Ecommerce sellers in India deal with complex accounting due to GST, marketplace commissions, returns, TDS, and TCS deductions. Proper ecommerce seller accounting in Zoho helps maintain accurate records, ensure compliance, and improve profitability.
This Saving Mantra guide explains how ecommerce sellers can manage accounting efficiently using Zoho Books.
Why Use Zoho for Ecommerce Seller Accounting
Zoho Books is a powerful cloud-based accounting software designed for Indian GST compliance.
Benefits include:
- Automated GST calculations
- Marketplace-wise sales tracking
- Easy reconciliation of settlements
- Real-time financial reports
- Seamless integration with ecommerce platforms
Zoho simplifies accounting for growing ecommerce businesses.
Popular Ecommerce Marketplaces Managed in Zoho
Ecommerce sellers commonly use Zoho Books to manage accounting for:
- Amazon
- Flipkart
- Meesho
- Paytm
- Myntra
Each marketplace follows a net settlement model, which must be recorded correctly.
Recording Ecommerce Sales in Zoho
Sales Invoices
- Record gross sales value
- Apply correct GST rate and HSN
- Create marketplace as customer
Marketplace Charges
- Commission and referral fees
- Shipping and logistics charges
- Payment gateway fees
- Reverse GST on commission (RCM where applicable)
TDS and TCS Accounting in Zoho
TDS under Section 194-O
- Deducted by marketplace
- Recorded as TDS receivable
- Reconciled with Form 26AS
GST TCS
- Collected by ecommerce operator
- Shown separately in Zoho
- Adjusted in GST returns
Settlement Reconciliation in Zoho
Zoho Books enables:
- Matching settlement reports with invoices
- Adjusting returns, refunds, and penalties
- Identifying short payments
- Accurate month-end closing
Regular reconciliation avoids GST mismatches and tax notices.
Handling Returns and Refunds
Returns are recorded using:
- Credit notes
- Automatic GST reversal
- Settlement adjustment
Correct handling ensures accurate sales and tax figures.
GST Returns Using Zoho Data
With proper entries, Zoho Books helps:
- File accurate GSTR-1
- Match GSTR-3B liability
- Reconcile GSTR-2B
- Reduce chances of GST notices
How Saving Mantra Helps Ecommerce Sellers
Saving Mantra provides expert Zoho accounting services for ecommerce sellers, including:
- Zoho Books setup and configuration
- Marketplace-wise ledger creation
- GST, TDS, and TCS reconciliation
- Monthly accounting and compliance
- Advisory and audit support
We help ecommerce sellers stay compliant and profitable.
Conclusion
Ecommerce seller accounting in Zoho requires proper configuration and disciplined reconciliation. With accurate accounting, sellers can ensure compliance, avoid penalties, and make better business decisions. Saving Mantra simplifies ecommerce accounting in Zoho so you can focus on growth.
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, marketplace policies, and applicable laws. Readers are advised to consult qualified professionals before implementation.