Ecommerce sellers in India face complex accounting challenges due to GST, marketplace commissions, TDS, and TCS deductions. Proper ecommerce seller accounting in Tally is essential for accurate books, compliance, and profitability.
This Saving Mantra guide explains how ecommerce sellers can manage accounting in Tally effectively.
Why Ecommerce Accounting in Tally Is Important
Tally helps ecommerce sellers:
- Maintain GST-compliant books
- Track marketplace-wise sales
- Record commission, shipping, and penalties
- Reconcile settlements with marketplaces
- Prepare accurate tax returns
Without proper accounting, sellers may face GST mismatches and income tax notices.
Common Ecommerce Marketplaces Covered in Tally
Ecommerce sellers usually operate on:
- Amazon
- Flipkart
- Meesho
- Paytm
- Myntra
Each marketplace follows a settlement-based payment system, which must be correctly recorded in Tally.
Accounting Treatment of Ecommerce Sales in Tally
Sales Entry
- Record gross sales invoice
- Apply correct GST rate and HSN
- Create marketplace as debtor
Commission & Charges Entry
- Marketplace commission
- Shipping & packaging charges
- Payment gateway fees
- Reverse GST on commission (RCM where applicable)
TDS and TCS Accounting in Tally
TDS (Section 194-O)
- Deducted by marketplace
- Shown as receivable in Tally
- Reconciled with Form 26AS
TCS under GST
- Collected by marketplace
- Recorded separately
- Adjusted in GST returns
Settlement and Reconciliation Process
Ecommerce sellers receive net settlements after deductions.
Proper reconciliation includes:
- Matching settlement reports with sales invoices
- Adjusting commission, returns, and penalties
- Verifying GST, TDS, and TCS deductions
- Identifying mismatches and short payments
Regular reconciliation ensures accurate financial reporting.
Handling Returns and Refunds in Tally
Returns must be:
- Recorded through credit notes
- GST reversed correctly
- Adjusted in settlement reconciliation
Incorrect return accounting may lead to GST mismatches.
GST Returns from Tally Data
With proper entries, sellers can:
- File GSTR-1 accurately
- Match GSTR-3B liabilities
- Reconcile GSTR-2B
- Avoid GST notices
Tally becomes a strong compliance tool for ecommerce sellers.
How Saving Mantra Helps Ecommerce Sellers
Saving Mantra offers specialized accounting support for ecommerce sellers, including:
- Tally setup for ecommerce accounting
- Marketplace-wise ledger configuration
- GST, TDS, and TCS reconciliation
- Monthly accounting and return filing
- Compliance and audit support
We ensure accurate books and stress-free compliance.
Conclusion
Ecommerce seller accounting in Tally requires a structured approach to handle GST, marketplace deductions, and settlements. Proper accounting helps avoid tax notices and improves business decision-making. With expert assistance from Saving Mantra, ecommerce accounting becomes simple, accurate, and compliant.
Disclaimer
This blog is for informational purposes only and does not constitute accounting, tax, or professional advice. Accounting treatment may vary based on business model and marketplace policies. Readers are advised to consult qualified professionals before implementation.