What’s the best way to send all my expenses to my accountant?

Sell On Amazon Global Selling
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Afternoon, guys! Hope everyone is already smashing it in the new year!

I have a question that I hope you can help me with, it’s about accounting. Numbers really aren’t my strong suit!

I’ve been VAT registered for about six months now, and I usually just download my reports from Amazon and send them to my accountant. However, for my next return, he has requested a full list of expenses.

My accounting was quite messy until six months ago, but I then set up a business bank account to keep all my transactions in one place.

At the moment, all I have are my statements from my Monzo account.

Should I use Xero and Link My Books, or is there another way to do it? The accountant sent me a spreadsheet where I can manually enter all my purchases, but I explained that this would take far too much time, especially as I haven’t kept a proper tally from day one.

This is something I’ve been avoiding for way too long!

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You can’t download them all at once unless all the expenses have the same description but just different dates or months.

The only way is to go through the spreadsheet manually and trace it back to your statement to identify the expense and check if it includes VAT, etc.

Even LMB and Xero will require you to confirm if a certain transaction is an expense… lol.

Unfortunately, there’s no easy way around it.

Did you perhaps enter your expenses into STK or SellerBoard?

1 Like
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Thanks for the reply. Yes, I’ve been using Seller Toolkit since day one.

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So, in the expense section, did you enter them there? If you did, then just check the expenses month by month to see what you had. It should be easy enough to match the amounts with your bank statement and let your accountant know.

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Get bank statement from Monzo account, excel file is the best or PDF file - you can transfer Excel file. All expense is there.