Amazon

What is ecommerce accounting?

Estimated reading time: 7 minutes. As bookskeep CEO Cyndi Thomason puts it, “ecommerce businesses are really data businesses” – and we couldn’t agree more! While most ecommerce sellers don’t get into business for the accounting, it’s important to understand your numbers if you’re to grow not only a profitable business, but a healthy one too. bookskeep started like most other ecommerce businesses, out of necessity. As ecommerce specialist bookkeepers, Cyndi and her team help clients towards financial freedom through efficient and smart financial management.

Understanding Ecommerce Sales Tax

Estimated reading time: 10 minutes 30 seconds. Ecommerce sellers used to have a pretty easy time when it came to sales tax, but those days are gone. In June 2018, a landmark case turned the tide on sales tax collection for good. The Wayfair vs. South Dakota ruling redefined the criteria for business owners eligible to pay sales tax. Prior to this ruling, business owners needed physical presence in a state to be considered eligible to remit sales tax.

Getting started with Amazon accounting

Estimated reading time: 4 minutes 30 seconds. Starting a business is a whirlwind of activity that involves a wide range of different tasks, and presents a unique set of challenges for every startup. Amazon makes it easier to reach paying customers by providing an advanced online marketplace with millions of active shoppers, and offering fulfilment warehousing (FBA) to simplify the logistical side of things. Whilst it is tempting to dive into development and focus on action, some prior research, planning and self-education can make the journey of entrepreneurship much less challenging and significantly reduce your chances of failure.

How to grow your Amazon seller client base

Estimated reading time: 10 minutes 30 seconds. If you’re an accountant trying to establish your niche, serving Amazon sellers is a great way to get your name out there. In 2019 there were 3 million active sellers on Amazon, in 16 worldwide marketplaces. That’s a sizeable pool of potential clients for an accountant. Marketplace sellers sold $200 billion worth of products in 2019, so that’s a good indication that they’ll be able to outsource their accounting and bookkeeping to a professional such as yourself.

Common Amazon accounting mistakes

Estimated reading time: 3 minutes. In this short video, Patti Scharf, Co-Founder and “Chief Accounting Tech Geek” at Catching Clouds breaks down the most common errors made in accounting for Amazon sellers. Inaccurate or incomplete accounts can cause a multitude of problems, and make bookkeeping for Amazon sellers a nightmare. Nurturing a successful business is virtually impossible without solid numbers on which to base your strategy. Check out the video below or our summary to find out why, according to Patti, these mistakes are easy to make, and discover the best Amazon accounting services out there to help you avoid them.

What makes ecommerce accounting different?

Estimated reading time: 5 minutes. You’ve started an ecommerce store, and you’re slowly getting the different parts of your business sorted – suppliers, inventory, sales and marketing. Then you get to the not-so-simple matter of sorting your accounting. You remember taking a couple of accounting classes way back in high school, so you could try and muddle your way through if you had to. Then you read it’s recommended ecommerce sellers work with ecommerce accountants – and you wonder, how are they different from traditional accountants?

What is sales tax?

Estimated reading time: 4 minutes. This article is a guest post from our good friends at MuseMinded. They have teamed up with The Tax Butler to offer a free sales tax starter kit for US-based Amazon sellers. This is the first blog in a three-part series which looks at the basics of sales tax for ecommerce sellers and where you can find help. The next two parts cover: Sales tax strategies for Amazon FBA sellers in the United States.

Amazon transaction types and fees

Estimated reading time: 10 minutes. Amazon Seller Transactions and Transaction Fees As an Amazon seller, you’ll need to have your finger on the pulse when it comes to your Amazon seller transactions. But with such a broad scope of potential transactions, it can be difficult to keep track of everything. We’ve already broken down the FBA Seller Fees. In this article, we’re giving you a comprehensive list of each transaction type to help you understand what’s going in and out of your account, regardless of whether you’re selling with FBA or fulfilling your own Amazon products.

Sales tax strategies for Amazon sellers

Estimated reading time: 6 minutes. This article is a guest post from our good friends at MuseMinded. They have teamed up with The Tax Butler to offer a free sales tax starter kit for US-based Amazon sellers. As an Amazon seller in the United States, complying with sales tax can become an extremely complex burden if it isn’t managed properly. This is due to the fact that each state has different tax rates, filing frequencies and other requirements.

