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Accounting for E-commerce Businesses in Latvia

We understand your business: Services tailored for Amazon, Shopify, Etsy and other ecommerce sellers.

Accountants with deep knowledge of e-commerce in Europe.

We have years of first hand experience in the e-commerce industry which is why we understand the unique challenges of running and providing accounting services to e-commerce businesses in Latvian and Europe.

Experience

Solutions

We automate transaction processing, data export & import processes, run separate trading accounts for each of your platforms, help clients register OSS VAT, prepared solutions for all the main sales channels, business models, warehouse and account setups.

We have clients that use 3PL warehouses and have multiple VAT registrations across different EU countries, for example: Amazon FBA sellers with PAN-EU account setup.

Our clients save over 50% on accounting fees (yes, really).

We've developed solutions for various e-commerce business models: manufacturers of own products, dropshippers, private label operators, print-on-demand businesses, ect.

We work with sales channels that include Shopify, Etsy, Amazon FBA & FBM, Faire, Ankorstore, ect.

No manual processing means the number of transactions doesn't increase cost!

We help e-commerce businesses navigate the complex world of VAT in Europe. We do OSS, IOSS and EU VAT registration and processing.

Our e-commerce quotes are based on automation complexity, not on transaction volume. Meaning they remain fixed as volume changes!

Grow your business with the confidence that rising accounting costs won't eat into your margins.

We can also go through your current accounting practices and advise on how it can be improved.

Get your fixed price quote & free accounting audit

Common issues e-commerce companies face in Latvia

E-commerce accounting is very different to conventional accounting, this is why many Latvian accounting firms are not appropriately equipped to handle such clients. Some of the issues our clients often faced before before transitioning to Skybooks:

Does your current accountant not understand why deposits that hit your bank are not equal to orders in your Shopify store? This is the most common area that most accountants are struggling with. We understand that this is the net number that includes refunds, card processing fees, platform fees and hold amounts.

We run separate trading accounts in our software for each of your platforms to make sure that all payments are recognised correctly.

Revenue recognition

Transaction volume

Does your current accountant struggle with 1000s of transactions from your Shopify store? Many approaches that can work for more "old-school" business models aren't a good fit for the high volume nature of e-commerce.

We automate the data export/import process, meaning we can process almost any number of transactions without an increased cost for our clients!

Our clients advertise across Google, Meta, Tiktok and other platforms. They have different warehouse, logistic and VAT setups. They use different payment processors (Paypal, Stripe, Klarna, ect). On a daily basis we work with sales channels that include Shopify, Etsy, Amazon FBA & FBM, Faire, Ankorstore.

Each of these areas has its own complexities for which we have developed solutions allowing us to offer much better pricing than traditional accounting firms.

Variability

We've developed a handy check-list with tips and deadlines for e-commerce businesses that will help you insure that your set up is compliant and efficient: