COGS & Inventory Accounting Services for eCommerce Sellers
Stop Guessing Your Margins. Start Controlling Them.
We help eCommerce brands uncover the real cost behind every unit—so you can price with confidence, reorder without panic, and scale with clarity. Whether you need simple accrual accounting or a full inventory-integrated solution, we’ve got your COGS covered.
Gain Clarity. See the Path Ahead.
What DO You Get With Our COGS & Inventory Accounting Services?
Clean, reliable COGS data that reflects reality
We capture true landed cost per SKU, including product, freight, duties, and packaging, so your margins reflect reality, not guesswork. Fulfillment & platform fees are tracked separately within COGS. This accurate cost data supports every pricing strategy, spend decision, and inventory reorder with confidence.
A true picture of profit—not just revenue
We report gross profit by SKU and shopping channel. Whether you sell on Shopify, Amazon, Walmart or Faire, we tailor reports for each—down to contribution margin by channel, inclusive of ad spend and marketplace fees all while accurately tracking inventory on your balance sheet.
Financials that investors and lenders can trust
We build precise, accrual-based books grounded in accurate COGS, inventory data, and reconciliations to settlements and bank deposits. Whether you’re raising funds, filing taxes, or planning an exit, our audit-ready financials are backed by clear, documented inventory logic for full confidence and compliance.
Deferred Revenue Correctly Recorded
When revenue is recorded on the order date (especially on Shopify), but the product hasn’t shipped by month-end, we create manual journals to defer revenue and COGS. This ensures inventory matches reality and revenue isn’t overstated. We reclassify as “Income Received in Advance” and reverse it the following month.
Deferred Transactions (Amazon-specific)
Operational visibility that drives smarter decisions
TWO INVENTORY OPTIONS TO CHOOSE FROM
We offer two levels of accrual inventory accounting—tailored to where you are in your growth journey. Whether you’re managing a lean operation or juggling multiple warehouses, we have a system to give you the clarity and control you need.
Option 1: Simple Accrual (Settlement-Focused)
Ideal for sellers who want reliable COGS without running a full inventory system. We leverage A2X and/or Link My Books to reconcile settlement data from Amazon, Shopify, TikTok and others. You get:
- Landed cost accuracy by tracking purchase orders from invoice to warehouse
- Inventory on hand and inventory in transit recorded separately on your balance sheet
- Settlement-based reporting tied to payout dates
- No ownership of the client’s inventory platform—clients remain in control of inventory tracking
Note: This model does not address Amazon’s deferred transactions of Shopify deferred revenue automatically. We post monthly accrued revenue and COGS estimates to capture these gaps when necessary.
Option 2: Full Accrual (Inventory-First)
Built for sellers with higher complexity, volume, and multiple channels. This model integrates your operations fully with a managed inventory system (e.g., using an Inventory Management System such as Finale Inventory). We take ownership of:
- Inventory implementation, configuration, and ongoing wrestle-work
- Supplier comms, PO creation, and receipting
- Inventory counts and movement across warehouses
- AP management and inventory-related expenses
We reconcile per order and track profitability per SKU, per order, per channel.
Revenue and COGS are recorded shipment date the order date—critical for managing deferred revenue.
What do you get when you work with CronosNow?
eCommerce Expertise
Since we specialize in eCommerce we understand the nature and complexity of the challenges that you face. This enables us to not only provide you with accurate accounting but also guide you on how to unlock the most value in your business.
Personalized Support
Forget about chatbots and AI. At CronosNow you get to speak to a human! Get access to a dedicated accountant on our team that will learn about your business and what makes it tick so that you can get the support you need when you need it.
Strategy & Coaching
You need a guide to help you navigate the complexities of eCommerce. We provide easy to understand reports, industry relevant KPI's as well as coaching and strategies that can help you make more profit.
Years of experience
We have over 20 years' experience in setting up and running accounting systems and have been working exclusively in eCommerce since 2019 providing outsourced accounting services for businesses that range from 5 to 8 figures
International footprint
We offer accounting and bookkeeping services to ecommerce merchants globally. If you primarily sell through ecommerce in the USA, Canada, the UK, or the EU, we're here to assist you in gorwing your business internationally.
Full-service solution
We have over 20 years' experience in setting up and running accounting systems and have been working exclusively with 5-8 figure sellers since 2019 providing outsourced accounting services for the ecommerce businesses.
