platform fees, shipping and returns come out.
- Founders need to know how long their cash will last, and investors ask for the numbers behind it.
Our work
What we handle
- Tax and BAS We prepare and lodge your BAS and the annual tax return for the business. See the Tax & Compliance Services page
- Store and payment integrations Shopify, WooCommerce, Stripe and PayPal connected to your accounting software, with sales, fees and refunds recorded separately.
- Payout reconciliations Each payout traced back to the sales, fees and refunds behind it, then matched to the deposit in your bank. See the Bookkeeping & Payroll for Businesses page
- Product margins Cost of goods, platform fees and shipping set against sales, so you see profit by product or channel.
- Cash and runway forecasts A forecast of burn rate, cash position and runway that we update as your plans change. See the Business Advisory & Financial Reporting page
- Investor reporting The reports, KPIs and forecasts investors usually ask for, prepared from your books.
Why OziDesktop
Why work with us
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We are a Xero Gold Partner and connect Xero to Shopify, WooCommerce, Stripe and PayPal.
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The team that matches your payouts also prepares the forecasts, which start from your real sales and costs.
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We work remotely with businesses across Australia.
How it works
Discovery call
We learn about your business model, sales channels and systems, and where you want to take the business.
Systems set-up
We connect your platforms to your accounting software, tidy past records and set a routine for matching payouts.
Ongoing reporting
We do the bookkeeping and report on margins, cash and runway each month or quarter.
What we need from you
- Access to your accounting software, ideally Xero
- Access to your sales platforms and payment providers, such as Shopify, WooCommerce, Stripe or PayPal
- Inventory records or access to your inventory system
- Bank and card statements or feeds
- Any existing forecasts, budgets or investor reports
- Details of funding received and your plans for the next year
FAQs
Common questions
Can you reconcile Shopify, Stripe and PayPal to our bank account?
Yes. We match payouts from Shopify, WooCommerce, Stripe, PayPal and similar platforms to your bank and record the sales, fees and refunds behind each one.
How do we know how much runway we have?
We forecast it from your actual numbers. The forecast shows your burn rate and cash position, and we update it as your plans change.
Can you help us get ready for a funding round?
We can prepare the financial side: the reports, KPIs and forecasts investors usually expect. Whether and on what terms you raise funds is up to you and your investors.
Can you show us which product lines make money?
Yes, through margin reporting. We track cost of goods, platform fees and shipping against sales and show profit by product or channel.
Need something outside this scope?
Every business is different. If you need additional accounting, bookkeeping, advisory or specialist work, we'll explain what's required and agree the scope with you before proceeding.
Talk to an accountant about your business
- Fixed fees, agreed upfront
- We contact your old accountant
- Free discovery call