LogoOsome
  1. Osome SG
  2. Accounting
  3. Ecommerce

Time-saving ecommerce accounting

It's time to leave traditional accounting behind. Our software integrates with multiple ecommerce platforms to keep your bookkeeping accurate. Choose Osome for ecommerce accounting services, tax filings, and reporting.

<i>Time-saving</i>ecommerce accounting
Why Osome

Automated financial management solutions for online sellers

Real-time sales insights

Real-time sales insights

Our API automatically synchronises with ecommerce data from your marketplace into Osome Accounting. You'll always know how your online sales are doing.

Integrate your online sales platforms

Integrate your online sales platforms

Say goodbye to platform hopping for sales insights. We process platform fees, discounts, returns, and gift cards with Lazada, Shopee, Amazon, Shopify, and eBay connections. We also support payment gateway with PayPal and Stripe.

Content image
Accountants that know ecommerce

Accountants that know ecommerce

We handle processing sales platform fees, discounts, refunds and gift cards. Always be clear on your commission — our accountants will help you with GST and the relevant marketplace calculations.

Got questions? Chat with our local experts

Let us know the best time to chat with our accounting experts so you get the answers you need to take the next step.

Got questions? Chat&nbsp;with&nbsp;our local experts
Simple software

Simple software to manage all your business operations

Know what makes you money
1/6

Know what makes you money

Review revenue and costs at the channel, SKU or country level for cross-border sellers.

Restock what sells
2/6

Restock what sells

Know the best performing SKUs so you can order them before they run out.

Get paid quicker
3/6

Get paid quicker

Issue invoices, nudge late payers and get paid faster. Pre-filled fields in the template means there's no more need for manual data entry whenever you need to issue an invoice.

Know your cash flow
4/6

Know your cash flow

See all your business bank account transactions in one place to see how your money is moving.

From bookkeeping to filing tax
5/6

From bookkeeping to filing tax

We process documents within 24 hours, giving you an up-to-date snapshot of your financials. Come filing time, we'll sort the reports; you just need to click ‘approve’.

Your very own, reliable accountant
6/6

Your very own, reliable accountant

Talk to your accountant via live chat, ask questions and get answers within 24 hours.

Who we help

For novice and established digital business people

  • Dropshippers

    Dropshippers

    Make the most of your margins and grow into a bigger ecommerce business. All with the help of our experts.

  • Own and grow your brand

    Own and grow your brand

    Whether you work from your garage or renting out your first office, our services scale as and when you need them.

  • White-label sellers

    White-label sellers

    Focus on growing your products and revenue sources. We’ll handle the taxes, filing and financial back end.

Pricing

Plans to fit your business

Our packages are tailored to your business stage and annual revenue. Customise your package with add-ons to suit your needs as you grow.
Annual revenue

Operate

If you want to nail your first year of business and stay compliant

S$68/mS$816 billed annually, per financial yearGet this plan
  • Financial software
    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Reimburse expenses
    • Connect your banks
    • Use multiple currencies
    • Get real-time ecommerce sales reports
    • Connect one marketplace
  • Bookkeeping
    • Unlimited bookkeeping
    • Automatic reconciliations
  • Expert service
    • Filing and bookkeeping support via in-app chat
    • Support SLA 6 business hours
    • Annual management reports reviewed by accountant
  • Tax and filings
    • Estimated Chargeable Income (ECI) filing
    • Unaudited Financial Statements preparation
    • Annual tax return filing (C-S/C)
  • Optional add-ons
    • Planning and optimisation advice via videoS$200/h
    • Historical accountingS$576/y
What's included?

Grow

For those growing a team and needing payroll and employee services

S$90/mS$1,080 billed annually, per financial yearGet this plan
  • Financial software
    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Reimburse expenses
    • Connect your banks
    • Use multiple currencies
    • Get real-time ecommerce sales reports
    • Connect unlimited marketplaces
  • Bookkeeping
    • Unlimited bookkeeping
    • Automatic reconciliations
  • Expert service
    • Filing and bookkeeping support via in-app chat
    • Support SLA 6 business hours
    • Quarterly management reports reviewed by accountant
    • Planning and optimisation advice via video, one hour per quarter
    • Dedicated accountant
  • Tax and filings
    • Estimated Chargeable Income (ECI) filing
    • Unaudited Financial Statements preparation
    • Annual tax return filing (C-S/C)
  • Optional add-ons
    • GST registrationS$300
    • GST return filingS$1,200/y
    • Payroll services, per employeeS$350/y
    • Personal Income TaxS$150
    • Historical accountingS$1,080/y
What's included?

Scale

For founders wanting a financial co-pilot and strategic accounting support

S$207/mS$2,480 billed annuall, per financial yearyGet this plan
  • Financial software
    • Create, send, and chase invoices
    • Capture bills and receipts easily
    • Reimburse expenses
    • Connect your banks
    • Use multiple currencies
    • Get real-time ecommerce sales reports
    • Connect unlimited marketplaces
  • Bookkeeping
    • Unlimited bookkeeping
    • Automatic reconciliations
  • Expert service
    • Filing and bookkeeping support via in-app chat
    • Support SLA 6 business hours
    • Monthly management reports reviewed by accountant
    • Planning and optimisation advice via video, unlimited
    • Dedicated accountant
  • Tax and filings
    • Estimated Chargeable Income (ECI) filing
    • Unaudited Financial Statements preparation
    • Annual tax return filing (C-S/C)
    • GST registration
    • GST return filing
  • Optional add-ons
    • Payroll services, per employeeS$350/y
    • Personal Income TaxS$150
    • Historical accountingS$2,480/y
What's included?

