Get Better Accounting for Shopify with A2X for Shopify
Shopify sellers have better accounting with A2 Seamless accounting with A2X for Shopify integration
In today’s technology-driven world, there really is no excuse for poor accounting. While most businesspeople – Shopify sellers included – find it a monotonous and time-consuming chore, it’s essential for tracking, managing and optimising the growth of your business.
When you can (sooner rather than later), you’ll need to say goodbye to your spreadsheets, and invest in good accounting software. Having a robust system in place will help you manage your cash flow and taxes – simplifying your finances.
On top of that, there’s one more accounting tool you seriously need to consider – not only for your sanity but because of the problem it will solve. For Shopify sellers, the single biggest pain point with your accounting will be importing individual transactions into your accounting system. No matter how good your accounting software, this only throws a spanner in the works, clogging your system – and making reconciliation a nightmare.
If you’re a new Shopify seller having issues with your accounting, you need A2X for Shopify.
Where it all started
A2X is the brainchild of two software engineers – Ashley Schroder and Paul Grey – and is founded on ten years’ worth of experience working with Amazon’s marketplace systems. Both Ashley and Paul have been selling internationally with Amazon and FBA since 2008, knowing all too well from first-hand experience the accounting challenges faced by Amazon and Shopify sellers.
In 2015, the A2X for Amazon integration launched with Xero and QuickBooks Online. Over the years, it has helped countless Amazon sellers with accuracy and reconciliation. It didn’t take long for the Shopify market to come looking for a similar solution, and in June 2019 the A2X for Shopify integration landed.
How A2X for Shopify works
At its core, A2X for Shopify is an integrator and is designed to help your e-commerce platform and your accounting software work better together. That’s not to say either platform won’t work without A2X – but they certainly won’t work as efficiently.
You’ll find, as your business grows and order numbers increase in volume, importing Shopify pay-outs data into your accounting software will quickly become a mammoth task.
Manually transferring data using spreadsheets requires a lot of manpower. This is where the real value of an integrator app becomes obvious.
Your Shopify pay-outs comprise several different transactions – sales revenue, transaction fees, refunds, plus other data.
With that in mind, even if you’re only processing a couple of orders a day, you can see how dumping all that data into your accounting system could rapidly overwhelm it.
A2X for Shopify collects this transaction data, organises it, and then creates accurate summaries of each group. The app then exports this information into your accounting system automatically.
By starting with a summary of your pay-outs instead of individual sales, reconciliation is easier and more accurate. You can compare sales from other avenues like Amazon with greater levels of accuracy and know you can rely on accurate financial data to make better business decisions.
It’s the tool both experts and everyday people use
Most e-commerce sellers will sell their products across several different platforms to reach different target audiences. This is the beauty of e-commerce – there are no boundaries – but operating in this way means multiple payment gateways can complicate things.
- Forget about having to import data – once set up, A2X will automatically recognise new pay-outs every time they appear in your bank account.
- Make it your own – create your ideal accounting set-up by choosing the mapping of each type of transaction in your chart of accounts.
- Say goodbye to multiple accounts for different stores – if you have more than one Shopify store, simplify your finances for them, all within the same A2X account.
- Multiple currencies are no issue – A2X works with all currencies and multi-currency stores.
- If something goes wrong, don’t panic – simply reverse the statement without losing any of your financial data.
E-commerce accountants all around the world use A2X with their clients and for their own businesses. Then there are e-commerce sellers, like Peter Richardson, who find A2X so easy they even use it themselves.
“I’ve been so impressed with A2X for Amazon that we’ve implemented A2X for our Shopify store. Existing apps and integrations to move Shopify’s sales data into QuickBooks online are on two ends of a spectrum – low-cost with limited functionality, or expensive with high functionality – but nobody has built anything until now for those sellers that are in between.
“A2X for Shopify pulls in all of the sales and revenue data that we would expect, based on our experience with A2X for Amazon.” – Peter Richardson.
The secret to seamless accounting
Accounting might not be everyone’s forte, but that doesn’t mean it has to be problematic. If you’re still manually reconciling your Shopify pay-outs, pulling out fee, refund and adjustment data, then you’re also probably aware of how many hours you spend reconciling your accounts on a monthly basis.
Save yourself hours, and benefit from more accurate bookkeeping, by simplifying the flow of your financial information from Shopify to your accounting system, with A2X for Shopify.
When you’re ready, here’s a guide to help you seamlessly integrate A2X for Shopify with Xero or QuickBooks Online. For a more in-depth look at accounting for Shopify, here’s a definitive guide to Shopify accounting.
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