Amazing Team & Service - Couldn't Recommend Anymore!
“Richard and his team consistently exceed expectations in maintaining our financial accounts and managing our systems.
Their strategies and structures are so well thought out and tax efficient, providing us with maximum benefit.
What truly sets them apart, however, is their commitment to guide us every step of the way, being always readily available via email or phone call whenever we require their expert advice.
I can’t recommend them highly enough for their superb service.”
Connor Ballinger
Explore Fitness
CronosNow turned chaos into something understandable
“They are geared for our success and they are continually looking for ways to better present our information in an understandable format. The detail is amazing compared to where we were.
From the beginning to handing it all over to our tax preparer, they have done it all, and not one question from our tax preparer this year!
Richard’s personal interest in our business is probably the biggest reason I would recommend him and his awesome team, because when it comes down to it, you can hire just about anyone who can do a fair to good job, but finding someone who has your best interest at heart is a rare find.”
Randy & Helen Strakbein
MTN Enterprises, LLC
Best decisions we have made to date!
“As a fast-growing e-commerce brand, we were struggling with staying on top of our numbers. Our previous accountant hardly provided us thorough attention and support except during tax time. All of this changed when we found and hired CronosNow.
From our first meeting, Richard took the time to understand the business and precisely what our pain points were. His vast and personal e-commerce experience made us even more comfortable knowing that we will always receive relevant and applicable accounting support.
Hiring CronosNow is one of the best decisions we have made to date for our business.”
Vivian & Yemi
Owners, NOTIQ
OUR ACCOUNTING SERVICES
eCommerce Bookkeeping
We offer monthly eCommerce bookkeeping that tracks the right data
Financial Reporting
We provide easy-to-use tools and reports that shows you how the business is doing
Tax Planning
We help to maximize your earnings with effective tax planning
Income Tax
Prepping and filing federal
and state tax returns
Sales Tax
Comprehensive sales tax
analysis and filing
VAT & GST
International VAT & GST
prepping and filing
Non Resident Sellers
Tax preparation for international nonresident sellers
Inventory
Ensuring your sales and inventory figures are current and accurate
Payroll
Processing pay runs and
distributing payslips
CronosNow understands eCommerce
“Richard and the team at CronosNow have been a pleasure to work with. As an eCommerce brand owner, finding a firm that understands the ever-changing landscape of eCommerce is critical in order to set your business up for success.
The entire team is professional, attentive, and have been adaptive to my unique needs. They spend time to truly understand your business in order to structure your books in a way that best serves your business.
I highly recommend anyone who is considering outsourcing their eCommerce bookkeeping to get in touch with them.”
Jordan M, eCommerce
Brand Owner
Best Bookkeeping Company for Amazon Sellers and other e-commerce platforms
"Richard & his team, with 20 years experience in setting up and running accounting systems are truly the best bookkeepers for Amazon & other marketplaces.
We’ve improved our business through his tax strategies & personal support.
He takes the time to coach us & answer questions.
The only way we can express how awesome this guy is, is that after every zoom call, we are left inspired to enact some of the strategies he suggests and we really just feel confident our numbers are tight. 5 stars!"
Aurora D'Alessio,
Your Home Express, LLC
Professional, Personable and Excellent
“I have been working with Richard at CronosNow for 2+ years. I have about 12+ years of experience in e-commerce and have worked with other services but CronosNow is 2nd to none.
E-commerce has always been challenging navigating all the different platforms, their fees, returns, inventory etc. CN keeps my books accurate.
No scrambling for reports and I can make business decisions with confidence. If you are in ecom then you would know that this is not easy. CN are professionals and delivered.”
Zack Singer
MerchSalad
BETTER INSIGHTS
LEAD TO SUCCESS
Many eCommerce businesses struggle because they don’t know what to fix to make more money. Some are sales smart (lots of revenue), but profit stupid and so they don't make money. Some make profits but then end up loosing a chunk of it because of inadequate tax planning.
This is why having accurate, understandable information about your business finances is so important. Without it, making the right decisions is very hard. At CronosNow we are eCommerce Accounting Specialists. We can help.
Gain better insight into how your eCommerce business is truly performing.
Gain Clarity. See the path ahead.