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E-commerce is an indispensable part of daily internet usage for consumers today. In India, the advent of the internet, the rise in the use of smartphones, and the entry of global players like Amazon have fuelled the growth of e-commerce.

Since its inception, Amazon has seen steady growth in the number of sellers across its platform in India. Increasing numbers of sellers and consumers have resulted in Amazon being the most visited online shopping site in India for the last two years.

Given Amazon’s popularity, it is clear that Amazon provides a smooth platform for selling. But in addition to selling, a seller also has to keep accounting and taxes in mind. While maintaining proper accounts is always challenging, the recent change to the tax system in India has made calculating and filing taxes more complicated for sellers on Amazon. Considering how complex accounting and tax filing can be, a well-rounded accounting system goes a long way in easing the entire process.

Zoho Books is GST compliant online accounting software that helps sellers on Amazon manage accounting and taxes through:

Easy inventory management

Managing your inventory is easy in Zoho Books

  • Add items and track inventory for all your products

  • Use price lists to create customized prices for new or valued customers

  • Set reorder points, place orders on time, and never run out of stock

Effortless reconciliation

With Zoho Books, banking doesn’t have to be tiresome

  • Get automatic bank feeds into your accounts and reconcile them in minutes

  • Skip manual data entry by setting up bank rules and putting categorization on autopilot

  • Manage hundreds of transactions easily with bulk actions for banking

Tax compliance

Make taxes less taxing with Zoho Books

  • Calculate GST effortlessly in minutes

  • Get deeper insights into your taxes with tax reports

  • File GST returns easily, and stay tax-ready all year long

Insightful reports

Convert business data into meaningful information through first-class reports

  • Generate tax reports that help you understand your taxes

  • Get a grip on your financials and come up with robust business plans using report data

  • Associate reporting tags with your products and use them to run filtered reports

Zoho Books also simplifies other essential accounting features, allowing you to manage contacts, invoices, payments, and projects in a few clicks. What’s more, as an Amazon seller, you can enjoy a special discount of 25% off when purchasing Zoho Books*.

*limited time offer, check Zoho now: https://www.zoho.com/general/blog/accounting-and-gst-filing-made-easy-for-amazon-sellers.html

Credit to Zoho Blog for content and images

Credit to Aditya Krishnan

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