CASE STUDY
Multi-Currency Accounting Cleanup for a US-Based E-Commerce Company
Challenges Faced:
Books maintained partly in Excel and partly in QuickBooks Online.
Severe reconciliation differences between Shopify, payment gateways, and bank statements.
Incorrect multi-currency setup, leading to FX misstatements.
Poor chart of accounts structure.
Month-end closing delays of more than 30 days.
No audit-ready documentation.
Client Location:
Company Size:
SME (Multi-state operations)
United States.
Project Challenges (During Execution):
Incomplete historical transaction data from payment gateways
Duplicate entries due to incorrect API sync
FX gains/losses incorrectly booked as revenue
Inconsistent tax mappings across states
Software:
QuickBooks Online
Shopify Integration.
Algebraa’s Solution:
Conducted a system study and gap analysis
Rebuilt the chart of accounts aligned to US GAAP
Cleaned and reconciled 18 months of historical data
Correctly configured multi-currency and FX revaluation
Automated Shopify and payment gateway integrations
Implemented monthly close checklist and review controls
Industry:
SE-Commerce
Retail.
Tools & Technology:
QuickBooks Online
Shopify Integration
PayPal & Stripe Feeds
Custom MIS dashboards
Results Achieved:
Month-end close reduced from 30 days to 7 days
100% bank, gateway, and platform reconciliation
Accurate FX reporting and profitability analysis
Audit-ready books for CPA review
Improved cash flow visibility
Client Feedback:
“Algebraa transformed our books from chaos into clarity. Their understanding of both e-commerce and accounting software made all the difference.”