Amazon VAT guide (UK & Europe)

Estimated reading time: 51 minutes. Otherwise known as ‘value-added tax’, VAT is a type of consumption tax that is paid by end users on products and services. In different regions, VAT is referred to by different names. For American sellers, it is called ‘sales tax’. In Australia and New Zealand, we call it ‘goods and services tax (GST)’. While the rules around how VAT is managed are different for each economy, there are a wide range of things that they all have in common.

Options for filing sales tax returns

Estimated reading time: 5 minutes 30 seconds. This article is a guest post from our good friends at MuseMinded - The Amazon Accounting Specialists. They have teamed up with The Tax Butler to offer a free sales tax starter kit for US-based Amazon sellers. As the third and final article in our three-part series, this blog post takes a look at filing frequencies, and some of the ways that you can file your sales tax returns.

How A2X can help your ecommerce clients

Estimated reading time: 3 minutes. A2X has been working with Jeremiah Kovacs since 2014. Jeremiah is the founder and owner of MuseMinded, an ecommerce accounting firm for small to medium-sized Amazon sellers. Today, MuseMinded is a thriving accounting business helping Amazon sellers conquer the financial corner of their business. MuseMinded does this, in part, by teaching sellers how to automate their accounting tasks. Empowering Customers Jeremiah is passionate about entrepreneurship, family and living with intention.

Amazon sales tax guide

Estimated reading time: 18 minutes 30 seconds. In 2020, the US is estimated to have spent over $370 million on retail ecommerce sales. By the end of 2021, this figure is expected to surpass $400 million. When Amazon was founded, the internet was relatively new and sales tax was something cemented in bricks and mortar. People shopped on streets - not online - so a physical address was enough for states to keep tabs on businesses.

How sales tax law is changing

Estimated reading time: 4 minutes. The internet has changed the way we buy and sell. Online marketplaces such as Amazon and eBay now dominate the retail landscape, and more and more retailers are moving online. In the US, tax law is changing in response. Rather than missing out on online sales tax, states are adapting their laws and introducing new legislation in order to force sellers or online marketplaces to collect and remit sales tax.

Amazon income tax guide (United States)

Estimated reading time: 8 minutes. Most Amazon sellers bring in around $1000-5000/month in revenue, with around 6% making upwards of $250,000. Even after the costs and fees hidden behind those figures, that’s some substantial income. “Income” doesn’t just mean “salary”. A one-off garage sale worth $200 is technically income. It is simply money received, usually in exchange for goods and/or services. Selling on Amazon very much qualifies as an income source.

Where to find an ecommerce accountant

Estimated reading time: 5 minutes. Introducing the ecommerce accountant directory. Find your new ecommerce accountant here. It’s a complicated beast, accounting, and as an ecommerce store owner, you’ll have had first-hand experience. Ecommerce has grown at a tremendous rate, and with this growth comes a new wave of ecommerce experts. A2X works closely with a fantastic network of ecommerce accountants from all over the world, who are highly experienced with A2X and more importantly, understand the accounting complexities experienced by ecommerce sellers.

Finding an Amazon accountant

Estimated reading time: 5 minutes 30 seconds. Hiring an accountant for your Amazon business can be expensive. And if you’re a startup or small business selling through the Amazon marketplace, doing it yourself can seem like a smart way to save money. But as you grow, your accounts get more complicated. You may need to switch from cash accounting to accrual accounting, and you’ll probably find it harder and harder to handle the information coming in from Amazon – their settlement data is notoriously difficult to reconcile.

How To Sell To Amazon Directly [Guide]

Estimated reading time: 8 minutes. When most people think about doing business with Amazon, it’s in the format of using the platform to sell to customers. But this isn’t the only option. You can sell to Amazon directly, as part of their vendor program. Becoming an Amazon vendor takes away the customer service or brand management aspect of your business, replacing it with a focus on distribution and fulfilment. You are the backend, not the front.

eBay vs. Amazon: Where Should You Sell [Ultimate Guide]

Estimated reading time: 19 minutes. Amazon and eBay were part of the first wave of true digital natives. Both are entrepreneurial platforms; competitive, diverse, financially-minded, and borderless. Connecting buyers and sellers across the globe, Amazon and eBay are both household names. eBay is the classic auction site, and Amazon is the Google for shopping, right? Did you know that these days, eBay sells more via Buy It Now listings than it does auctions?

