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The Bookkeeping Advisory Team

Recording of Revenue for E-Commerce Business

For an E-Commerce company, the bank deposits from your selling platforms are not your gross revenue. E-Commerce platforms, such as BigCommerce, Shopify and WooCommerce, charge platform selling fees, merchant fees and shipping fees. Hence, the amount deposited into your bank account is net of all these charges. If these bank deposits have been taken as revenue, then your revenue is understated.


You can find out the actual gross sales revenue and the various charges from your selling platform account. Your books are correct if you record all these numbers and tie out the various amounts deposited into your bank account.

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