Professional help for E-Commerce enterpreneurs

Accounting Tax Services for Magento in Canada

Accountor CPA offers bookkeeping, accounting, and tax services for Magento clients to help you effectively grow and manage your online business. Whether you are a small business, SME, or multinational corporation, we can help you manage your books and find innovative ways to grow.

1 Financial Magento Services
  • Corporate finance expertise
  • A2X, QBO & XERO experts
  • SAGE & FreshBooks gurus
2 Business expansion
  • Evaluation of goals & issues
  • Situation analysis
  • Custom solutions for business
3 Easy communication
  • Customer centered connection
  • Explaining elements in details
  • Collaborative work system

Our Vision & Mission for Magento Services Clients

When you work with Accountor CPA, we help you gain financial understanding of your business on a deeper level and reduces your risk of error and non-compliance each day. That is our mission to each and every client.

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info@accountor.ca +1-416-646-2580
4580 DUFFERIN ST, SUITE 408 NORTH YORK, ON | CANADA
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The list of providing services

Software Integration and Management

We work with the industry’s most robust accounting and bookkeeping software to ensure all your business needs are met. With seamless syncing and integration, you never miss a beat.

Bookkeeping

Managing invoices, sales, expenses, and other financial documents for a Magento business can be overwhelming. We provide bookkeeping services to keep you organized.

Registering for and Filing Sales Tax

Accountor CPA offers tax services to ensure you register for, charge, and remit sales tax to the appropriate authorities. We help you navigate the legislation of Canadian tax law so you can stay compliant.

Accounting

Cover all your bases with financial statements, cash flow analysis, record-keeping, and financial planning. Whatever Magento accounting services you need, Accountor CPA can help.

Payroll

Is your Magento enterprise growing? Our payroll services for Magento e-commerce helps you follow local payroll laws and ensures your team is paid right and on time.

Tax Prep and Planning

Online enterprises come with the responsibility of filing taxes in your countries of sale. Accountor CPA provides tax preparation and tax planning services to Magento enterprises so you can make effective business decisions and predictions for your company’s growth abroad.

What Our Clients Say

I wanted to expand my American Amazon reselling business to Canada and had no idea where to start. Accountor CPA helped me register for tax numbers, file taxes, and make decisions about how to grow in the Canadian market.

Zoe / FBA Company Owner

Since signing on with Accountor CPA three years ago, we have nearly doubled our business growth year on year. With their expert advice and practical help with accounting and tax filing for our Amazon business, we have been able to grow way faster than we imagined.

Eric / Amazon Store Owner

I thought I had a good set up for my A2X and related software, but the accountants at Accountor CPA advised me to make some changes and upgrades to see if I could improve my business growth. They were right! My day to day is way smoother now and I’ve found opportunities I would have otherwise missed.

Serg / E-commerce Business

Running my Amazon reseller business has a lot of moving parts and I rely on Accountor CPA to help me stay organized. I work with them for my tax filing, bookkeeping, and accounting, and could not be happier.

Alma / Amazon Reseller Business

Whatever the size of your business, Accountor CPA provides the most cost-effective way to add highly experienced professionals to your management team.

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Get Help Registering For Tax Accounts in Canada

It’s time to upgrade your e-commerce Magento accounting and bookkeeping.

Our team of experienced tax accountants and bookkeepers use the best Magento accounting software and integration to grow your business. We help you choose the accounting and bookkeeping software that suits your business needs best and offers the best features for you. We set it up, manage it, and handle all your accounting, bookkeeping, and tax preparation. From beginning to end, Accountor CPA is your solution for Magento accounting.

Are you ready to take your e-commerce store to the next level? Let’s start with a free consultation.

Do You Need to Work with a Magento Accountant?

Many e-commerce shops start out small, selling a few products and generating little income. At this stage, entrepreneurs and small businesses are usually using simple e-commerce software and manually doing accounting and bookkeeping. With low sales, perhaps they are not even registered as a business or filing taxes regularly.

