Shopify is arguably the most popular e-commerce selling platform for a reason, their superior tools and technology help a company with the right product fit and marketing strategy grow very quickly. However, accounting for online transactions with complex multi-state sales can be confusing and frustrating. Additionally, the world of e-commerce includes some “gotchas” that if left unchecked, can seriously impact the integrity of a business' financials, or even lead to overpaying sales tax.

As a CFO, Controller, or CPA who serves e-commerce businesses, your role is to ensure the accuracy of those financials so that critical business decisions can be made based on sound numbers. In your position, it is critical to understand how the Shopify platform pulls its numbers, how it behaves when interacting with other platforms, and the nuances to correctly interpret and book the sales and related items to the accounting system.

Join Dawn Brolin, CPA, CFE, as she walks you through 6 things that can hurt you or your clients when it comes to accounting for Shopify sales. You’ll come away with actionable things to immediately check on with your clients or in your own books. At the end, Dawn will introduce you to an automation platform that can help alleviate the complexity of dealing with e-commerce businesses who use Shopify and other popular sales and payment platforms.

Learning Objectives:

• Identify the basis behind Shopify Summary Reports and how to properly align it for your clients


• Recognize features that staff may need training on in order to protect margin and COGS analysis


• Define how Sales Tax is calculated when the Marketplace Facilitator Laws apply


• Evaluate an automated solution that can create consistency, accuracy, and peace of mind