Accurit sector expertise
Accounting for Retail & E-commerce in Malta
Stock, margins and multi-channel takings reconciled, with VAT handled across the rates that different lines attract.
The sector, plainly
Retail runs on two numbers that are easy to get wrong: what the stock is actually worth, and what each line really earns once discounts, returns and platform fees come off. Selling through a shop, a website and a marketplace at once multiplies both problems, because every channel reports its takings its own way and none of them reports your margin.
The pressure points
Accounting challenges for retailers and online sellers
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Takings reported three different ways
A till, a web platform and a marketplace each settle on their own cycle, net of their own fees, and none matches the bank exactly.
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Stock valued by estimate
Inventory carried at a rough figure moves the gross margin, and the year-end result with it, in a direction nobody intended.
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One treatment across mixed lines
A business selling several kinds of goods often applies a single treatment out of habit to lines that do not attract it.
Our approach
How we work with retailers and online sellers in Malta
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Every channel reconciled to the bank
Platform and till reports matched to what was actually received, with fees and returns identified rather than absorbed. -
Stock counted and valued on a set cycle
Inventory checked at agreed intervals, so the margin is calculated from a figure somebody actually verified. -
Margin reported per line
Profitability broken out by product group and by channel, after discounts, returns and platform fees.
The outcome
What changes for retailers and online sellers
Margin you can act on
A true figure per line and per channel, so pricing and range decisions rest on something other than turnover.
Treatment applied line by line
Reviewed against what is actually sold, rather than one approach carried across the whole catalogue.
Stock that ties to the accounts
A counted, valued inventory figure feeding the accounts, so the gross margin stops moving unexpectedly.
COMMON QUESTIONS
Retail & E-commerce accounting in Malta: common questions
Can you reconcile a shop, a website and a marketplace together?
Yes. Till and platform reports are matched to what was actually received, with fees, refunds and returns identified rather than absorbed into the takings.
Do you handle stock?
Inventory is counted and valued at agreed intervals, so the margin is calculated from a figure somebody actually verified.
Will I see margin by product or channel?
Yes. Profitability is broken out by product group and by channel, after discounts, returns and platform fees.
Continue exploring
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Talk to an accountant about accounting for retailers and online sellers
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