Accurate Shopify Accounting
for Fast-Growing Ecommerce Brands
Gain complete financial visibility with Shopify accounting services built for growing brands. We reconcile Shopify payouts, manage inventory and sales transactions, and deliver accurate financial reporting so you can make confident business decisions.
Finance Expertise Built for High-Growth Companies
Founded in 2016
Team of Controllers & Senior Accountants
Supported $100M+ in Capital Raised
Trusted by founders across SaaS, Ecommerce, & Retail.
Trusted By
Does Your Accounting Actually Match How Shopify Pays You?
Shopify makes selling simple, but the accounting behind every order is far more complex. Between payouts, payment processing fees, refunds, discounts, taxes, and inventory movement, it's easy for your financial records to drift away from what's actually happening in your store.
As your Shopify business grows, you may experience challenges such as:
Shopify payouts that don't reconcile
Refunds, returns, and discounts affecting profitability
Payment processing fees buried within payouts
Inventory and COGS that don't align with sales
Inaccurate financial reporting across Shopify and other platforms
Limited visibility into true store performance
What Are Shopify Accounting Services?
Shopify accounting services apply full-scope accounting: revenue recognition, COGS, reporting, and tax, specifically to how Shopify structures payouts, inventory, and multi-store operations. 1116 Partners works directly with Shopify's payment and inventory systems, rather than treating Shopify as just another line item in a broader ecommerce accounting process.
Built for Every Kind of Shopify Business
Growing Businesses
Single-Store Shopify Brands
Shopify & Wholesale Hybrid Brands
Shopify Plus Merchants
Subscription Brands on Shopify
Multi-Store Shopify Operators
Venture-Backed Shopify Brands
Our Shopify Accounting Services
Shopify Payments Payout Reconciliation
Match net Shopify payouts to gross sales, fees, refunds, and chargebacks so revenue is recorded accurately, not just deposited amounts.
Shopify Tax & Nexus Reporting
Track sales tax collected through Shopify and support accurate, multi-state filing.
Multi-Store & Shopify Plus Consolidation
Consolidate financials across multiple Shopify storefronts or entities into a single, accurate view.
Revenue Recognition Across Sales Channels
Apply consistent revenue recognition across Shopify's online store, POS, and wholesale channels.
Shopify Inventory & COGS Accounting
Track cost of goods sold using Shopify's inventory data, including landed costs and multi-location stock.
Shopify Capital & App-Based Financing
Record Shopify Capital advances and app-based financing as liabilities, not revenue, and track repayment accurately.
Discounts, Gift Cards & Store Credit
Record promotional discounts, gift card liability, and store credit consistently as they're issued and redeemed.
Monthly Financial Reporting
Receive P&L, balance sheet, and margin reporting built around how your Shopify business actually operates.
Additional Finance & Accounting Support
Many Shopify brands pair Shopify Accounting Services with Ecommerce Bookkeeping Services, Financial Reporting Services, and Fractional Controller Services as store count and revenue complexity grow.
How We Work
Why Shopify Businesses Outsource Accounting
Get accounting built around Shopify's actual payout and inventory structure.
Avoid the reconciliation errors generic bookkeeping tools miss.
Stay ready for Shopify Tax filings across every state you sell in.
Consolidate multiple stores or entities without manual spreadsheet work.
Keep Shopify Capital and app financing off your revenue line.
Build reporting that scales as your store or store count grows.
Why Shopify Brands Partner With 1116 Partners
Shopify-Focused Accounting
Work with accountants who understand Shopify payouts, fees, refunds, inventory, and reporting requirements.
Better Margin Visibility
See how shipping costs, discounts, returns, fees, and inventory affect profitability.
Support for Growing Brands
Add stronger reporting, controls, and accounting support as transaction volume increases.
Shopify Accounting for Every
Stage of Growth
Single-Store
Shopify Brands
Clean, accurate accounting from payout to P&L.
Shopify Plus
Merchants
Accounting built for higher volume and more complex operations.
Multi-Store
Operators
Consolidated reporting across every Shopify storefront.
Subscription
Brands on Shopify
Recurring billing app data reconciled alongside standard Shopify sales.
Accurate Payout Reconciliation
Match every Shopify payout to store activity, processor fees, refunds, and deposits.
Connected Financial Systems
Maintain consistent records across Shopify, QuickBooks Online, Xero, NetSuite, and other ecommerce tools.
Trusted Financial Guidance
Receive practical insights that strengthen reporting, cash flow planning, and business decisions.
Additional Finance & Accounting Support
Ecommerce Accounting Services
Ecommerce Bookkeeping Services
Financial Reporting
Fractional Controller Services
Fractional CFO Services
Month-End Close Services
Frequently Asked Questions
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Shopify payouts are net figures; they're deposited after processing fees, refunds, and chargebacks are already subtracted, which is why they rarely match gross sales without reconciliation.
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Shopify accounting is built specifically around Shopify's payout structure, inventory system, and app ecosystem, while general ecommerce accounting spans multiple platforms like Amazon, Stripe, and marketplaces.
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Yes. We consolidate financials across multiple Shopify stores or Shopify Plus entities into a single, accurate view.
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Shopify Capital advances are recorded as a liability and tracked through repayment, not counted as revenue when received.
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Yes. We track sales tax collected through Shopify and support accurate, organized filings across the states you sell in.
Speak With the 1116 Team
Whether you're evaluating a new accounting partner or simply looking to improve your financial operations, we'd be happy to learn about your business and determine whether we're the right fit.
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