Shopify Accounting & Bookkeeping

Strategic Shopify Accounting & Bookkeeping Built to Scale Your E-commerce Profits.

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Affordable Accounting Services for Shopify Businesses

Looking for professional accounting and bookkeeping services tailored specifically for Shopify store owners? At Gondaliya CPA, we provide personalized solutions designed for the unique needs of e-commerce entrepreneurs. Whether you run a small Shopify store or manage multiple online sales channels, our experts help you manage finances efficiently, optimize taxes, and stay compliant with CRA regulations.

Managing an e-commerce business comes with unique financial challenges, including sales tax collection, inventory tracking, and integrating multiple payment processors. Gondaliya CPA provides customized bookkeeping systems, cash flow management, and tax planning strategies so you can focus on growing your online business. From monthly reconciliations to year-end corporate filings, we ensure your Shopify business operates smoothly and profitably.

Official Partner

Accounting That Understands Shopify Business

General accounting often fails to capture the nuances of high-volume e-commerce. We provide the technical financial infrastructure required to translate complex Shopify data into actionable growth strategies.

Seamless API Integration

Automate the synchronization of multi-channel sales data and payment processor fees for a unified, real-time ledger.

Precision COGS & Inventory

Maintain rigorous oversight of landing costs and inventory valuations to ensure sustained gross profit margins.

Global Tax Nexus Oversight

Navigate complex multi-jurisdictional sales tax, VAT, and GST requirements with expert-led compliance frameworks.

Performance-Driven Analytics

Leverage bespoke financial reporting and cash flow modeling to inform high-stakes inventory and marketing investments.

Stay Compliant with Tax Regulations

GST/HST Collection & Filing

Accurate setup and reporting for Shopify sales in Ontario and Canada.

Corporate Tax Filing

Timely preparation of T2 returns for incorporated Shopify businesses.

Payroll & Contractor Compliance

Manage staff, freelancers, or fulfillment partners efficiently.

Why Shopify Store Owners Work with Gondaliya CPA

E-Commerce Expertise

Specialized knowledge in Shopify accounting, including multi-channel sales and payment reconciliation.

Tax Optimization

Maximize deductions for inventory, shipping, marketing, and business expenses.

Inventory & Cash Flow Management

Track stock, sales, and payments accurately to maintain healthy cash flow.

Audit-Ready Records

Keep your Shopify store compliant with CRA and prepare for any audits.

Fully Licensed CPA Ontario

500+ ★★★★★ Google Reviews

30-Day Money-Back Guarantee

60-Day Fees-Matching Policy

Shopify Accounting & Bookkeeping Services

Corporate Tax Filing for Shopify Store Owners

Professional tax preparation and return filing, ensuring accuracy and CRA compliance.

Accounting & Bookkeeping for Shopify Store Owners

Reliable bookkeeping and accounting with financial statements, records, and reporting.

Corporate Tax Planning for Shopify Store Owners

Smart tax planning to optimize savings, reduce liabilities, and maintain compliance.

Trust and Estate Tax Returns (T3) for Shopify Store Owners

Expert preparation of T3 returns to ensure compliance and minimize taxes for trusts and estates.

SR&ED Tax Credit Claims for Shopify Store Owners

Maximize your R&D incentives with accurate Scientific Research & Experimental Development (SR&ED) claims.

US Business Tax Filing for Shopify Store Owners

Reliable filing of US business taxes for cross-border compliance and peace of mind.

Resident Director (Nominee Director) Services for Shopify Store Owners

Provide qualified nominee directors to meet local compliance requirements safely and professionally.

Business Plan Writing Services for Shopify Store Owners

Craft professional business plans to secure funding and guide growth.

Incorporation Services for Shopify Store Owners

Incorporation services in Toronto for smooth business formation, entity setup, and start-up support.

Free Resource: 50 Deductible Expenses for Shopify Store Owners

Comprehensive checklist of tax-deductible costs unique to shopify store owners PDF delivered instantly.

Case Studies

Toronto Shopify Clothing Store

Problem: High-volume sales led to messy bookkeeping and unclaimed marketing expenses.

Solution: Implemented Shopify-integrated accounting software and tracked all expenses by category.

Results: Recovered $15,000 in deductions and simplified quarterly tax filings.

Mississauga Shopify Electronics Store

Problem: Multi-channel sales across Shopify, Amazon, and eBay created GST/HST compliance issues.

