Stress-free Accounting for your Shopify business
We help Shopify sellers get accounting off their chest with a service tailored to suit e-commerce businesses
- FA20170653
- Xero
Platinum Partner - Our accountants are certified by ISCA
- License No. 19S9930
- Pioneers of Cloud Community Network
Accounting solution tailored for Shopify sellers
We reconcile your Shopify store transactions
Easily connect Osome to your Shopify account: we add Xero and A2X, automatically upload financial statements, and convert them into books
We file taxes and track financials
We cover you on the must-haves: ECI, Form C / C-S and tax return. We also give you tools to improve performance: management reports and at a small monthly fee profitability by each SKU, category, and platform
All your platforms accounting in one place
Do you sell on Amazon, Qoo10, Lazada, Shopee or else? Get your bookkeeping, reporting, and taxes covered on all of them.
Here’s how Osome makes accounting stress-free for your Shopify shop
Your personal accountant
You get a Chartered Accountant dedicated to your company, who tracks deadlines, lets you know which tax exemptions you can receive, prepares & checks your reports
Zero paperwork
Bookkeeping is automated with Xero and A2X, you can sign the reports electronically, and we submit them to the government online
Work on the go
Access Osome easily on the go to review numbers, confirm reports and get answers fast in a chat
Get StartedCheck our accounting services for other e-commerce platforms in Singapore:
Accounting for Amazon
Accounting for Lazada
Accounting for Zalora
Accounting for Shopee
Accounting for Qoo10
Accounting for Ebay
Accounting for Magento
Accounting for Stripe
- ... and more
Let us know which platform you use — we’ll figure it out
Accounting plans that match
the size of your business
You don’t measure your business by the number of transactions, so neither do we. Our accounting packages are tied to your revenues. Pick a monthly plan to receive regular financials, or an end-of-the-year catch-up accounting to submit neat reports. All our packages come as they are, no extra charges — simple and straightforward
I want to receive reports
What’s your average monthly ?
What’s your average yearly ?
Additional sales channel
S$25/m
Profitability report by sales group/channel
S$200
S$200/y
S$500
Unaudited Financial Statements
S$800
Consolidated Unaudited report
S$1,000
S$300
Payroll
from S$25/m
Our clients know best
89% of customers recommend us
7,500+ clients worldwide
Osome is reasonably priced and very convenient. I ended up signing my documents while I was on the metro!
Randeep Sudan
Multivertz Pte. Ltd.Everything was so seamless, it even looked like a fraud 😀 I didn’t have to go anywhere, I just use the web and mobile app to sign the docs.
Ivan Zeljkovic
Evans Media Pte. Ltd.I’m actually surprised they kept all their promises! I found Osome on Friday and on Monday morning everything was ready.
John Lim
Artac Pte. Ltd.Many accountants I reached out to either never responded or charged extortionate amounts of money. I joined Osome and I'm incredibly happy I did.
Pawel Wargan
freelancerThey use the Osome app to gently nudge me to send in paperwork, and they provide me with regular updates and reminders regarding finances and filing deadlines.
Dave Wallace
DW4DAYS Pte. Ltd.
Q&A
Does Shopify do accounting?
Shopify doesn’t provide accounting, so you’ll need someone else to do it. It doesn’t have to be you (in fact, it’s probably best that it isn’t). We can help you with Shopify accounting services that won’t require much of your time and cost reasonably.
The most important thing about Shopify dropshipping accounting (or any other type of Shopify business you’re in) is that every transaction is accounted for. A transaction is whenever money or assets go in or out. Every transaction should be tagged with relevant tax rate and matched to statements from your banks. Next steps is preparing reports. Some serve as tools to increase your performance : P&L, profitability, etc. Others have to be prepared and filed as per government’s request: Estimated Chargeable Income, Tax returns.
We upload Shopify sales, use A2X and Xero to convert them into books, and then develop reports. We submit government filings neatly and on time, so no nasty fines there.
Does XERO work with Shopify?
When doing accounting for Shopify, Xero is one of the best solutions. What Xero does is organises transactions, making sure that they are all correctly structured and tagged. You then need to reconcile them against your bank transactions so there are zero discrepancies between your sales numbers and bank balance. After that, reports are built. That’s why Xero accounting Shopify is an important part, but not an exhaustive solution.
How does Shopify tax work?
Shopify allows you to select a variety of tax rates that apply to your various products. However, they provide no assistance in terms of calculating or filing tax. There’s no advise on various exemptions and tax reliefs you might be eligible for. To prepare Shopify accounting reports required by the Singapore government, such as Estimated Chargeable Income, or Tax return, you’ll need an Accountant. To benefit from various local incentives and pay tax smartly, you need a tax adviser. Osome serves as both, developing and filing the necessary reports, making sure you receive the exemptions and checking on the changes and opportunities in the tax regulations.
What accounting software works with Shopify?
There are many great Shopify accounting software solutions that you can use. Some of the best ones are Xero and A2X: A2X categorises your transactions and sends them to Xero. Xero reconciles them to your bank transactions and turns them into books. At Osome, we provide Shopify accounting integration with both A2X and Xero. Our Chartered Accountants then take the books and prepare accounting reports: management report, tax returns, and profitability breakdowns.
