Accounting and Taxation

Digiimate, a prominent service provider, specializes in offering a wide array of services meticulously designed to cater to the specific needs of sellers operating on Amazon, Flipkart and Meesho marketplaces. Our extensive range of services encompasses tailored accounting and tax solutions tailored to the distinctive requirements of Online and offline businesses.

• Seamless Financial Management

  At the heart of our offerings lies integrated accounting services that Online and offline businesses with a seamless means to manage their financial transactions. Our approach ensures precision and efficiency in record-keeping, safeguarding the integrity of financial data. Additionally, we extend TCS Credit services, empowering sellers to proficiently handle their Tax Collected at Source (TCS) obligations.

• GST Compliance Simplified

  Navigating Goods and Services Tax (GST) compliance is a pivotal aspect of Online and offline businesses operation. Digiimate simplifies this complexity by providing expert assistance in GST return filing. Our adept team ensures that GST returns are filed in a timely and accurate manner, mitigating the risk of penalties and ensuring uninterrupted business operations for our clients.

• Efficient Payment Reconciliation

  One of the primary challenges faced by emerging e-commerce sellers revolves around managing payment reconciliation on platforms like Flipkart and Amazon. This process typically entails receiving a lump sum amount from the marketplace, subject to various deductions including commissions, taxes, service charges, and potential penalties. These intricacies can often make it challenging for sellers to accurately track and monitor their expected earnings.
  
  Digiimate steps in to address this challenge by offering robust ecommerce payment reconciliation services. Our well-structured system is designed to handle these complexities, offering sellers clear visibility into the expected payment amount. This empowers sellers to navigate the process with ease and efficiency.
  
  

• In-Depth Profit Analysis

  Our unwavering commitment to enhancing our clients' profitability is evident through our profit analysis services. We delve deep into various aspects:

  • Reconciliation of Payment Reimbursement Against Each Order: This service focuses on ensuring that payments received from marketplaces like Amazon and Flipkart align accurately with customer orders. It identifies any discrepancies, guaranteeing precise and timely payment reconciliation.
  • SKU Wise Profitability Analysis: We provide insights into the profitability of each Stock Keeping Unit (SKU) that sellers offer. By evaluating sales, costs, and expenses associated with individual SKUs, we empower sellers to make informed decisions about pricing, inventory management, and overall business strategy.
  • Order ID Wise Profitability and Settlement Tracking: Our services enable sellers to track the profitability of individual orders through unique order IDs. This granular approach allows for a comprehensive understanding of transaction profitability, issue identification, and prompt payment settlement.
  • Overall E-commerce Portal Profitability Analysis: We assess the profitability of the entire e-commerce portal, considering all orders, SKUs, and associated costs. This holistic view equips sellers with valuable insights for making informed decisions and optimizing their overall business performance.

• Navigating Complexities

  Returns and cases initiated by buyers on platforms like Amazon can lead to payment holds or reversals, especially when payments have already been received or when products are returned within prepaid orders. For sellers participating in the Fulfilled by Amazon (FBA) program, returned products may introduce additional complexities, potentially resulting in product disposal.
  
  Digiimate's experienced personnel are well-equipped to guide sellers through these complexities. Our team is poised to assist sellers in managing payment holds, reversals, and the reconciliation of returns and disposals within Online and offline businesses. This support ensures that businesses have a clear understanding of their payments and can adeptly manage any challenges that may arise.
  
  By leveraging the expertise of our team, businesses can maintain their focus on core business operations while entrusting the intricate aspects of payment reconciliation and returns management to capable hands.