Retail & E-commerce
Accounting for retail businesses and online stores. GST compliance, inventory management, and e-commerce platform integration.
Retail & E-commerce Accounting
Comprehensive accounting services for retail businesses and online stores, ensuring compliance with ATO GST requirements for e-commerce.
GST Obligations for Retail and E-commerce
- Registration Threshold: GST registration is mandatory if turnover is $75,000+ per year
- GST Rate: 10% on most domestic sales of goods and services
- Online Sales: GST applies to all goods sold to Australian consumers, regardless of where the seller is located
- Electronic Distribution Platforms: If you sell through platforms like Amazon or eBay, the platform may be responsible for GST
- Imported Goods: GST applies to low-value imported goods (under $1,000) sold to Australian consumers
Our Retail & E-commerce Services
- Inventory Management: Stock valuation, cost of goods sold calculations, and inventory reporting
- Multi-Channel Sales: Reconcile sales across physical stores, websites, marketplaces, and social media
- Payment Gateway Reconciliation: Match Stripe, PayPal, Afterpay, and other payment processor transactions
- BAS Preparation: Quarterly BAS with accurate GST reporting across all sales channels
- Profitability Analysis: Product-level and channel-level margin analysis
- Cash Flow Management: Manage seasonal fluctuations and stock purchasing cycles
- Platform Integration: Connect Shopify, WooCommerce, Amazon, and other platforms to your accounting system
Key Considerations for Online Businesses
- Digital products and services have specific GST rules
- International shipping and customs duty implications
- Consumer law obligations for online retailers (ACL)
- Data privacy and cybersecurity compliance
- Drop-shipping and third-party fulfilment GST treatment
Source: ATO ??? GST for Online Sales