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
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
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
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