IPR Accounting

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IPR Accounting IPR Accounting helps product-based businesses fix financial chaos through systemised accounting, inventory clarity, and monthly control.
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We are the go-to specialists for Xero, Cin7 Core, inventory, and eCommerce accounting in Australia. We regularly see the same issues with businesses when it comes to inventory management. Many have inadequate inventory management systems and lack of business planning management of cash. When they don’t have clarity around the numbers, it prevents the business owner from ensuring the right business decisions are being made. Some of the regular things we see in eCommerce business are:

❌Overdue customer payments
❌Don’t know if the business is profitable
❌No cash flow management to pay big suppliers
❌Lack of live inventory support after using Cloud Inventory
❌Excel Inventory management is a waste of time and money

We have worked in the accounting and bookkeeping industry specializing in inventory accounting for 15 years, where our team at IPR Accounting has given our clients CERTAINTY and COMMITMENT by working together. That is why we help business owners to focus on cash flow solving and consistent accounting workflow with inventory management support by offering inventory accounting services so that they can take control of their business and plan for the future. We work as your part of your team. Our services are…

✅Cloud Inventory Implementation
✅Dear Inventory management support
✅Ecommerce automation intergration with Shopify or Woocommerce
✅Ecommerce bookkeeping with Dear/Cin7/Unleashed Inventory management system
✅Shopify/Woocommerce bookkeeping (Online store / Marketplace - Ebay or Amanzon)
✅Dear & Xero Inventory accounting audit service
✅Industry management and inventory Reports

Our service package is focus on problem solving what your business really needs. If this is you and you would like some further help, then we would be delighted to have a phone conversation with you to discuss a strategy for your business.

📱03 9876 9999

10+ years of trusted accounting support. 💚 Tim from Stream Diagnostics H2 Methane has trusted Shirley and the IPR team f...
09/10/2026

10+ years of trusted accounting support. 💚

Tim from Stream Diagnostics H2 Methane has trusted Shirley and the IPR team for over a decade, supporting their business with weekly accounting, monthly reporting and year-end finalization.
“Accounting stress-free.”

We’re proud to be more than just an accounting provider — we’re an extension of our clients’ teams.

👉 Looking for reliable accounting support? Book a Discovery Meeting with IPR Accounting.

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

07/10/2026

As your business grows, your accounting needs grow with it.

From bookkeeping and AR/AP to payroll, tax compliance and monthly reporting, IPR Accounting can provide a dedicated outsourced accounting team to support your business.

One team. Ongoing support. Clearer numbers.
👉 Book a Discovery Meeting with IPR Accounting.

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

“Your Accounting Team, Without the Overhead” You Don’t Have to Build an Accounting Department From Scratch. As your busi...
05/10/2026

“Your Accounting Team, Without the Overhead”

You Don’t Have to Build an Accounting Department From Scratch.

As your business grows, so does the complexity behind the numbers.
Bookkeeping.
Accounts Receivable.
Accounts Payable.
Payroll.
Tax compliance.
ATO lodgements.
Monthly reporting.

Instead of managing everything yourself or hiring multiple people internally, IPR Accounting can provide a dedicated 2–3 person accounting team to support your business.

With over 10 years of experience, we work as an extension of your team — helping keep your accounts organised, your compliance on track and your financial information clear.

Because growing your business shouldn't mean growing your accounting headaches.

One team. Ongoing support. Clearer numbers.

Want to know what an remote accounting department could look like for your business?
👉 Book a Discovery Meeting with IPR Accounting.

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

“I’m grateful to have you guys in my accounts team.” For Abraham Cheong and the iAbrahamPOS Team, being part of their ac...
05/10/2026

“I’m grateful to have you guys in my accounts team.”

For Abraham Cheong and the iAbrahamPOS Team, being part of their accounts team means more than simply handling the numbers. It’s about providing reliable support and being a team they can trust.

As Abraham shared:
“I am grateful to have you guys in my accounts team.”

Thank you, Abraham, for trusting IPR Accounting to support your business. We truly value the 10 years relationship we’ve built.

Clarity. Confidence. Control.
👉 Looking for an accounting team you can rely on? Book a Discovery Meeting with us.

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

Your eCommerce Sales Are $15K. So Why Did Only $11K Reach the Bank? Why Your eBay or Shopify Sales Don't Match Your Bank...
30/09/2026

Your eCommerce Sales Are $15K. So Why Did Only $11K Reach the Bank?

Why Your eBay or Shopify Sales Don't Match Your Bank Deposits

You look at your eBay account and see:
$15,000 in sales
Then you check your bank account.
Only $11,000 arrived.
Where did the other $4,000 go?

It may not mean your sales are wrong.

The difference could include:
Payment processing fees
Marketplace fees
Refunds
Adjustments
Other deductions before settlement
The integration meeting specifically raised this issue around eBay payments: the marketplace could show gross sales while fees are deducted before the remaining amount reaches the business bank account.
That's why bank reconciliation alone isn't enough for an eCommerce business.