However, e-commerce shops grow quickly. If you use Magento for your e-commerce shop, you likely have a large inventory, significant revenue, and a big client base. At this stage, it is imperative that you work with a Magento accounting and bookkeeping team to help keep your business compliant and growing.

Do you ask yourself:

  • Where do I have to register my business?
  • Should I be charging sales tax on my products?
  • How much money did I spend this month?
  • What were my sales at this time last year?
  • When do I have to file taxes?
  • What’s my cash flow like this week?
  • Is my business profitable?
  • Can I afford to grow?

If so, your current accounting system is not doing its job.

Even if you operate exclusively in the e-commerce sphere and never have a brick-and-mortar store, you still have the same legal obligations to government bodies and other organizations. Not to mention, without effective accounting and bookkeeping, you have less control over your cash flow and finances and too little information to make smart business decisions.

Tax Filing & Prep for Magento

An important part of Magento accounting and bookkeeping includes tax preparation and tax filing in Canada.

If a product is purchased from your Magento e-commerce shop, in most cases you should be charging the appropriate sales tax and then remitting it to the government by the required deadline. Depending on which province the individual is in, you may have to track and charge GST, HST, and/or PST, and then file taxes in multiple jurisdictions at the end of your tax period.

If you sell products via Magento e-commerce in Canada, you are required to prepare and file taxes according to Canadian tax law. Just some of the information you must keep in mind and adhere to are:

  • If you are charging HST, GST, and PST, you will have to file multiple returns.
  • If your sales are less than 1.5 million CAD, you are usually required to file once per year (although there are exceptions).
  • If your sales are over 1.5 million CAD, you are required to file more often.
  • If you mix a tax due date or make an error, you can be charged interest and late fee penalties.
  • There are four tax pay periods that may affect you: monthly, quarterly, annually for December 31st year-end, and annually for a custom year end.
  • If you sell internationally, the rules of the country products are being sold in apply to you as well.

As an e-commerce business, you likely have to register for multiple tax numbers and other various government accounts in the countries you have clients in.

At Accountor CPA, we know these obligations and responsibilities can be hard to keep track of. This is why we offer tax preparation, tax filing, and tax planning for Magento e-commerce businesses, SMEs, and corporations selling products in Canada. When you work with us, you can trust that you are meeting all your government obligations.

Magento Accounting Software

To manage your Magento accounting and bookkeeping, you need a robust Magento accounting combination and integration.

Depending on your business’ needs and operations, you will need different features for Magento accounting applications and the ability to customize as much as possible to suit your enterprise. There are a number of third-party integration programs and accounting software that works seamlessly with Magento online - so how can you choose the best one?

At Accountor CPA, we work with the accounting industry’s most popular software to find solutions for our clients. Magento is a fantastic open-source virtual store builder that offers you so much information about your inventory, sales, clients, and finances - you need the top accounting software specifically for Magento to take full advantage of this.

We work with various accounting software consolidations and integrations with Magento depending on your needs, including:

  • QuickBooks Online
  • QuickBooks Desktop
  • Xero
  • Sage 50

With Magento accounting software programs, you can be confident that you have the ability to make business decisions when you need to in order to grow your business. Let us help you take your financial management on Magento to the next level.

Magento Xero Integration

Xero accounting software offers scalable customizations for all your financial data and ability to show important data at a glance. Xero is a cloud-based accounting platform that tuns complex bookkeeping and finances into easy-to-understand analysis and summaries.

With Xero, you can easily keep track of all your revenue, expenses, and tax liabilities with information synced directly from Magento, making it a great option for small businesses and SMEs who do not have the time to enter data manually. If you operate in different provinces or countries, Xero can help save you from headaches and wasted time when you prepare for tax time.

Setting up a Magento Xero integration link can be done independently using the Xero app marketplace but it is always recommended to work with a professional and certified accountant. If you are using Xero for your accounting but do not yet have an integration set up, Accountor CPA can help.

Xero Magento 2 Integration

Is there a difference between Magento and Magento 2?

Magento 2 is the currently supported version of Magento available that boasts significant upgrades from the original Magento platform. If you are using Magento in 2021 and beyond, it will be this iteration. Support for Magento 1 ended in 2018, so any Magento platform you are using today will be Magento 2.

