The 3 reconciliation mistakes costing e-commerce sellers thousands
If you sell on multiple platforms, your books are probably wrong. Here's what I see over and over:
1. Double-counting refunds. Shopify logs the refund, your bank shows the reversal, and suddenly you've got a phantom expense. Most sellers don't catch this until tax season — and by then it's a mess.
2. Ignoring payment processor fees. PayPal takes 2.9% + $0.30. Stripe takes its cut. Amazon takes 15%+. If you're recording gross revenue as income, you're overpaying on taxes.
3. Mixing personal and business transactions. This is the #1 reason e-commerce audits get ugly. If your business debit card bought groceries last Tuesday, your P&L is fiction.
The fix isn't complicated — it's just tedious. You need to match every transaction across every platform, every month.
That's exactly what we do at ReconBooks. We reconcile your multi-channel transactions monthly so your books are clean, your taxes are accurate, and you can actually trust your numbers.
