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Streamlined Accounting Solutions for E-commerce Growth.

Key Factors

Revenue Recognition

We provide comprehensive tracking of sales and performance across multiple e-commerce platforms, including Amazon, Shopify, eBay, Facebook, BigCommerce, Square, and Walmart. Our system ensures accurate recording of revenue at the time of sale while accounting for refunds and returns, giving you a clear financial picture of your business

Cost of Goods Sold (COGS)

We ensure accurate calculation of product costs, including shipping fees, packaging, and storage expenses. Additionally, we factor in manufacturing or supplier costs to provide a comprehensive view of your overall expenses, helping you manage profitability effectively.

Inventory Management

We maintain accurate stock levels by implementing efficient inventory management practices. Using accounting methods like FIFO (First In, First Out) or LIFO (Last In, First Out), we ensure precise valuation and tracking of inventory, helping businesses optimize their stock flow and financial reporting.

Payment Gateway Reconciliation

We reconcile transactions from payment processors like PayPal, Stripe, and Square with bank records to ensure accuracy. This includes matching deposits, withdrawals, and sales with corresponding entries in financial statements. Additionally, we account for processing fees deducted by these gateways to maintain precise financial records.

Benefits

Outcome

Frequently Asked Questions

How often will you update my books?

We’re all about keeping a consistent and predictable rhythm. Here’s our typical process:

1.Daily: We’ll import and categorize your transactions.
2. Weekly: We’ll reconcile your accounts and follow up on any questions.
3. Monthly: We’ll close your books and provide financial statements.
4. Quarterly: We’ll do a deep dive and help you understand your financial trends.

We can also adjust our standard flow to whatever works best for your business. The goal is to ensure
that you always have up-to-date financial information at your fingertips.

Here’s how we can help you get on better footing:

1.Clear financial picture: We’ll give you a real-time view of your finances so you can make
smarter decisions.
2. Spotting trends: We’ll help you see patterns in your data, like which products are most
profitable or where you might be overspending.
3. Cash flow management: We’ll help you understand and improve your cash flow so you have
the funds to seize opportunities when they arise.
4. Time savings: By outsourcing bookkeeping, you’ll have more time to focus on growing your
business.   
5. Financial goal-setting: We’ll help you set and track financial goals, turning your growth
dreams into concrete plans.

We are your financial growth partners. We’re not just recording what’s happened; we’re helping you
shape what’s coming next. With solid bookkeeping as your foundation, the sky’s the limit!  

Prokizen primarily works with QuickBooks Online, Xero and NetSuite, but we have experience with
various accounting software and ERPs. We can help set up or convert your existing system to ensure
efficient financial operations.

We understand that an audit by an accounting firm can be scary and intimidating, but we fear not.
We’ll be your partner every step of the way. Our Accounting Services can ensure your books are
clean and GAAP compliant so your audit ready at a moments notice.
Your trusted Prokizen advisors will be there to supply supporting documentation and meet with
auditors to explain any complex transactions. Rest assured, should the audit determine any changes,
we will help guide you and implement those recommendations.

We’ve got all your bookkeeping bases covered. Here’s what we typically handle:
1. Transaction recording: We’ll keep track of every penny coming in and going out.
2. Bank reconciliations: We’ll make sure your books match your bank statements.
3. Accounts payable: We’ll track what you owe and when it’s due.
4. Accounts receivable: We’ll keep tabs on who owes you and help you get paid faster.

5. Financial statement prep: We’ll whip up those balance sheets and income statements.
6. Payroll processing: We’ll make sure your team gets paid on time.
7. Bill payments: We can handle paying your bills so you don’t have to.
8. Expense categorization: We’ll sort your expenses to make tax time a breeze.

And if there’s something specific you need that’s not on this list, just holler. We’re here to support
you in many ways.

Need Any Help?

We Are Always Ready Here

Our expert team is always ready to assist you with tailored financial solutions.

Call Us

+1(646) 583-6569

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