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Welcome to Unicorn Accountants, specialist accountants for dropshippers
Welcome to Unicorn Accountants, specialist accountants for dropshippers
What makes us great dropshipping accountants?
Our friendly, knowledgeable team offers expert advice and services for dropshippers all over the UK and beyond. You'll benefit from our eCommerce accountants' deep understanding of dropshipping businesses to support you as your sales, customers, and business grow.
Grow your online dropshipping business by calling the team today at Unicorn Accountants and choosing an accounting service that works for your online company.
What is dropshipping?
What is dropshipping?
Dropshipping is when an online business does not hold any stock itself. Dropshipping suppliers buy through a third party and have products sent directly to their clients. This reduces the risk for the dropshipping company and means you don't have lots of cash tied up in stock. You can get on with selling the products you love without worrying about storage and distribution.
While you don't need specialised accounting software to run your eCommerce dropshipping business, the best accounting software packages are ones which seamlessly integrate with popular platforms such as Shopify, BigCommerce and WooCommerce.
You'll access an eCommerce accountant who understands how online businesses operate so your bookkeeping and accounting are efficient and effective in driving business growth, helping you achieve your dreams.
Bookkeeping
Bookkeeping for eCommerce businesses can be challenging, with hundreds or even thousands of transactions every month. It can be hard to maintain consistent, accurate data. No one wants to handle that level of transactions manually, so you'll need accounting software to manage your ordering, invoicing, payments and dropshipping inventory.
If your record keeping isn't kept up to date, your accounts can get out of control very quickly. Our eCommerce accountants provide peace of mind to our clients, enabling them to grow their business with confidence.
Cash flow management
Are you constantly worried about running out of money?
Aside from your transactional eCommerce accounting, one of the biggest challenges for an eCommerce store is managing the cash flowing in and out of your business well. Cash flow forecasting might sound a bit dull, but it's one of the most important reports to regularly review and act upon. Perhaps you aren't collecting cash fast enough from your customers, or you might be struggling with stock outages with your suppliers that affect your order fulfilment. More data allows you to plan and avoid cash issues down the line.
Corporation tax
Naturally, our accounting services include handling your corporation tax returns and preparing annual accounts for your limited company. Using a cloud-based accounting system linked to your website means your basic transactional data that feeds your tax returns is easily available, up to date, and accurate, so you'll never miss a deadline or risk a penalty.
Of course, we also include your self-assessment tax return in our dropshipping accounting fees, whether you are a limited company director or a self-employed sole trader.
VAT compliance and import duties
Online sellers often struggle with sales tax and UK VAT obligations because they make sales in different geographies. Our expert advice ensures you have peace of mind knowing we understand all the complex tax rules that apply to multinational eCommerce business operations.
Depending on the size of your turnover, you may be able to use the simplest type of VAT scheme to make VAT accounting easier. The VAT Flat Rate Scheme could be the right VAT scheme for you if your turnover is under £150k per year. Check with your accountant to understand the VAT requirements for your company.
Accounting software integrations
Major platforms such as WooCommerce and Shopify can be integrated with popular cloud accounting tools like Xero and QuickBooks. Seamless transfer of your data between systems means your bookkeeping is faster, and you avoid human error that can creep in with manual data entry.
What our customers have to say
Get in touch with Unicorn Accountants - the best accountants for dropshippers
If sales are booming in your dropshipping venture, that's great. However, if you aren't keeping accurate accounts, that's not so great. It can lead to VAT penalties, reduced profitability, and delayed account submission.
The team at Unicorn understands the unique challenges faced by dropshipping sellers. We'll assign you a dedicated accountant to offer expert advice to help your dropshipping company reach its potential. Call the team today for a free, no-obligation chat about our services for UK dropshippers.
Ready to talk?
Join the many eCommerce businesses who trust Unicorn Accountants to make their finances and life easier. Contact us for a free consultation to discuss your accounting needs and how we can help you achieve your goals. There's no pressure: just a chance to chat and see if we're a good fit.