Online stores

Home
Our customers
Online stores

Accounting for online stores

E-commerce is a rapidly evolving sector that comes with its own set of challenges. The success of an online store depends not only on the quality of its products or services, but also on the efficiency of its internal operations – from inventory management and order processing to accurate accounting.

Due to the nature of e-commerce, many businesses operate on a global scale, which brings additional complexity in areas such as international logistics, multi-channel sales, and a variety of payment methods and delivery systems. This places even greater responsibility on the accounting function, which must be precise and transparent in order to ensure regulatory compliance and optimize tax liabilities and operational costs.

At ATP Konsult, we provide tailored accounting services for online stores – services that not only meet legal standards, but also help business owners focus on growth and development.

What makes accounting for online stores unique?

Online stores operate in a fast-paced environment that involves sales across multiple platforms, a wide variety of payment methods and delivery solutions, and the management of various types of goods and services. Accounting in this sector comes with several specific requirements:

Processing online payments

– Payment systems such as PayPal, Stripe, card payments, and bank transfers require precise revenue tracking and proper documentation in compliance with Regulation No. H-18.

VAT on EU and non-EU transactions

– VAT rules vary depending on whether your customers are in Bulgaria, the EU, or outside the EU. It's also important to monitor thresholds for distance sales within the EU.

Inventory and logistics management

– E-commerce often involves third-party warehouse systems and logistics providers, which requires specific accounting treatment for goods, delivery, and storage costs.

VAT recovery for cross-border purchases

– For online stores sourcing goods or services from abroad, recovering VAT can be a challenge without the right experience and accounting support.

Asset depreciation

– If your online store uses significant assets such as IT systems or warehouse technologies, depreciation must be properly recorded. This applies to every business - and e-commerce is no exception.

Transactions in cryptocurrency

– Some online stores accept payments in crypto, which raises questions about proper accounting and tax treatment, including VAT implications.

Regular tax and financial reporting

– Your accountant must prepare and submit periodic VAT returns, corporate tax declarations, and other reports in accordance with both local and international regulations.

Accounting for online stores requires compliance with specific standards under Regulation No. H-18, the VAT Act (including OSS), and the Accounting Act regarding electronic documents and reporting. Our team closely follows all relevant regulations to ensure your business is fully compliant when selling remotely or operating through online platforms.

Why do online stores choose ATP Konsult?

Maria Ilcheva

Manager of Chiniyki Ltd.

"We have been working with ATP Konsult since the very beginning of our online store. With their help, we quickly adapted our accounting to all tax requirements and have continued our business in compliance with the latest B legislation changes. With their help, we have created an easy and efficient system to record all our sales and expenses. We have saved resources by avoiding errors when drawing up our business plan. We chose a payment system and warehouse management together, avoiding inefficient inventory management through sales analysis. We are grateful for the prompt communication and immediate action on any issues raised."

Contact us

Contacts