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Accounting & VAT

Real accounting, built for e-commerce.

Full double-entry bookkeeping. HMRC-ready 9-box VAT returns. Bank reconciliation via Open Banking. Automatic sync from every sales channel with accurate per-order fees. No spreadsheets. No accountant begging you for a CSV at month-end.

HMRC 9-box VAT
TrueLayer bank feeds
Making Tax Digital ready
Profit & Loss
March 2026
Posted
Revenue£42,180
Shopify sales£18,420
eBay sales£14,290
Amazon sales£9,470
Cost of goods£15,230
Operating expenses£8,440
Net profit£18,510
Why not just use Xero?

Because Xero wasn't built for multi-channel e-commerce.

Xero and QuickBooks are excellent for service businesses. For multi-channel e-commerce, you end up stitching in A2X, Link My Books, or Dext — plus a manual month-end ritual of matching Shopify payouts to PayPal fees to eBay deductions. CholaVerse does all of that natively, because your sales data already lives here.

No add-ons needed

A2X costs £59/mo. Link My Books £29/mo. Dext £19/mo. CholaVerse includes the equivalent of all three — because your orders and accounts are already connected.

Accurate per-order fees

We pull actual fees from eBay Finances API and Amazon SP-API — not estimated percentages. Your margins are real, not guessed.

UK-first, always

Built for the UK tax year (April–April), Flat Rate Scheme, cash vs. accrual, Making Tax Digital. Not an American product with UK "support."

Inside the Accounting module

Real double-entry. Real reports. Real VAT.

Full UK chart of accounts

Pre-configured UK e-commerce chart of accounts. Sales (by channel), cost of goods, marketing, shipping, courier fees, platform fees, payroll, property, VAT liability, drawings — everything already sits where it should.

Draft / posted workflow

Orders auto-sync as drafts. Review, then post in bulk at month-end. Posted transactions create balanced journal entries automatically. Audit trail for every change.

Invoicing with PDF export

Branded invoices, auto-numbered, PDF export, email via your SMTP. Mark as sent / paid / overdue. Aged debtors report across all customers.

Bank reconciliation

Connect Lloyds, Barclays, HSBC, NatWest, Monzo, Starling — 98% of UK banks via TrueLayer Open Banking. Daily auto-sync. Auto-match transactions with ±£0.01 tolerance.

9-box HMRC VAT returns

Auto-calculated VAT boxes. Quarterly periods created automatically. Making Tax Digital ready — file direct to HMRC when our live API goes live (Q2 2026).

Full suite of reports

Profit & Loss, Balance Sheet, Trial Balance, General Ledger, Aged Debtors, Aged Creditors, VAT Return. All filterable by date, all exportable to PDF.

Platform-specific CSV import

Purpose-built parsers for Shopify Payouts, eBay Transaction Report, Amazon Payment Report, WooCommerce Orders, Etsy Finance CSV. Upload, parse, match, post — in seconds.

Month-end workflow

7-step guided close: import CSVs → review drafts → post all → bank reconcile → review VAT → generate reports → lock period. No more "did I forget something?"

HMRC 9-Box VAT

VAT returns, auto-calculated.

The 9-box VAT return, automatically built from your posted transactions. Review it, submit to HMRC (Q2 2026 direct API, CSV export today).

£8,436
Box 1
VAT on sales
£0
Box 2
VAT on EC acquisitions
£8,436
Box 3
Total VAT due
£1,688
Box 4
VAT reclaimed
£6,748
Box 5
Net VAT payable
£42,180
Box 6
Net sales
£8,440
Box 7
Net purchases
£0
Box 8
EC sales
£0
Box 9
EC purchases

Example: Q1 2026 VAT return for a UK Shopify + eBay + Amazon seller on standard 20% VAT.

How transactions flow

From order to VAT return — automatic.

Step 1
Order placed

Shopify / eBay / Amazon

Step 2
Synced as draft

Auto, every hour

Step 3
Reviewed & posted

Bulk at month-end

Step 4
VAT calculated

Quarterly 9-box

How it compares

CholaVerse vs. Xero vs. QuickBooks.

CholaVerse Accounting Xero + A2X QuickBooks + Link My Books
Built for multi-channel e-commerceAdd-onAdd-on
Native Shopify/eBay/Amazon order syncVia A2XVia Link My Books
Actual per-order platform fees✓ via A2X✓ via LMB
HMRC 9-box VAT
Bank reconciliation (TrueLayer)
CRM + stock + payroll in same system
Unlimited usersPer-seatPer-seat
Total cost per month£79 (full platform)£33 Xero + £59 A2X = £92£38 QB + £29 LMB = £67

Xero Standard + A2X Growth. QuickBooks Essentials + Link My Books Pro. Pricing April 2026, excludes VAT.

Your books. Done right. No add-ons.

Connect your bank and your sales channels. We handle the rest — including your VAT return.