Amazon Seller Bookkeeping and FBA Accounting
Settlements that finally reconcile
Ottit's Amazon bookkeeping service reconciles each Seller Central settlement to its orders, fees, refunds, reimbursements and advertising charges, tracks inventory sitting in FBA, and separates marketplace facilitator tax from tax you owe. It runs alongside your Shopify and wholesale channels in one monthly close, from $595 a month.
Trusted by 100+ of your favorite DTC & CPG brands
Built for the brands we know best
- Amazon sellers and FBA brands doing $1M to $95M a year
- Multi-channel brands that sell on Amazon and Shopify and want margin by channel
- Sellers whose settlement reports and bank deposits have never matched
- Brands with inventory spread across FBA, a 3PL and a warehouse
Everything the monthly close needs
Settlement reconciliation
Each settlement unbundled into product sales, shipping credits, referral fees, FBA fees, storage fees, refunds, reimbursements and advertising, matched to the deposit.
FBA inventory
Inbound shipments, inventory at Amazon, removals, lost and damaged reimbursements, and COGS on fulfillment.
Marketplace facilitator tax
Tax Amazon collects and remits separated from tax you collect elsewhere, so nothing is double-counted or missed.
Advertising and promotions
Sponsored ads, coupons and Lightning Deals booked where they belong so ACOS and contribution margin are visible.
Multi-channel close
Amazon next to Shopify, Walmart, TikTok Shop and wholesale, in one set of financials.
Monthly financials
Profit and loss by channel, balance sheet and cash view by the 15th of the month, often sooner.
From first call to a clean monthly close
The same process for a $1M Shopify store and a $95M multi-channel brand; only the volume changes.
Free health check
We reconcile one recent settlement against your books and show you the gap.
Connect
Seller Central, your other channels, bank and cards, QuickBooks Online or Xero, and Bookkeep for settlement-level entries.
Clean start
Catch-up on prior settlements if needed.
Monthly close
Settlements reconciled as they post, FBA inventory reconciled to Amazon's reports, financials delivered.
Quarterly review
Channel margin, fee creep, inventory aging and sales tax exposure.
QuickBooks Online
Xero
ShopifyQuickBooks OnlineXeroShopifyFlat monthly retainers. No hourly billing.
The number is quoted in writing after a free health check. Every plan is month to month.
- Monthly cash-basis bookkeeping
- Bank, credit card and payout reconciliation
- Profit and loss and balance sheet by the 15th, often sooner
- Dedicated accountant, Slack channel and a monthly review call
- Year-end package for your CPA, tied to the filed return
- Everything in Cash Basis
- Accrual close with deferred revenue and accrued expenses
- Inventory and COGS by channel
- Sales tax reconciliation across channels
- ERP and inventory-system support (NetSuite, Cin7, Katana, Finale and more)
- Everything in Accrual
- Full-suite controllership
- Multi-entity and multi-currency consolidation
- Accounts payable and receivable management
- Custom dashboards, KPIs and forecasting
Prices are the floor for a single entity with one or two channels. Volume, channels, entities and inventory move the number, and the quote is written down before you commit. Compare every plan.
Legendary so far. These guys had an excellent onboarding process. Got us setup. Are clear about expectations, and understand the ecommerce space inside and out.
"Ottit has been a dream to work with! Between constant communication and clear expertise in the field, I've been able to rest easy in regards to my e-commerce bookkeeping for the first time in 7 years."
"We had quite a mess before Ottit came on, and their experience, responsiveness, and straightforward approach made us feel like they were the right team to help us get everything back on track."
Keep reading
Start with a free health check.
Thirty minutes on your books and channels, and a written read on what is wrong and what it would take to fix.
Before you book
Why is my Amazon deposit so much smaller than my sales?
A settlement nets out referral fees, FBA fees, storage, refunds, advertising and reserves before Amazon pays you. Booking gross sales and each deduction separately is the only way to see your real Amazon margin.
Do I owe sales tax on Amazon sales?
In almost every state Amazon collects and remits it as a marketplace facilitator. You still need to book it correctly and register where your own channels create nexus; we separate the two.
How do you track inventory in FBA?
From Amazon's inventory and reimbursement reports, reconciled monthly to your purchase records and your 3PL, so ending inventory and COGS are right.
Can you handle Amazon and Shopify together?
Yes. Most of our Amazon clients also sell on Shopify; both are in the same monthly close with margin by channel.
What does Amazon bookkeeping cost?
From $595 a month on cash basis and $995 on accrual, depending on settlement volume, channels and clean-up needs.