You need to understand the complete flow:
SALE → FEES → ADJUSTMENTS → SETTLEMENT → BANK → XERO

If these aren't reconciled properly, your bank balance might look right while your sales, fees or financial reports don't tell the complete story.

For eCommerce businesses using Shopify, eBay, payment gateways and Xero, understanding the difference between gross sales and net settlement is an important part of financial control.

Does your marketplace sales figure match what reaches your bank account?
If not, don't just look at the difference.

Find out what is happening between the sale and the settlement.
👉 Book a Financial Health Check with IPR Accounting.

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

28/09/2026

The Hidden Cost Behind Your Inventory

Are You Recording Freight, Customs and Import Costs Correctly?
When you purchase products internationally, the supplier invoice isn't always the full story.

You might also have:
📦 Product cost
✈️ International freight
🧾 Customs charges
💳 Processing or administration fees
🇦🇺 Import GST

And these costs don't always arrive together.
In a recent Cin7 Core and Xero review, we worked through international purchases where freight, customs and import charges were being recorded separately, including shipments where multiple purchase orders were combined into one shipment.

The accounting question isn't simply:
“Where do I enter this bill?”

It's:
“What is this cost actually for—and where should it be recorded?”
For example, the meeting identified the need to distinguish international freight from other administration/document-processing costs and ensure GST was treated correctly.

Getting these classifications right helps give you a clearer view of:
Product costs
Gross margin
Freight expenses
Import costs
GST
Profitability
For product-based businesses, understanding the true cost behind getting inventory into your warehouse is essential for meaningful financial reporting.

Importing products into Australia?
Make sure your inventory and accounting systems reflect the real costs behind your stock.
👉 Talk to IPR Accounting about your inventory accounting and financial systems.

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

“You Sold It This Month. Did You Record the Cost This Month?”Your sales can be right—and your profit can still be wrong....
24/09/2026

“You Sold It This Month. Did You Record the Cost This Month?”

Your sales can be right—and your profit can still be wrong.
Imagine a dropship order is recorded this month.
The sale appears in your system.

But the corresponding supplier cost isn't recorded until next month.
What happens?
Your first month's profit can appear higher than it should because the sale and its related cost aren't reflected in the same reporting period.

During the meeting, Shirley specifically checked whether dropship sales and supplier costs were falling within the same month, explaining that timing differences can distort Cost of Goods Sold and net profit and may need to be reviewed during month-end accounting.

That's why good month-end accounting isn't simply:
“Did we record every transaction?”
It's also:
“Did we record it in the right period?”
Because accurate sales + incorrectly timed costs can still equal misleading profit.

🍏 The numbers need to tell the right story—not just add up.

Want more confidence in your monthly numbers? Talk to IPR Accounting.

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

“A Refund Isn't Just Money Going Back”Customer refunded. Done? Not quite. ↩️ For a product business, a refund isn't alwa...
23/09/2026

“A Refund Isn't Just Money Going Back”

Customer refunded. Done? Not quite. ↩️

For a product business, a refund isn't always just a payment going back to the customer.
Ask one more question:
What happened to the product?

If the customer returns it in good condition:
Refund → Product Returned → Stock Goes Back Into Inventory

But what if it arrives damaged—or the customer doesn't return it at all?
Refund → No Resellable Stock → Inventory Adjustment

That distinction matters.
During the integration meeting, this exact workflow came up. For a normal return, the stock could be received and restocked. But for a defective product that wouldn't return to saleable inventory, a different stock adjustment was required. The discussion then covered adjusting damaged stock separately rather than simply putting it back into available inventory.

Because your payment records and physical inventory need to tell the same story.

🍏 Every transaction has an operational story behind it.

Does your returns process flow correctly through inventory and accounting?
👉 Book a Financial Health Check.

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

22/09/2026

“Connected Doesn’t Mean Correct”

Your systems are connected. But are the numbers actually correct?
Shopify connects to Cin7 Core.
Cin7 connects to Xero

Orders are flowing automatically.
Everything looks like it's working.

But during a recent system review, we identified something important: GST wasn't being recognised correctly for some eBay sales. The integration was running—the accounting setup behind it needed attention.

That's the thing about automation:
Data flowing automatically doesn't guarantee it's flowing correctly.

Incorrect tax rules, account mappings or integration settings can quietly affect your:
→ GST
→ Sales reporting
→ Cost of Goods Sold
→ Profit
→ Financial reports

Good accounting isn't just connecting software.
It's making sure the right information reaches the right place.

Connected ≠ Correct.

Not sure what's happening between your eCommerce systems?
👉 Book a Financial Health Check.

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

21/09/2026

Do you really need more software to grow? 🤔

Not always.
The goal isn’t to have more systems — it’s to have the right systems for where your business is today, with a clear path for where you’re going next.

As your orders, inventory and sales channels grow, your systems should grow with you — without adding unnecessary complexity too early.

🍏 Start with what you need. Build for where you’re going.

👉 Book a Financial Health Check

🌐 www.ipraccounting.com.au/e-commerce
📧 [email protected]
📞 (03) 9876 9999

Address

Box Hill, VIC
3128

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

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