The Best Amazon Fee Calculators Of 2021

Estimated reading time: 15 minutes. To run a sustainable, profitable business on Amazon, you need to understand its fees. With such a huge variety of fees which are not always simple to interpret on statements, getting your head around them before you sell could make all the difference. That’s where fee calculators come in. Amazon fee calculators help you predict what costs you might come up against when selling your products and whether they will be profitable.

What Is The Best Amazon Accounting Software For Sellers?

Estimated reading time: 8 minutes 30 seconds. Automation. Letting the machines do it so you don’t have to. It’s easy to see how automation saves you time. Our brains aren’t keen on repetitive tasks and can sometimes fall short, but software? Designed to crunch, compute, report, repeat - software is accurate, it scales, and it constantly improves. So if you’re going to automate parts of your business, where should you begin?

Amazon Taxes: A Beginners Guide To Doing It Right

Estimated reading time: 15 minutes. It’s something few of us learn at school, and yet the tangled knot of taxes is something just about everyone on the globe deals with at some stage in their lives. Income tax is probably familiar, but you might associate this with salaried employment. Unfortunately, it’s not just those with an employer that should be paying income tax. In fact, ‘income’ could be as little as a few hundred dollars made in a garage sale and this technically, should be declared and taxed.

Amazon Pay Guide: Everything You Need To Know

Estimated reading time: 11 minutes. Online shoppers like choice. And they prefer businesses that give them choice. In fact, Business Insider reports that limited payment options could account for a quarter of abandoned shopping carts in the US. But with no shortage of payment gateway options for ecommerce sellers, how should they pick which ones to offer, and do buyers have a resounding preference? Is Amazon Pay the obvious choice for Amazon sellers, for example, or are there better alternatives?

A2X’s Idiot-Proof Guide to Making Money with Amazon FBA

Estimated reading time: 8 minutes. Let’s be frank, most people don’t start an Amazon FBA business to simply break even. It doesn’t matter whether it’s a hobby, your side hustle, or full-time income – you want your Amazon FBA business to be making you money and it can. Selling on Amazon FBA in 2021 is still worth it, there is plenty of money to be made if you go about it the right way.

Why A2X for Xero Is A Great OneSaas Alternative

Estimated reading time: 4 minutes. There are thousands of ecommerce apps and integrations on the market today all trying to solve problems for sellers. Whether it’s accounting, fulfilment, customer management, marketing or tax compliance, business owners are able to design a tech stack that perfectly services their unique needs and goals, and removes much of the requirement for human input. As much as a customized infrastructure is an incredible resource, having numerous separate apps poses a tricky challenge: How do you get them talking to each other?

How to Sell Used Books Amazon FBA

Estimated reading time: 11 minutes. Did you know that Amazon first started as a site to sell books? That’s right, the ecommerce mammoth began on paper. You can sell books on Amazon FBA today and still make a profit. Amazon may be a giant, but it can be profitable for those willing to put the work in. Maybe you have a backlog of books at home gathering dust, you want to start an Amazon business selling books or you’re researching your options.

Amazon Tax Canada: What You Need To Know

Estimated reading time: 7 minutes. Canada’s sales tax is a bit of a mutt. It’s not quite the same breed as the US, or as Europe, but almost a cross between the two. Canada’s sales tax is called GST (goods and services tax), and is a value-added tax, meaning it is added onto the value of an item at each stage in its manufacturing journey. Although the GST rate is consistent across Canada, the story barely begins there.

How To Pack Your Products for Amazon FBA

Estimated reading time: 11 minutes. Amazon FBA makes fulfilment and distribution simple. All you have to do? Get your inventory to the warehouses. Now, whilst the program is designed to make your life as easy as possible, you are still required to meet certain criteria when packaging your products for Amazon FBA. In this guide, we’ll cover: Why does correct packaging matter in the first place? The Amazon FBA packaging requirements Packaging Packaging materials Labelling  Items sold as sets Items sold as units Items sold in cases Poly bags Expiration dates Specialized items How to get started strong Stay on top of your FBA fees with A2X  You might want to bookmark this page or grab a notepad for this one.