Solution: Centralized bookkeeping and implemented automated tax calculations.

Results: Avoided $10,000 in potential penalties and improved financial accuracy.

GTA Shopify Subscription Box Company

Problem: Irregular cash flow due to subscription billing cycles and delayed payments.

Solution: Set up cash flow forecasting, reconciled recurring payments, and streamlined reporting.

Results: Stabilized cash flow and reduced accounting hours by 50% monthly.

OUR SIMPLE PROCESS

How Our Accounting Process Works

We make managing your finances simple and stress-free. Our transparent process keeps you informed and investor-ready at every stage.

Here’s a simplified process approach:

Step 1

Initial Consultation

Assess your Shopify store’s accounting, tax, and compliance needs.

Step 2

Bookkeeping Setup

Organize Shopify transactions, bank accounts, and payment processors.

Step 3

Tax Planning & Filing

Strategize deductions, credits, and tax payments to minimize liabilities.

Step 4

Ongoing Advisory

Monthly, quarterly, or annual support for cash flow, financial reports, and compliance.

Get personalized advice for your taxes.

Transparent Pricing

Affordable Pricing for Shopify Accounting & Bookkeeping

We believe in clear, upfront pricing so you know exactly what to expect.

- Tax Preparation (Corporation): From $400
- Tax Return Filing (Corporation): From $400
- Tax Compliance Audit – FREE CRA audit support for our clients
- Tax Strategy: FREE for our clients
- Accounting Base Plan – From $100 / month
- Bookkeeping Management (Free for our Accounting clients)
- Financial Reporting (Free for our Accounting clients)
- Business Formation: Flat $35
- Incorporation Process: Flat $35
- Entity Setup Assistance: Flat $35
- Full-Service Payroll: From $125 per month

Meet Your Lead Shopify Accounting & Bookkeeping Experts

Sharad Gondaliya, CPA

Principal 📞 647-212-9559 sharad@gondaliyacpa.ca

Vandana Goel, CPA

Accounting Specialist 📞 647-250-0242 vandana@gondaliyacpa.ca

Google Reviews
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Yes, if your sales exceed $30,000 annually, GST/HST registration and collection are mandatory. Gondaliya CPA helps you set up accurate tax collection, invoice templates, and remittance schedules for all Canadian provinces.

Can I deduct Shopify fees, apps, and advertising expenses?

Absolutely. Monthly Shopify subscriptions, app subscriptions, marketing spend, and even influencer campaigns are often deductible. Proper categorization ensures you maximize tax savings without triggering audits.

How should I track inventory and cost of goods sold (COGS)?

Accurate inventory tracking is crucial for calculating COGS, gross profit, and tax liability. We help set up Shopify-integrated bookkeeping systems that automatically track purchases, stock, and sales to ensure financial statements are precise.

Should I incorporate my Shopify business?

Incorporation can reduce personal liability, allow better tax planning, and make your business more appealing to investors. Gondaliya CPA analyzes revenue, expenses, and growth potential to provide personalized incorporation advice.

How long should I keep Shopify financial records?

CRA requires keeping records for at least six years from the end of the tax year. Certain assets or disputes may require longer retention. Proper organization ensures audit-readiness and supports accurate year-end filings.

Can Gondaliya CPA help with freelancers or staff on Shopify?

Yes. Whether you employ staff or use contractors for marketing, fulfillment, or design, we manage payroll, prepare T4/T4A slips, and ensure CRA compliance for all payments.

Do you provide remote accounting for Shopify stores?

Yes. Our cloud-based systems allow full remote bookkeeping, reconciliations, and reporting, giving you flexibility while keeping your business compliant across Toronto, Mississauga, and the GTA.

Can shipping, returns, and refunds be tracked for tax purposes?

Yes. Properly recording refunds, shipping costs, and returns ensures accurate revenue reporting and prevents overpayment of taxes. We integrate these into your bookkeeping for seamless year-end reconciliation.

What is your process for year-end Shopify tax filings?

We review all transactions, reconcile accounts, categorize expenses, and prepare T2 (corporate) or T1 (personal) returns. We also claim all eligible deductions and credits, submit filings electronically, and ensure compliance with CRA deadlines.

How does Gondaliya CPA reduce audit risk?

We maintain organized books, follow CRA guidelines, document all deductions, and provide proactive tax planning. Our support reduces errors, ensures compliance, and offers guidance if CRA questions or audits arise.