All Xero Magento integration for accounting applies to this second generation of Magento.

Magento QuickBooks Integration

QuickBooks is one of the most popular accounting software programs available. For linking Magento sales with QuickBooks, you can use either QuickBooks Online or QuickBooks Desktop. Both are seamless and consolidate a wide range of financial data.

Magento Quickbooks Online integration is perhaps the most popular Magento accounting software. Because of their robust functions, Magento and Quickbooks work fluidly together to provide detailed analysis of accounting, bookkeeping, and tax preparation. There is also a QuickBooks app that you can use on the go that provides important financial information at a glance.

With Magento Quickbooks Desktop integration and Online integration, you get secure invoicing, cloud accounting, expense tracking, bookkeeping, financial statement generation, financial analysis, tax preparation, and more. The experts at Accountor CPA can navigate all the customizations and options effectively to give you the most relevant data and help you get the most out of your Magento business.

Is There a Magento 2 QuickBooks Integration?

The QuickBooks Online and Desktop integrations that are active in the QuickBooks app market are suitable for Magento 2, as this is the current version of Magento available for all e-commerce shops.

Accountor CPA Magento Bookkeeping & Tax Accounting Services

The team at Accountor CPA is made up of professional, qualified CPAs with years of experience in tax accounting, bookkeeping, accounting software, and Magento e-commerce.

We offer e-commerce services to help Magento clients grow their business with effective accounting and bookkeeping. Without accounting software integrating and consolidating with your Magento system, you open yourself up to the possibility of errors and missed documents.

Handling accounting and bookkeeping independently for such a complex business can also lead to difficulties and headaches.

Just some of the Magento accounting and bookkeeping services we offer to simplify your business operations are:

  • Accounting software integration and recommendations
  • Sales and expense tracking
  • Automatic syncing of all financial data across software
  • Year-end account reconciliation
  • Business registration
  • Tax number registration for all provinces and jurisdictions
  • Tax document collection and preparation
  • Tax filing according to Canadian regulations
  • Complete tax compliance
  • Tax preparation
  • Payment processing for tax refunds or tax payable
  • Regular bookkeeping and record collection
  • Accounting support
  • Financial statement creation and analysis
  • Audit support
  • Liaising with the CRA on your behalf when required
  • Professional advice and recommendations year-round
  • Canadian tax planning

Why wait? Contact Accountor CPA today to change the way you do business with Magento e-commerce and grow your enterprise.

Why Should You Choose Accountor CPA?

What are the benefits to working with Accountor CPA’s qualified Magento accountants and bookkeepers?

Benefit from Our Experience

With years of experience working with Magento, we understand the intricacies of the technology best.

Complete Compliance

We ensure you follow all regulations and legislation for taxes and duties in your area of sale.

Beat the Competition

Expand faster, have better products, and better prices in your Magento shop when you have accurate accounting and bookkeeping.

Accounting Partner

Our team is part of your team. We act as your business partners and are dedicated to your success.

Simplified Bookkeeping

Never miss an important invoice or deadline that can change your tax organization or charges.

Expand your Business

Effective accounting means you can expand to new territories and new customers more easily and make business decisions that help you grow faster.

Tax Preparation and Filing

Tax filing for your Magento store requires dozens of documents, numbers, and calculations. We handle it all for you.

Accounting Software Management

Be confident that you are using the best accounting software incorporation for your Magento store.

Peace of Mind

You never have to worry that you are missing something, making a mistake, or making a poor financial decision when you work with us.

Get the Best Magento Bookkeeping & Accounting Integration

If you use Magento for your e-commerce shop, you have access to a wealth of information about your sales, inventory, clients, and more. Use this information to its full potential with robust Magento accounting software integration and bookkeeping services.

At Accountor CPA, we are dedicated to helping you grow your Magento enterprise through effective accounting, bookkeeping, and tax preparation. We work with Magento clients across Canada and the United States to help them expand their market and sales year on year.

Contact us today for a free consultation and learn how our tax accounting and bookkeeping services can help your Magento business.