E-Commerce Accounting Zero-Basics Course: Basics + Practice + Advanced

Target Audience

Shop owners, junior accountants and finance staff

Course content

36 lessons total, easy to get started

Foundations (Lessons 1-2)

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• Lesson 1: Core Accounting Basics
  Accounting number writing, accounting elements, accounts, and bookkeeping schemes
  Accounting records and reports
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• Lesson 2: Tax Fundamentals
  Current tax law system, taxation and tax law
  Hands-on tax training
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Hands-On Basics (Lessons 3-9)

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• Lesson 3: Business Entity Types and Platform Basics
  Business entity types and platform fundamentals
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• Lesson 4: Chart of Accounts and Common Business Bookkeeping
  What are accounting subjects and how are they classified?
  Common corporate accounting practices
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• Lesson 5: Using Finance Software — How New and Existing Companies Set Up Books
  Using the Ningmengyun finance software
  Bookkeeping setup process for new companies
  Creating a new ledger and importing opening balances
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• Lesson 6: A Case Company's Monthly Bookkeeping and Statement Preparation
  Recording daily business transactions
  Month-end voucher settlement and closing
  Preparing financial statements
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• Lesson 7: Common E-Commerce Taxes and Filing Process
  Understanding VAT, surcharges, and stamp duty
  Filing process
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• Lesson 8: Filing Corporate Income Tax and Personal Income Tax
  Corporate income tax incentives and eligibility
  Filing corporate income tax
  Individual income tax calculation and filing
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• Lesson 9: Annual Reconciliation and Settlement
  Hands-on annual reconciliation filing
  Common challenges in annual reconciliation
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Advanced Breakthrough (Lessons 10-36)

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• I. What an E-Commerce Accountant Does
  Similarities and differences between e-commerce and traditional finance
  Responsibilities of an e-commerce accountant
  E-commerce vs. traditional accounting
  Challenges of e-commerce finance
  Company registration
  Other company funds and their accounting treatment
  Methods for recognizing revenue
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• II. Setting Up the Account Set
  Preparation before setting up books
  Nature of the business
  Tax registration and filing
  Data collection
  Bookkeeping setup for new and existing companies
  Bookkeeping setup for new companies
  Splitting accounts for existing companies
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• III. Preparing Before Bookkeeping
  Obtaining data from e-commerce platforms
  Obtaining e-commerce revenue data
  Ways to pull store income and expense records
  Pulling data from Alipay
  Ways to pull Alipay transaction records
  Ways to obtain Alipay statements
  Pulling inventory-in/out data
  Data extraction with an ERP system
  Data extraction without an ERP system
  Inventory counting
  Matching various data sets
  Matching Taobao order details with shipping details
  Matching Taobao orders with Alipay receipts
  Issuing invoices
  Issuing platform invoices
  Issuing Alipay invoices
  Invoices issued to the platform
  Invoices issued to consumers
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• IV. E-Commerce Bookkeeping
  Revenue recognition
  Timing of revenue recognition
  Data sources for e-commerce revenue recognition
  Cost recognition
  Timing of cost recognition
  Data sources for cost recognition
  Cost accounting methods
  Handling platform fees
  Accounting for annual store fees and deposits
  Accounting for commission deductions and points
  Accounting for promotion fees and deduction methods
  Journal entries and treatment of promotions
  Accounting for free gifts and key considerations
  Accounting for Taobao commissions and key considerations
  Methods for booking other funds and key considerations
  Handling daily expenses
  Accounting for meals and tea
  Accounting for holiday gifts and tax implications
  Accounting for rent and utilities
  Accounting for office expenses
  Accounting for computers and printers
  Software service fees
  Consulting service fees
  Trademark and patent expenses
  Vehicle fuel costs
  Entertainment expenses
  Travel expenses
  Accounting for labor costs
  Salaries
  Social insurance and housing fund
  Commissions
  Bonuses
  Subsidies
  Profit sharing / dividends
  Accounting for taxes
  VAT
  Surtaxes
  Stamp duty
  Corporate income tax
  Individual tax on dividends
  Individual income tax
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• V. Tax Filing
  VAT and surtaxes
  Recognizing revenue without invoices
  Input VAT credit deduction
  Completion of declaration form
  Stamp duty and individual income tax
  Adding/removing employees and entering special deductions
  Completion of declaration form
  Social insurance
  Quarterly corporate income tax filing
  Annual corporate income tax filing (reconciliation)
  Filling in company basics and choosing reports
  How to fill out the reports
  Entering non-deductible items
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