How To Find An Amazon Accountant Or Bookkeeper [Full Guide]

Estimated reading time: 10 minutes 30 seconds. Accurate Amazon accounting is a must. The best thing you can do for your ecommerce business is to build an accounting framework that scales and nurtures your success. What does this look like? Great accounting software and the support of a specialist Amazon accountant. Whether your accountant just helps you get set up or supports you full time, their help and advice can be invaluable to the growth of your Amazon store.

Accounting for Amazon Business Loans [How to]

Estimated reading time: 3 minutes. Updated January 2021. Merchants who sell through Amazon can now secure dedicated ecommerce loans, but what does this look like in the books? In this article, we’ll explain eligibility, Amazon lending transactions, and how to record Amazon loan repayments. Lending for Ecommerce: Amazon Loan or Bank Loan? In 2017, Amazon announced that they had funded 20,000 businesses through Amazon lending. In 2020, they partnered with Goldman Sachs to provide lines of credit of up to $1 million for merchants selling on the Amazon platform.

The Best Amazon FBA Podcasts for Sellers in 2021

Estimated reading time: 5 minutes. Updated January 2021. As a valued friend of the multi-tasker, podcasts are a great tool for any ecommerce seller. Whether you just want to stay up-to-date with industry news, learn from the best about how they made it big, or even have your specific questions answered - there’s an Amazon FBA podcast for you. We have scaled the market to bring you the top Amazon FBA podcast list, plus a few that are useful for ecommerce sellers on any platform.

How to Reconcile Your Amazon Seller Statement

Estimated reading time: 5 minutes. Updated December 2020. If you’ve ever reviewed an A2X settlement summary, you’ll know Amazon has some very creative ways to charge Amazon sellers money. But what do ShippingChargeback, GiftwrapChargeback, and SalesTaxServiceFee really mean, and how do you reconcile them to the Amazon Reports > Payments section of Seller Central? To help this make sense, we’re going to walk you through reconciling your Amazon seller statement. We’ll use an example that matches low-level transactions in an Amazon settlement report to the corresponding high-level transactions Amazon considers in their report summary.

How A2X Handles VAT in All European Ecommerce Marketplaces

Estimated reading time: 9 minutes.  Anyone who runs an online store will know that the beauty of ecommerce is that its capabilities are limitless. It’s a fantastic way for retail stores of any type and size to reach a new community of customers – enabling you to expand your sales worldwide without the extensive costs of setting up a brick-and-mortar store. Ecommerce has levelled the playing field, making it possible for small businesses to compete with corporate giants on an international stage.

Do Your Financials Tell a Story That Sells?

Estimated reading time: 3 minutes. Your accounts should offer insight into your business. They should show successes, and they should show opportunities to help to pinpoint trouble areas. Having complete and accurate financials means that you, as an ecommerce seller, have the information you need to make better, smarter decisions about the future of your business. You know the true cost of sales, where you’re making and losing money, and where you could be investing more.

Ecommerce Options: Whether to Sell Through Amazon or Your Own Website

Estimated reading time: 4 minutes. Amazon is an ecommerce behemoth. It started as an online bookstore in 1994, and is now the world’s largest online retailer. If you’re a small company, the decision to sell through Amazon can seem obvious – after all, you won’t be able to compete with it – but it’s not automatically the best decision for every business. With Amazon Australia set to open early next year, it’s a good time for Australian and New Zealand retailers to think about their choices: take advantage of the Amazon platform, or stick to their own website.

Future-Proofing Your Amazon Business for Sale

Estimated reading time: 4 minutes. Like all business owners, Amazon marketplace merchants may one day weigh up the prospect of selling their business. And what will prospective buyers want to see? Accurate accounts demonstrating a healthy business. Even if you’re not considering this anytime soon, it’s sensible to behave as if this will be your goal one day. If you do this from the beginning, not only will your business operations be organized and transparent for you, but it will be much easier to go into the sales process prepared for success.

