Industries
Ecommerce (Amazon and Shopify)
Finbryn splits Amazon and Shopify payouts into sales, fees, refunds and reserves inside Xero or QuickBooks Online, so a Saudi seller sees margin by channel rather than one net deposit. We track the 15% VAT rate, watch the Fatoora integration wave that applies to your revenue, and keep cost of sales current by SKU each month.
Management report
Illustrative client · August 2026
SAR
| Line | Aug | Jul | |
|---|---|---|---|
| Revenue | 142,380 | 131,904 | +10,476 |
| Cost of sales | (51,260) | (48,115) | (3,145) |
| Gross profit | 91,120 | 83,789 | +7,331 |
| Payroll | (46,300) | (45,900) | (400) |
| SoftwareNoted | (6,480) | (5,490) | (990) |
| Rent | (8,000) | (8,000) | 0 |
| Other operating | (9,215) | (9,870) | +655 |
| Net income | 21,125 | 14,529 | +6,596 |
Reviewer's note
Software is up on last month after two seats were added mid-month. Revenue includes one milestone invoice that will not repeat next month.
Illustrative. An example of the document, not a client's figures.
Exceptions report
Where the books usually hurt
Marketplace payouts land as one lump sum that hides sales, fees, refunds and reserves
Cost of goods sold gets estimated instead of tracked by SKU and inventory location
Sales tax nexus creeps across states as revenue grows and nobody notices until a notice arrives
Multiple sales channels mean multiple ledgers that never quite reconcile to the bank
A marketplace payout is not a sale
Amazon.sa and Shopify pay out a net figure after commission, advertising spend, refunds and any reserve the platform holds back. A seller who books that single deposit as revenue cannot answer a basic question: which product line is actually making money once fees, refunds and returns are stripped out.
Finbryn connects Seller Central and Shopify to Xero or QuickBooks Online, splitting each payout into sales, fees, shipping and refunds before it reaches the ledger, then reconciling that feed against the bank deposit itself.
VAT, Fatoora and the filing calendar
The standard VAT rate is 15%. A seller with annual taxable supplies above SAR 40 million files monthly; at or below that threshold, filing is quarterly, and either way the return is due by the last day of the month following the tax period. We track your rolling turnover against the SAR 40 million line so the filing frequency does not catch you out at renewal time.
E-invoicing under ZATCA's Fatoora programme has moved through integration waves since Phase 2 began on 1 January 2023, with the qualifying revenue threshold dropping wave by wave, most recently past SAR 1 million. A growing seller should expect ZATCA to notify it once revenue crosses the current wave's line, and we flag when your figures are approaching it so your invoicing system integration is not a scramble against a deadline.
Zakat, corporate tax and mixed ownership
A Saudi-owned or GCC-owned seller pays Zakat at 2.5% of the Zakat base. Where ownership is mixed between Saudi/GCC and foreign shareholders, the Saudi/GCC share carries Zakat at 2.5% and the non-Saudi share carries corporate income tax at 20%, each computed and filed separately. Both returns fall due within 120 days of the Zakat or tax year end.
Working with Finbryn
Your store keeps its Commercial Registration current with the Ministry of Commerce and its Zakat certificate clear of outstanding balances before either matters for a supplier contract or a bank facility. Our delivery team reconciles weekly and closes the month promptly, with every set of accounts reviewed by a senior reviewer and a corporate CFO before it reaches you. Zakat and tax figures are prepared by our team and filed by the taxpayer or a licensed tax agent. Pricing sits on our pricing page, and catch-up work for a seller running on raw bank feeds is scoped separately from ongoing monthly bookkeeping.
Questions
Frequently asked questions: Ecommerce (Amazon and Shopify)
Will you tell me when my e-invoicing integration wave applies?
Yes. We track your VAT-subject revenue against ZATCA's current wave threshold and flag when your integration deadline is approaching, so Fatoora Phase 2 connection work starts with time to spare.
How do you handle Zakat and corporate tax when ownership is mixed?
The Saudi and GCC-owned share of your business is computed for Zakat at 2.5% of the Zakat base, and the non-Saudi share for corporate income tax at 20%, prepared as two separate calculations feeding one return package.
Do you split Amazon reserves that get released later?
Yes. Reserves held back by the marketplace are tracked as a receivable until released, so cash flow reporting reflects money that is coming rather than money already in the bank.
Can you clean up a year of unreconciled Seller Central transactions?
Yes. Catch-up work rebuilds the chart of accounts and reconciles historical payouts month by month against Seller Central and bank records until the two agree.
Do you work with A2X or Link My Books?
Yes, either one, depending on which the seller already has connected to their marketplace and accounting software.
Can you track cost of goods sold by product?
Yes, when landed cost and inventory data are available from the seller's supplier records or 3PL.
What are the common bookkeeping challenges for a ecommerce (Amazon and Shopify) business?
Beyond the basics, sales tax nexus creeps across states as revenue grows and nobody notices until a notice arrives and multiple sales channels mean multiple ledgers that never quite reconcile to the bank come up often in this industry. We build the chart of accounts and reconciliation process around those specific patterns rather than a generic template that ignores how the business actually operates.
What software do you support for ecommerce (Amazon and Shopify)?
We work inside Shopify and Amazon Seller Central, along with the other tools listed on this page that are common in the ecommerce (Amazon and Shopify) industry. If you have no file yet, we set one up in your name so you own it from day one.
Related services
- BookkeepingMonthly bookkeepingOngoing monthly bookkeeping: transactions sorted into categories, accounts reconciled and month-end reports delivered in the software you already use.
- BookkeepingCatch-up and cleanup bookkeepingMonths or years of books brought up to date and reconciled, with a written record of every adjustment, so monthly bookkeeping can start from a clean base.
Next step
Talk to the team that would run your books
A short call covers your setup, your software and what a first month would look like. You get a written scope and price after it.