How-To Guide: Easily Integrate Walmart With Xero
Estimated reading time: 4 minutes 30 seconds.
Ensuring that your accounts are reconciled, accurate and up-to-date is easier said than done for most ecommerce sellers.
It’s tricky enough for those selling only on Walmart Marketplace, but if you have a more diverse portfolio with multiple channels and potentially locations, balancing those books can be a real minefield. Unfortunately though, it is a crucial part of the business.
Automating your accounting makes good business sense. When you automate, your transactions are downloaded as settlement payments come through, which means that you can keep on top of your orders, and bank deposits with ease.
Integrating your Walmart Seller Center account with Xero doesn’t, however, give you the layer of detail that you really need as an ecommerce seller. Profit margins, sales tax, Walmart fees, fulfilment charges and reimbursements are all things you need to stay across, but none of these are broken down for you.
None, that is, without A2X.
In this guide, we’ll show you how to integrate Walmart with Xero, and why using A2X, an accounting connector app, can make all the difference.
Simpler Walmart Accounting for Ecommerce Sellers
The ecommerce industry is worth trillions, and it’s growing at speed. One of the greatest challenges faced by sellers in their growth and forward-planning is having reliable books on which to base their strategies.
Can you trust your numbers? If not, then how can you make clear and well thought out decisions?
With A2X in your accounting technology stack, you will have:
Accounts organized via the accrual method
The two main methods of accounting are cash basis and accrual basis. The key difference between these is when transactions are logged and accounted for. Without A2X, Xero will import completed orders only.
A2X gives you a more dynamic overview of your business by integrating your Walmart Seller Center account with Xero and importing your transactions on a settlement basis.
If a settlement payout includes transactions from different months, A2X separates these for you into month-specific invoices, perfectly matching your bank deposits.
What this adds to your ecommerce business is a clearer understanding of revenue and expenses generated each month, rather than judging performance based solely on bank deposits.
This is a more accurate view of your real-time cash flow, which makes it easier to forecast and adapt.
The detail you need to succeed
Without A2X, your deposits will be sent from Walmart Marketplace to Xero without any detail as to where the amount came from. Were fees taken, fulfilment charges, sales tax collected, reimbursements included? It would be easy to pay higher fees without realising or to miss mistakes.
Not to mention, when it comes to calculating profit margins or tax collected? Hello, late nights and lots of caffeine.
Accurate, automatic numbers
Software is designed to complete repetitive tasks perfectly, every time. Human beings? Not so much.
With A2X, you can set a blueprint for how your accounts and taxes will be mapped from Walmart Marketplace into Xero so that your financial records are correct, reliable and consistent.
Simply set and forget: A2X has got your Walmart accounting needs covered.
The time to unlock your full potential
With all this extra time saved from not manually managing your accounting, you can invest it elsewhere.
What could this mean for your business? Perhaps the time to go after new clients, diversify your selling platforms, optimize your marketing or find new products? The possibilities are endless - and you get to choose.
A2X acts as an organiser providing Xero with neat summaries of transactions which match Walmart payouts, ready to be reconciled in just a few clicks.
Walmart Marketplace Integration with Xero & A2X
Get ready to work smarter, not harder and sync Walmart Seller Center with A2X and Xero.
All three platforms work seamlessly together:
Step-by-Step Walmart Integration with Xero and A2X
- Sign-up for your free trial of A2X.
- Link A2X with Xero: when you sign up, you’ll have the option of connecting your Xero account right away. Select “Connect Now” with Xero. You’ll need your Xero login. Follow the instructions and when done, you’ll be redirected to your A2X dashboard. Check the “Connections” section to check that Xero successfully connected.
- Link A2X with Walmart: in your A2X account, go to Settings > Connections and select “Continue with Walmart”. You will be asked for your Walmart Client ID and Client Secret. Enter those, and select “Connect Walmart”.
Your Walmart Marketplace will now be connected, and you will be redirected back to your A2X dashboard.
NB: A2X is read-only for your ecommerce store, so won’t change anything.
- Configure your bank accounts: under Settings > Connections, you will need to tell A2X where money is coming from and going to. This will enable it to balance both and summarise accurately.
- Set up your account and tax mapping: this will mean that imports will arrive coded according to your blueprint and ready to reconcile.
It’s a good idea when first starting to wait for a few different transaction types to import so that you can adjust your settings for each up front. For more detailed instructions on this step, check out our guide.
- A2X downloads from Walmart: you should see your dashboard collecting data from Walmart Seller Center. This is where transactions will be matched and grouped before being sent to Xero to reconcile.
There are a few steps to get going, but once you are up and running, the system will continue automatically. For help with any of these steps, check out our dedicated A2X support centre.
Start Your Free Trial of A2X for Walmart Accounting
Thousands of ecommerce sellers on Walmart, Amazon, Shopify, eBay and other leading platforms use A2X to simplify their online bookkeeping, for good reason!
Are you ready to take the hassle out of Walmart accounting? If so, click here to sign up for your free trial.
Also on the blog:
- Walmart vs. Amazon: The Changing Landscape for Ecommerce Sellers
- Scaling Your Walmart Seller Business
- Walmart Sales Tax
- Ecommerce Accounting and What Makes It So Different
- Understanding Ecommerce Sales Tax
- Ecommerce Accounting Principles
- Find an Ecommerce Accountant
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