Say goodbye to the pain of manually recording your Amazon deposits in Xero or QuickBooks. A2X is the perfect solution for you. This incredible technology pulls your data, crunches the numbers, and generates a neat deposit summary. Once the summaries are ready, it seamlessly pushes them into your Xero or QBO accounting system. We specialize in helping Amazon clients implement A2X into their bookkeeping, making their business run smoothly and efficiently.
New QuickBooks Integration and COGS Tracking
A2X is a valuable tool for both Xero and QuickBooks Online users. They recently released the QuickBooks integration after completing beta testing in 2017. The software efficiently manages Amazon sales data and sends summary information to the preferred accounting system. We meticulously map the A2X export data to the accounting software accounts to ensure seamless data flow.
Currently in Beta testing, A2X offers a new feature to track product costs. Once product costs are loaded, A2X monitors new inventory value at Amazon and creates entries to record Inventory arrivals and Cost of Goods sold in the books. This feature helps tackle one of the biggest challenges for Amazon Sellers – Inventory. We work closely with our clients to ensure accurate data, including understanding product costing, mapping accounts, and maintaining data for proper accounting results.
Benefits of A2X
Biggest Benefit: Saving Time. Save time and reduce manual work as an Amazon seller with A2X. No more tedious hours of transferring data from Amazon to your QBO or Xero accounts. With A2X, you can do it all in just five minutes. Accept your Amazon settlements with a simple click of a button in Xero or QBO. This time-saving solution allows you to focus on crucial aspects of your business, such as creating new products for Amazon or developing long-term business goals.
Accuracy. This tool gives you precise monthly financials for your Amazon sales and breaks down your Amazon settlements to match the exact amount of money in your e-commerce business account. Returns, shipping costs, sales tax and other complex Amazon fees are accurately detailed into Amazon’s settlement journal entries.
Clarity. Your sales, fees and COGS statements get matched correctly and are put into the appropriate period. This tool is an incredibly reliable way to post your income properly. You deserve to have a clearer picture of your financial results to plan your steps towards profitability.
International. This software works with all Amazon marketplaces and currencies worldwide. Currencies are converted automatically to the country currency your transactions come from. This helps you expand your business overseas and track your money effectively. We work with you to help you set up the currency conversion clearing accounts and ensure they track the transactions from the originating currency into the dollars that hit your bank.
A2X gives you a free demo with no credit required. Their four tier pricing means there is a package that is right for your business
- Mini – lowest price available – $19 per month. This package allows you 1 Amazon account with 1 Amazon marketplace and can track up to 200 orders per month.
- Starter – starting at $39 per month, you can manage 1 Amazon account in 1 Amazon Marketplace with up to 1,000 orders each month.
- Standard – most common choice which is priced at $59 per month. It allows 1 Amazon account with up to 5 Amazon marketplaces. You can track up to 5,000 orders per month.
- Premium – the biggest package you can buy is priced at $149 per month with 1 Amazon account in 5 Amazon marketplaces. This package differs from the standard because it offers priority support, personalized account setup and can manage up to 10,000 orders per month.
Focus on Profitability
Using this software helps us efficiently reconcile Amazon sales so we can focus our efforts on helping your business grow. Using consistent, accurate financial reports enables us to pinpoint the factors driving profitability in your company. Let’s take the stress out of creating business financials and grow your business.
Want to book an appointment? Contact us now!