Accountants for Dropshipping Businesses:
Work with accountants who understands your business. We know the dropshipping model inside and out. See how we can help your dropshipping business today.
What is dropshipping?
Dropshipping is a retail fulfillment method where a store doesn’t keep the products it sells in stock. Instead, when a store sells a product using the dropshipping model, it purchases the item from a third party and has it shipped directly to the customer. As a result, the seller doesn’t have to handle the product directly.
The biggest difference between dropshipping and the standard retail model is that the selling merchant doesn’t stock or own inventory. Instead, the seller purchases inventory as needed from a third party—usually a wholesaler or manufacturer—to fulfill orders.
We have been working with some of the most successful dropshippers in and outside of the UK for a number of years on escrow platforms such as Fiverr.
- We work with sellers operating a broad range of dropshipping models.
- We understand the compliance and in particular VAT implications for the various models that apply.
“We are an ecommerce business selling across several platforms and they take care of our accounting, bookkeeping & VAT.
Their knowledge of the intricacies of the ecommerce world as well as their service have been outstanding and we can only highly recommend them.” – Dropshipping client.
|VAT for dropshippers
|Are you using AliExpress or Walmart to ship directly to consumers through your Shopify store?So are many of our existing clients and we have the expertise and experience to managed your books for you. We understand the Shopify dropshipping model and will accurately account for your business income and associated costs
|We have spent countless hours working inside Seller Central for FBA dropshippers.We managed your transactional inputs from Amazon seller central into your books and reconcile your sales to the specific charges by Amazon.See how we can help your business today.
|Many accountants incorrectly inform their clients that VAT applies to their dropshipping supplies to end customers.This is incorrect.Without examining the source of product rules or incorrectly interpreting the source rules, affecting the bottom line.
VAT for Dropshippers
One of the most important areas of compliance when it comes to dropshipping is VAT. Many accountants wrongly inform their clients that they need to account for VAT on their dropshipping supplies, when in fact, they do not.