Online accounting services for entrepreneurs in the UK
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Online accounting services for entrepreneurs in the UK
from £145 a month

Accounting for e‍-‍commerce

We convert statements from e-commerce platforms into books, give you accounting services, tax filings, and profitability reports

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Learn what it takes
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Tired of dealing with accounting papers?

Each channel sends their own reports, each line is different category and VAT, each country has a different set of tax rules, and your accountant doesn’t want to deal with it.

Make it stop!
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We know how to read docs from any platform

We know how to read docs from any platform

We take Amazon, ebay, Stripe and any other statements, automatically convert them into books, and produce reports and tax returns

We show profitability of every line & channel

We show profitability of every line & channel

We consolidate numbers for each SKU, product group, and market, and show you where your money come from

We file tax in the countries where you sell

We file tax in the countries where you sell

We calculate and file VAT in the UK, Germany, European Union, Singapore, and Hong Kong. If you sell elsewhere, let us know, we’ll file there.

Here’s how Osome accounting works

  • You get a personal accountant

    You get a personal accountant

    A Chartered Accountant assigned to your company will track filing deadlines, suggest tax exemptions, and prepare reports

  • You see how much money you have

    You see how much money you have

    We collect data from your different banks and show today’s joint balance and its daily trend

  • Uploading invoices is easy

    Uploading invoices is easy

    Simply connect your e-commerce platform and we’ll upload the docs automatically

  • We organise docs ourselves

    We organise docs ourselves

    We go through docs and transactions, match them, tag accounts, and report what’s missing. Everyday.

  • You can always get help and advice

    You can always get help and advice

    We answer fast online, even late at night and on weekends — when you have a minute to talk about accounting

  • You see books that are always up-to-date

    You see books that are always up-to-date

    We reconcile daily, so you can see the real state of affairs today, not at the end of the month

  • You see actual list of all unpaid invoices

    You see actual list of all unpaid invoices

    We show daily updates on the invoices you need to pay, the ones due to you, and their totals

Choose the plan that works for you

Our accounting packages come as they are, no extra charges — simple and straightforward. If you pay upfront for the whole year, 2 months are free.

E-commerce Accounting package

Basic package covers 1 channel and UK VAT filing. Add platforms and countries as you need

Basic package

  • Personal Accountant & Bookkeeper
  • Merchant fees separation
  • Daily bookkeeping
  • Monthly management reports
  • UK VAT returns
  • End-of year accounts, tax return and confirmation statement

Add-ons

  • Additional sales channel £20/m each
  • Foreign VAT filing from £50/m
  • Multicurrency accounting £30/m
  • Profitability report by product groups and channels from £150/m

Starter

turnover under £25k a month

£145 /m VAT

Booming

turnover under £50k a month

£245 /m VAT

Rocking

turnover under £100k a month

£345 /m VAT

Your financial data protected

Your financial data protected

We set up a direct connection with Xero and your bank to exchange your data securely. All your documents will always be in one place protected with bank-level encryption

See Osome in action —  schedule a free demo

See Osome in action — schedule a free demo

Book a free demo

Stats

89% Customers
recomend us

3,300+ Clients all over
the world

4.3/5 Rate us on
facebook

Xero platinum partner

Reviews

  • I love the app, it's so easy to use and means I can talk to them at any time, day or night!

    Harriette Foulkes-Arnold

    Harriette Foulkes-Arnold
    We are Contented Ltd.

  • Osome is reasonably priced and very convenient. I ended up signing my documents while I was on the tube!

    Randeep Sudan

    Randeep Sudan
    Multivertz 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

    Pawel Wargan
    freelancer

  • I set up a business and was getting bogged down in the admin. Osome has taken this all away from me. Osome is Awesome!

    Dave Wallace

    Dave Wallace
    DW4DAYS Ltd.

  • Everything was so seamless, it even looked like a fraud :) I didn’t have to go anywhere, I just use web or mobile app to sign the docs!

    Ivan Zeljkovic

    Ivan Zeljkovic
    Evans Media Ltd.

  • I’m actually surprised they kept all their promises! I found Osome on Friday and on Monday morning everything was ready. It was fantastic!

    John Lim

    John Lim
    Artac Ltd.

4.9 out of 17 reviews

Try us Rate us

Q&A

  • What is e-commerce accounting?

    The definition of e-commerce accounting is reporting about your e-commerce 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 e-commerce accounting includes:

    • Bookkeeping, which lists every transaction. For example, when you accept products to your storage, or sell on Amazon, or have to accept back a pair of shoes on ebay. Bookkeeping keeps track of every money or asset movement, and provides a document covering every such event.
    • Management reports, which gather all the sales data and try to make sense of it. For example, how much of each product you sold, what are the costs of operating every channel, and where do you actually make money.
    • Tax filing & statutory reports. These depend on where you sell, for 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 make sure you get the benefits and exemptions available to your business under each specific tax code.
  • How do I start an e-commerce business account?

    When organising 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 sales in Shopify Xero?

    Xero is a bookkeeping software we use. If you operate it yourself you‘ll have to manually go to Xero, choose ‘Accounts’ tab and press ‘reconcile’ each time. We connect your Shopfiy (Amazon, ebay, you name it) account directly and upload data every 24 hours. By the way, Osome is Xero’s platinum partner.

  • 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 Xero, there’s also Quickbooks, Sage and others. We connect the feed automatically and switch you to Xero seamlessly if needed. After that, any time you receive a statement from Amazon, it will automatically appear in Xero, where we take it, sort it into categories, tag, and deliver up-to-date financials daily.

Get an expert to answer within minutes

Get an expert to answer within minutes

Our experts respond even late at night and on weekends — you can talk to us when it works best for you

Get an expert to answer within minutes
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