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Accounting for ecommerce sellers

Accounting Entries 277 views 1 replies

Hi,  I am a new amazon seller. I am trying to maintain accounting on my own. Whenever a sale is made, we ship the product to customer. The invoice is generated from the amazon site on the specified date on the name of customer. So, how can I record this entry? Opening an entry on every customer name or can I simply make it in name of Amzon?  Please, explain it in simple terms. I don't know much about accounting. It will be a great help.

 

Replies (1)

Hello Sir,

You are dealing with Amason and receiving payment from amason and not to the customer, so you have to maintain amason account, i dont know whether you are registered under GST or not if you are registered person while filing returns you have to show it under e-commerce operation. while passing entry clearly mention the customer details (must maintain customer record for shipment clarification )    


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