E-commerce industry
E-commerce Accounting, VAT and Corporate Tax Services in the UAE
Marketplace settlements, payment gateway payouts, inventory and cross-border sales all reconciled into one clear set of books, built for how UAE online sellers actually operate. `
- 1,000+ UAE Businesses Served
- Transparent Upfront Pricing
How we account for your e-commerce business
Sales
Reconciliation
Marketplace
gateway
bank
Accounting
Revenue
fees
COGS
Compliance
VAT
CT
Inventory
Awards
1000+
1000+ Active Clients
30+
Industries Served
94%
Client Renewal Rate
35+
Years of Experience
300+
Experts Globally
Understanding e-commerce accounting
E-commerce accounting isn't ordinary accounting
E-commerce transactions move through multiple platforms before reaching your accounting records. Each stage, from the customer order to marketplace settlement, payment gateway, inventory and bank, needs to be correctly recorded and reconciled.
Marketplace settlements
Amazon, noon and other platforms pay out in batches, net of commission, ads and returns, not order by order.
Payment gateways
Stripe, PayPal, Telr and similar gateways deduct fees before funds ever reach your bank account.
Inventory and COGS
Stock sitting in your own warehouse and a marketplace’s fulfilment centre needs to reconcile to one number.
VAT
Local sales, cross-border transactions and marketplace-collected VAT can each carry a different treatment.
Corporate Tax
Taxable profit depends on getting revenue recognition and cost allocation right in the first place.
Refunds and chargebacks
Every return, cancellation and disputed payment has to come back out of revenue accurately, not just in bulk.
Where the numbers get complicated
Eight systems, one set of books
These systems don’t reconcile with each other automatically. Every step below is a place where your sales figure and your bank balance can quietly drift apart.
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Customer order
🏬
Marketplace or website
Amazon · noon · Shopify · WooCommerce
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Payment gateway
Fees deducted here
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Bank account
↩️
Refunds & chargebacks
Revenue reversed
📦
Inventory
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Accounting records
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VAT & Corporate Tax
Filed from these records
← scroll to see the full journey →
Where it usually breaks: the highlighted steps above are where most sellers lose track, gateway fees buried in a lump-sum payout, refunds recorded weeks after the sale, and tax filings built on numbers that were never reconciled to the bank in the first place.
✓
How BCL fixes it
We reconcile every one of these eight systems monthly, marketplace settlement to bank to books, so your VAT return and Corporate Tax filing are always built from numbers that already tie out, not numbers we hope are close enough.
What's included
Our e-commerce accounting services
Six service pillars, built around the way e-commerce revenue actually moves rather than a standard bookkeeping package.
01
E-commerce bookkeeping & reconciliation
02
Marketplace & payment reconciliation
03
Inventory & COGS accounting
04
UAE VAT compliance
05
UAE Corporate Tax
06
Financial reporting
Built for your model
Accounting built around your e-commerce model
Different e-commerce models create different accounting and reconciliation requirements. We adjust the approach to the model, not the other way round.
Marketplace sellers
Amazon and noon. Marketplace settlements, referral and FBA fees, commission structures and inventory held in a marketplace’s fulfilment network.
DTC & Shopify brands
Shopify, WooCommerce and your own website. Direct sales, payment gateway payouts, refunds and inventory held under your own roof.
Multi-channel businesses
Marketplace, website and retail combined. Amazon, noon, Shopify and physical retail consolidated into one consistent set of accounts.
Dropshipping businesses
Supplier payments, thin margins and cross-border transactions tracked without ever holding stock.
Subscription businesses
Recurring revenue, cancellations, proration and refunds recognised correctly period over period.
Know your real numbers
Revenue isn't the same as profit
Marketplace fees, gateway charges, cost of goods and returns all sit between what a customer pays and what actually reaches your account. We build reporting that shows the gap.
Take a seller doing AED 1,250,000 in sales. Marketplace fees take out AED 125,000, gateway fees another AED 25,000, cost of goods sold accounts for AED 500,000, and returns take a further AED 50,000. What’s left, AED 550,000, is the actual gross profit, less than half of the original revenue figure. Most sellers only see the AED 1,250,000. We make sure you see the AED 550,000.
Illustrative example, not actual client figures
How it works
How BCL manages your e-commerce accounting
01
Collect
We collect sales, marketplace, payment gateway, inventory and bank data.
02
Reconcile
We reconcile sales and settlements against marketplace reports, gateway payouts and bank transactions.
03
Record
We accurately record revenue, fees, refunds, inventory, COGS and other expenses.
04
Comply
We handle applicable VAT and Corporate Tax requirements.
05
Report
You receive accurate financial statements and management reports.
See it in practice
From customer order to accounting entry
This is what “reconciliation” actually looks like for a single order, worked through step by step.
Illustrative example, not actual client figures
- Customer places an AED 1,000 order
- Marketplace records an AED 1,000 sale
- Marketplace commission of AED 100 deducted
- Fulfilment and other fees of AED 50 deducted
- Customer refund of AED 100 processed
- Net settlement of AED 750 reaches the bank
BCL reconciles the settlement so your books reflect the correct revenue, fees, refund and receivable
Works with your stack
Platforms we reconcile with
Why UAE e-commerce businesses choose BCL
One firm for accounting, VAT, tax and reporting
E-commerce accounting expertise
Accounting processes designed around marketplace, website and payment transactions, not generic bookkeeping.
Detailed reconciliation
Marketplace settlements, payment gateways and bank transactions reconciled to the books, every month.
UAE VAT & Corporate Tax
Accounting and tax compliance handled together, by the same team that keeps your books.
Clear monthly reporting
Accurate profit and loss, balance sheet, cash flow and management reports, every month.
Common Questions
Frequently Asked Questions
Yes. We reconcile marketplace settlement reports against your bank account, accounting for commission, fulfilment fees, advertising costs and refunds so your books reflect what actually reached you.
Neither on its own. We record the gross sale as revenue and the commission, fees and refunds as separate line items, so your P&L shows what you actually earned rather than a single net figure.
Yes. Website sales through Shopify, WooCommerce or a custom store are reconciled against your payment gateway payouts and bank deposits every month.
If your taxable supplies exceed AED 375,000 a year, VAT registration is mandatory, whether you sell through your own site or a marketplace. We handle registration, return filing and the VAT treatment of cross-border and marketplace-collected sales.
Generally yes, if your business is licensed in the UAE. Small Business Relief may apply where revenue stays under the relevant threshold. We assess your position and handle registration and filing either way.
We break down each payout into gross sales, fees, refunds and net settlement, rather than recording the net figure as revenue, so your margins reflect the real cost of selling on each channel.
Each refund or chargeback is recorded against the original sale, not netted off in bulk, so revenue, receivables and inventory all stay accurate even when a return happens weeks after the order.
We reconcile stock movements, purchases and cost of goods sold against your actual inventory position, including stock held in your own warehouse and stock held at a marketplace’s fulfilment centre.
Multi-channel is the default we design for. Amazon, noon, Shopify and physical retail are consolidated into one set of accounts and one monthly report.
We work with Xero, QuickBooks, Zoho Books and similar cloud platforms, and can set one up if you’re not currently using any.
Monthly as standard, covering profit and loss, cash flow and channel-level margins, with more frequent reporting available for higher-volume sellers.
Looking for an accounting partner who understands e-commerce?
From marketplace settlements and payment gateways to inventory, VAT and Corporate Tax, let our team handle the accounting behind your online business.
