E-commerce Sellers + Annual Company Accounts: The Challenge
As an e-commerce seller, preparing bank statements for annual company accounts is a common but time-consuming task. Preparing annual accounts for Companies House requires reconciling a full year of bank transactions. Many small companies still rely on PDF statements from their bank.
How BankScan AI Helps E-commerce Sellers with Annual Company Accounts
Convert your bank statements to structured spreadsheets so you can match marketplace payouts, refunds, and fees against your sales records. For annual company accounts specifically, BankScan AI extracts Opening and closing bank balances, total income received, categorised expenditur automatically.
How E-commerce Sellers Handle Annual Company Accounts
When preparing bank statements for annual company accounts, e-commerce sellers need to E-commerce sellers receive batched payouts from marketplaces and payment processors, then reconcile these against individual order records. They need . BankScan AI automates the data extraction step.
Key terms you'll encounter: marketplace payout, settlement report, chargeback, FBA fees.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload Full financial year (12 months), aligned to the company's accounting reference date of statements for annual company accounts.
AI extracts what you need
Our AI extracts Opening and closing bank balances, total income received, ca — formatted for e-commerce sellers workflows.
Complete your annual company accounts work
Download Excel files ready for annual company accounts. Full year reconciled to the nominal ledger, with month-end balances matching bank reconciliation statements, ready for trial balance extraction
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for E-commerce Sellers — Annual Company Accounts
- Built for E-commerce Sellers — Saves 2-3 hours per week on marketplace payout reconciliation for sellers processing 500+ orders per month across multiple channels
- Software compatible — Output works directly with Xero, A2X, QuickBooks
- Built for Annual Company Accounts — Convert your full year of bank statements to Excel for fast reconciliation, trial balance preparation, and Companies House filing.
- Key data extracted — Opening and closing bank balances, total income received, categorised expenditure, inter-company transfers, director loan account movements, dividend payments
Compliance: E-commerce Sellers + Annual Company Accounts
When e-commerce sellers prepare bank statements for annual company accounts, specific compliance requirements apply.
- VAT registration is required above the threshold, and e-commerce sellers must account for VAT on sales to different countries under OSS rules. Making Tax Digital applies for VAT returns. HMRC has been increasing scrutiny of online sellers, requiring accurate income records from bank statements.
- Legal basis: Companies Act 2006 sections 394-397 (duty to prepare accounts) and sections 441-453 (filing requirements and penalties)
Annual Company Accounts — Built for E-commerce Sellers
Accounts must be filed within 9 months of the accounting year-end for private companies; late filing penalties start at 150 GBP and escalate to 1,500 GBP
Try Free — E-commerce Sellers + Annual Company Accounts