Amazon last week promoted its Amazon Lending program with a press release announcing that it has surpassed $3 billion in loans to small businesses since the its launch in 2011. Amazon Lending provides funds to businesses that sell through Amazon marketplaces, with the loans repaid from the proceeds of products sold through Amazon. The concept…
Selling on Amazon? Here’s how to spend less time on accounting, and more on your business
If you’re an Amazon marketplace merchant, you’ll know that selling through the platform isn’t all smooth sailing. In fact, when it comes to balancing your books, there are some serious headaches to deal with. Sales data from Seller Central is delivered in an overly complicated format, which doesn’t mesh easily with most accounting systems. This…
Amazon, accounting, and A2X
Why e-commerce accountants love A2X. The apparent simplicity of selling through the Amazon marketplace can be deceptive. Although the Amazon Seller Central portal provides details of each transaction in reports and file downloads, as businesses grow and sales increase, accountants and sellers start to find these reports unhelpful – to say the least. Amazon’s sales…
Bookkeeping, no longer the bane of a booming Amazon business
How one Amazon seller used A2X to solve his bookkeeping issues and to prepare his business for a successful sale. For Nick Losciuto, the boom in his Amazon sales was becoming a double-edged sword. Just before he sold it this year, Nick’s business Compatible Parts was processing tens of thousands of orders every month –…
A2X Talks Nerdy on Xero Developer TV Episode 10
Last week Xero released their 10th episode of Developer TV, and I got to be in it! Regan and I met at the Xero offices in Auckland and talked about the A2X tech stack, the Xero ecosystem and my advice for getting started with a Xero integration. Check out the full interview below (starts around…
A2X is coming to QuickBooks Connect Sydney in May 2017
We’re very excited to say we’ll be attending QuickBooks Connect on 18 May 2017 at the Sydney Cricket Ground. For accountants attending the event, we’ll be available for meetings throughout the day to talk about how A2X helps to automate and streamline your Amazon seller client accounting. If you’re an Amazon seller using QuickBooks and…