Amazon Accounting Meetup Summary: Atlanta, Georgia - June 6th

Estimated reading time: 13 minutes 30 seconds. On June 6th, 2018, we hosted a meet-up for Amazon sellers, accountants, and people involved in the ecommerce space. This meet-up was held after the first full day of Xerocon in Atlanta, Georgia. We were privileged to have Brandon Wasser and Cat Fogarty present as guest speakers. Brandon Wasser is a Senior Account Manager at Bookkeeper360. Through this role, he has learned a great deal about emerging technologies and trends that are shaping the way we shop, and how businesses need to evolve in order to thrive in an ever-changing environment.

A2X, Amazon, and the Future of Accounting with HPC

Estimated reading time: 5 minutes. How HPC accounting uses A2X to help solve its clients' problems HPC Accounting is something of a trendsetter among US accounting firms. The business started in 2011, and unlike most firms at the time, focused on providing value-based services, rather than charging clients hourly rates. Since 2016, they have abandoned time tracking altogether, preferring to give their clients personalized service and in-depth advice. As Accounting Manager Catherine Fogarty explains, HPC was also an early American adopter of Xero.

Amazon to Turn Over Third-Party Seller Data to California Department of Tax and Fee Administration

Estimated reading time: 6 minutes. This post is a guest post from Michael Fleming founder of Michael J Fleming & Associates. This article is about the changing tax obligations of ecommerce sellers in the US and was correct at the time it was written. For more detailed information (no matter your platform) about how sales tax affects you, and where to get the most up-to-date advice, check out our blog here.

A2X Welcomes First UK Partner, AVASK Accounting and Business Consultants

Estimated reading time: 30 seconds. [Announcement made August 2017]. We are delighted to announce the introduction of our first UK partner AVASK Accounting & Business Consultants. AVASK and A2X have been working together since 2015. A2X has been essential in streamlining AVASK’s services, allowing their tax advisors and accountants to automatically fetch their clients’ latest Amazon settlement transactions and post summarised transactions directly to their accounting system. “A2X is an essential part of our day-to-day operations.

Amazon Accounting Meetup Summary: Sydney, Australia May 22nd

Estimated reading time: 25 minutes 30 seconds. On May 22nd, 2018, we organized a meet-up in collaboration with Intuit Quickbooks (referred to as QBO throughout this article), where a range of topics related to Amazon accounting were discussed. We were privileged to have three Amazon accounting and app experts present at our meet-up: Jeri Wambeek from Which AddOn. Michael Fleming from Sales Tax and More (via video link). Arnold Shields from Dolman Bateman Accountants.

Amazon and Shopify Accounting with Quickbooks Enterprise

Estimated reading time: 1 minute 30 seconds. A2X for Amazon, and A2X for Shopify are helping thousands of ecommerce sellers across the world automate their accounting. In these two guides, we’ll show you how users of the Quickbooks Desktop and Quickbooks Enterprise products can use A2X to account for their Amazon sales and/or their Shopify sales: Using A2X for Amazon with Quickbooks Desktop and Quickbooks Enterprise Using A2X for Shopify with Quickbooks Desktop and Quickbooks Enterprise

A2X Wins Xero Americas Industry Specific App of the Year 2018

Estimated reading time: 3 minutes. We’re thrilled to announce that A2X has been granted the Industry Specific App of the Year award at the Xero Americas Awards 2018. This award recognizes the fact that accountants and bookkeepers in North America (and throughout the world) are gaining significant amounts of value out of using A2X to automate their Amazon accounting. “The niche focus of A2X has really paid off… no other tool on the market nails Amazon payout reporting like the tool they’ve made.

What Happens When You Owe Amazon Money? Negative Balance Invoices in Xero

Estimated reading time: 2 minutes. So you owe money to Amazon, and you know this because there’s a negative balance on your Amazon seller account. What happens if you owe amazon money, and how do you correct it? The good news is that an Amazon seller negative balance is usually nothing to worry about. What is an Amazon seller negative balance? An Amazon seller negative balance is what happens when your business’ fees and costs are higher than the revenue.