Add-ons you might need

  • Full XBRL filing

    S$ 500/y

    Osome will provide a Full XBRL report including primary statements and selected notes to the financial statements. This comprehensive report represents a company’s financial performance and position.

  • Simplified XBRL filing

    S$ 300/y

    The Simplified XBRL template caters to smaller businesses and non-publicly traded companies in Singapore. It provides a simple report and a complete set of financial statements in PDF format.

  • Urgency filing

    from S$ 200

    Where applicable, an urgency fee may be applied depending on your filing deadline. The final price would depend on your AGM timing.

  • Consolidation

    from S$ 1,000/y

    Consolidation is required when a company holds more than 50% of shares in another company. This makes them a holding company. Consolidated Accounts will need to be provided for the group of Companies.

Testimonials

What our clients think about Osome services

Customer stories
“I use Osome to help me succeed”
Felix Lee, ADPList
“I use Osome to help me succeed”
Facts & numbers

91 %of customers recommend Osome services

Review

“The onboarding was seamless, and everything was up and running within a day. I highly recommend them for their service and efficiency.”

Luigi Carecci

Switching to Osome is simple

We will liaise directly with your previous accountant to get all the information required, and migrate your accounting software subscription and data all in one go. Your transition to Osome is effortless.

Switching to Osome is&nbsp;simple

FAQ

  • What is ecommerce accounting?

    The definition of ecommerce accounting is reporting your ecommerce business financials to the government. As an online vendor, you move products in and out, manage stock, and sell to customers in different countries via different channels. So, there are several things your ecommerce accounting includes:

    • Bookkeeping, which lists every transaction. For example, when you accept products to your storage, sell on Amazon, or have to accept a return on a pair of shoes on eBay. Bookkeeping keeps track of every money or asset movement and provides a document covering every event.
    • Management reports gather all the sales data and try to make sense of it. For example, how much of each product you sell, the costs of operating every channel, and where you make money.
    • Tax filing and statutory reports. These depend on where you sell; each government has a different tax system. Tax reports constitute a very detailed recount of every transaction and the categories they fall under. Depending on the categories, different types of tax are derived. An experienced accountant can also help ensure you get the benefits and exemptions available to your business under each tax code.
  • How do I start an ecommerce business account?

    When reconciling accounting for ecommerce sales you need to make sure that you have all your needs covered.

    • All your channels. Do you sell via different platforms? You need a way to consolidate reports from various sources.
    • All your tax jurisdictions. Do you sell in more than one country? You need to report for VAT everywhere you make money.
    • No manual paperwork. Processing invoices and receipts is tiresome, and you probably have better ways to spend your time than that.
  • How do I record online sales on Amazon?

    The best way to track online sales on Amazon is to connect directly to a bookkeeping software. We use our own software: we connect the feed automatically and switch you seamlessly. After that, any time you receive a statement from Amazon, it will automatically appear in our system, where we take it, sort it into categories, tag, and deliver up-to-date financials daily.

  • Which accounting software and bookkeeping software do you use?

    We've developed proprietary software that you can access from your desktop or a mobile app. This software provides daily updates of your balance from all linked bank accounts, your pending invoices, and lists documents that need to be uploaded. Additionally, we provide swift responses to queries via chat, keep track of important deadlines, and reconcile daily transactions.

  • Can I transition from another accounting firm to Osome?

    Absolutely. We make the transition seamless on your end. We’ll get in touch directly with your current accounting service provider, take over all your financial documents, and audit them to make sure your company is compliant. We check for any loose ends with HMRC, organise historical data, and then prepare and file necessary reports. We offer up ongoing advice about relevant tax exemptions, helping you be smarter with your taxes. Now that your accounting is in good hands, you can focus on what you do best: running your business.

Ask your question
Resources

Fresh insights from our business blog

Money TalkRead

A Complete Guide to Ecommerce Accounting

If you’re an online seller looking for help, we’ve got you covered. Here’s your guide to ecommerce accounting, why it’s essential and the basics you need to know to get started. Working through these points will help you decide how much help, if any, you need.

A Complete Guide to Ecommerce Accounting
Better BusinessRead

Fiscal Year: What Is It and Why Does It Matter?

In Singapore, companies have the flexibility to select their fiscal year-end based on their business needs. It can align with the calendar year, financial quarter-ends, incorporation anniversary, seasonal cycles, or business cycles. Find out more in this article written by Osome experts.

Fiscal Year: What Is It and Why Does It Matter?
Money TalkRead

How a Revenue-Based Accounting Plan Can Help You Grow

A revenue-based accounting plan offers businesses in their first year of business a flexible approach to financial management and an opportunity to grow their revenues. Learn more about how this strategy can benefit your business.

How a Revenue-Based Accounting Plan Can Help You Grow
Explore

Get expert tips and business insights

By clicking, you agree to our Terms & Conditions, Privacy and Data Protection Policy

We’re using cookies! What does it mean?