EcomBalance is a monthly bookkeeping service for ecommerce and Amazon Sellers similar to Hellotax or Taxdoo. The company offers services such as monthly bookkeeping, catch-up bookkeeping, CFO services, and more and it's integrated with Amazon, Shopify, Walmart, eBay, Etsy, and more sales channels.
Table of Contents
The tool looks for settlements, provides a clear summary of revenue, expenses and tax documents and provides clients with accurate and on-time financial reports, along with personalized insights and strategies to improve their financial standing.
Tired of limited Amazon Repricers?
👉 Check our Seller Snap unbiased review hereFeatures
EcomBalance offers a range of features to help businesses manage their finances. These include:
Monthly bookkeeping
Integrates your sales channels and accounts into Quickbooks Online or Xero, and prepares monthly financial reports including:
- Profit and Loss statement
- Balance Sheet
- Cash Flow statement
In addition to monthly bookkeeping, ecombalance.com can also handle tasks like accounts payable and receivable, payroll, and paying vendor invoices.
Catch-up bookkeeping
If a business is behind on their bookkeeping, ecombalance.com offers a catch-up service to bring the books up to date.
CFO services
Strategic financial advice to businesses, whether they are planning to sell or simply seeking guidance on how to improve their financial standing.
Customized solutions
Works with clients to understand their unique needs and offers customized solutions to fit their requirements.
Inventory bookkeeping
Ecombalance.com keeps track of a client's inventory records to help them better understand their stock levels.
Tax filing and preparation
This service ensures that their clients' financial reports are tax compliant and ready for year-end tax filing.
Integrations
EcomBalance integrates with Amazon, Shopify, eBay, Walmart, Etsy, and other marketplaces. This allows businesses to easily track their sales, expenses, inventory, and other financial data related to running an ecommerce business.
The complete list of integrations is:
- Amazon (all marketplaces)
- Shopify
- eBay
- Walmart
- Bigcommerce
- Xero
- Stripe
- Square
- Intuit Quickbooks
Pricing
EcomBalance offers three pricing plans: 6, 7 and 8 figures plus some addons. The pricing is based on transaction volume, number of accounts (banks, marketplaces, processors), and additional services.
Let's break them down:
- 6 Figures – Starts at $399/month
- 7 Figures – Starts at $599/month
- 8 Figures – Starts at $799/month
Every plan includes:
- Monthly books
- P&L, Balance Sheet
- Cash Flow Statement
- Dedicated Ecommerce Bookkeeping Team
- Fast Support
- Year-end Tax Ready Financial Statements
However, you need to ask for a free quote by creating an account, and it takes 1-2 business days to get the quote.
Ecombalance Review
EcomBalance is a monthly bookkeeping service for ecommerce and Amazon Sellers and more sales channels such as Walmart, Bigcommerce, eBay, Etsy… Their software looks for settlements, provides a clear summary of revenue, expenses and tax documents and provides clients with accurate and on-time financial reports, along with personalized insights and strategies to improve their financial standing.
Pros
- Integrates with multiple sales channels and accounts
- Provides a clear summary of revenue, expenses and tax documents
- Accurate and on-time financial reports
- No one-time fees when signing up
Cons
- Only works for US
- Pricing is a little bit shady, as you need to fill a long for and wait for 2 days for a personalized quote
- Prices may increase if business drastically changes
Our score
Alternatives to ecombalance
Here you can find the top ecombalances alternatives
About the author
Jordi Ordonez
I work as an independent eCommerce and Amazon consultant.
Clients
Estrella Damm, Intersport, Bella Aurora, Lladró, Textura Interiors, Nice Things Palomas, Castañer, Due-Home and many other clients.
Lecturer & Teacher
I teach and have been a speaker at: Meet Magento, Prestashop, Prestashop Day, SEMRush, Cambra de Comerç Barcelona, ClinicSEO, Ecommbeers, Ecommbrunch, Ecommercetour.com, Ecommfest, EOI, ESIC-ICEMD, Foxize, Generalitat de Catalunya, Inesdi, Quondos and The Valley.
In addition, I have done in-company trainings for brands such as Orange and Adidas.
Writer
Finally, I collaborate writing articles for Helium 10, Carbon 6, Shopify, SEMRush, Prestashop´s official blog, Brainsins, La Vanguardia, eCommerce-news.es, Marketing4ecommerce and other blogs and media.
Social profiles
- LinkedIn
- Twitter
- Wikipedia
- Youtube
- Quora
- About Jordi Ordonez
