Industries · Consumer
Shopee, Lazada, Amazon, Shopify and TikTok Shop each pay out on their own cycle and net of their own fees. We reconcile every stream so revenue, fees and stock agree with the bank and GST is right on every channel.
Sellers usually know their top-line sales and almost never their per-channel margin after commissions, shipping subsidies, ads and returns. We split each platform into its own profit line so you can see where the real money is made, and stop scaling channels that only generate volume. Payouts are reconciled from gross order value down to the net deposit, every cycle.
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All major ones in Singapore including Shopee, Lazada, Amazon, Qoo10, Shopify, WooCommerce and TikTok Shop, plus Stripe and PayPal gateways.
We book gross sales and each fee type separately rather than just recording the net deposit, so margins and GST are correct and you can compare channels fairly.
Exports are generally zero-rated with the right documentation. We set the tax codes per channel and destination so it happens automatically.
Yes. We integrate common inventory tools with Xero or QuickBooks, or run a clean periodic method if you prefer to keep it simple.
Generally when taxable turnover passes S$1 million, with some nuances for imported services and low-value goods. We monitor your run rate and flag it before the threshold arrives.
A 30-minute chat and we will tell you exactly how your channels reconcile.
Accounting, corporate secretarial, payroll and advisory for Singapore SMEs since 2012.
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Ian & Son refers to the Ian & Son network and/or one or more of its member firms, each of which is a separate legal entity. Contact us to learn more.
