NetSuite Bookkeeping for Ecommerce Brands: A Complete Guide
As ecommerce brands scale across platforms like Shopify, Amazon, and Walmart, bookkeeping gets exponentially more complex. Between inventory, refunds, shipping costs, and marketplace fees-your P&L can quickly become unreliable if your books aren’t clean.
Download Our Free Brochure →NetSuite is a powerful ERP for ecommerce, but it requires expert configuration and consistent reconciliation to truly work. That’s where RemoteBooksOnline comes in.
Why Ecommerce Bookkeeping Is So Challenging
Ecommerce operators manage:
- High transaction volume from multiple platforms
- Split payments (e.g., Shopify + Stripe + Afterpay)
- Returns, chargebacks, and restocking fees
- COGS and inventory sync across warehouses
- Sales tax obligations across states and platforms
QuickBooks often fails to scale with this complexity. NetSuite, however, is built for multichannel operations-but only if your bookkeeping is configured and maintained properly.
How NetSuite Solves Ecommerce Pain Points
1. Native Integrations (or API Access)
Connect NetSuite with Shopify, Amazon Seller Central, Magento, and 3PL systems for better visibility.
2. Inventory & COGS Management
Track inventory by SKU, warehouse, and fulfillment center. Record accurate COGS, landed costs, and stock adjustments.
3. Refunds and Sales Returns
Download Our Free Brochure →Automate refund and return accounting entries so margins aren’t overstated.
4. Sales Tax Tracking
Use NetSuite’s tax engine or integrate with Avalara to automate collection and liability reporting across jurisdictions.
5. Marketplace Fees & Payouts
Reconcile fee structures from Amazon, eBay, Etsy, and others to actual deposits using detailed clearing accounts.
What RemoteBooksOnline Does for Ecommerce Clients
We handle:
- Daily/weekly reconciliations of ecommerce platform transactions
- COGS and inventory valuation tracking
- Refund and return reconciliations
- Platform-specific clearing accounts (e.g., Shopify + Stripe)
- Gross vs net revenue reporting
- Multi-currency ecommerce operations
- Consolidated reports across channels and regions
Reporting We Deliver for Ecommerce Businesses
- P&L by channel (Shopify, Amazon, etc.)
- Inventory valuation report
- Refund rate and cost report
- Shipping cost and fulfillment expense tracking
- Budget vs actual for revenue and margins
Common Ecommerce NetSuite Questions
Can you clean up our NetSuite books post-Amazon launch?
Yes. We specialize in backtracking messy or unposted transactions and aligning them with sales reports and payouts.
Can you support multiple storefronts and warehouses?
Yes. NetSuite supports this natively, and we reconcile per-warehouse and per-location entries.
Do you help with sales tax setup and filings?
We prepare liability reports, but we do not file sales tax directly. We work with platforms like Avalara or your CPA.
Can I get a report showing profit by SKU or product line?
Yes. NetSuite supports product-level profitability reporting if set up correctly. We’ll make sure it is.
Ready to Scale Your Ecommerce Brand with Clean Books?
RemoteBooksOnline helps ecommerce companies on NetSuite stay profitable, tax-ready, and audit-proof-even across multiple channels and countries.
Book your ecommerce NetSuite bookkeeping consultation today.