A Brief Guide to VAT Obligations for Amazon Merchants Selling in Europe

Estimated reading time: 5 minutes. There’s no denying that automation drives efficiency and reduces cost. In the long run, the most efficient players in any given market have the best chances of winning market share and building long-lasting businesses. For ecommerce, warehousing and fulfilment, Amazon has positioned itself to take full advantage of the coming automation era by implementing the latest technologies and creating a highly automated eco-system. Amazon’s offering makes it much easier for merchants to sell internationally than ever before.

Understanding Amazon FBA Seller Fees

Estimated reading time: 9 minutes. The Fulfilment by Amazon (FBA) program is a great way for entrepreneurs to grow an ecommerce business while minimizing their initial investment. There is no better ecommerce partner in the world than Amazon. However, before you dive into setting up your FBA business, you need to make sure you understand how the program works and the different costs involved. Like infographics? Check out this one for a breakdown of Amazon fees and what they include.

Grow Your Business with a Successful Data-Driven Strategy

Sellers Funding Data Insights is a Game Changer for Amazon Sellers Guest post by SellersFunding. Updated October 2020. Estimated reading time: 3 minutes. It’s no secret that big data is rapidly changing the way companies do business and helping them make more informed decisions. This is why it is vital to have a robust data-driven strategy for your Amazon Sellers business, to stay competitive in today’s evolving marketplace. A successful strategy not only requires a clear vision of your business goals, but it also needs to include how you will:

Walmart vs. Amazon: The Changing Landscape For Ecommerce Sellers

Walmart is one of the most recognizable brands in the world. With a momentous footprint in the US, the giant has moved into ecommerce and is taking it by storm. Almost anyone can sell on Amazon. Merchants are in their millions which makes competition rife, selling strategies complex and standards strict. It’s likely that you are already selling on Amazon, and may be intrigued by the new kid on the block - what does Walmart offer that Amazon doesn’t, and should you be getting a piece of the pie?

Why More Sellers Are Diversifying Away from Amazon

About the author - Wayne is a management accountant who forged a 15-year career with tech heavyweight Hewlett Packard. He is now the COO and resident eCommerce accounting expert at Bean Ninjas. When Wayne isn’t managing a global team and equipping eCommerce entrepreneurs with the financial tools they need to enjoy business success and lifestyle freedom, he’s being an everyday superhero to his wife and five children.

How to Collect VAT Through Amazon UK Seller Central

Estimated reading time: 7 minutes. This guide was correct at the time it was written. With impending potential Brexit changes and ongoing ecommerce tax developments, it is best to get the most up-to-date information from the official government channels or an accountant. A top priority for any established Amazon seller is charging and collecting sales tax. Why? Because if you’re unable to meet your sales tax obligations, the responsibility and repercussions rest solely on your shoulders – not with Amazon.

UK Ecommerce Accounting Software for Amazon FBA and Shopify

Running an ecommerce business in the UK comes with a unique set of challenges and opportunities. Regardless of whether you’re selling on Amazon, Shopify or another digital avenue, you need to have accurate financials in order to make sound business decisions. Many digital entrepreneurs (and their bookkeepers) manually enter the sales or payout data into their accounting system. While it may seem like a suitable solution in the beginning, this can result in more work and a wide range of issues such as reporting errors, difficulties with comparing the performance of different channels and time periods, and challenges when it comes to selling your business down the line.

The Ultimate List of Tools for Amazon UK Sellers

Streamline your operations and get ahead of the competition. Here are the top tools you need to be using if you’re selling on Amazon UK. In 2002, Amazon launched its UK marketplace, allowing third-party sellers to sell their products to local and international Amazon customers. Over the past 18 years, Amazon UK has grown to be the second-largest marketplace in Europe, and thanks to Europe’s version of Fulfilment by Amazon (FBA) – called the European Fulfilment Network (EFN) – over 280,000 UK sellers use the online marketplace.

6 Common Accounting Mistakes that FBA Sellers Make

This is a guest post from our partners at Bean Ninjas. Did you know that more than 50% of Amazon’s $280 billion in revenue comes from FBA sellers? The competition for sales has only grown with FBA sellers doing anything they can to get an edge. In some cases, this includes unethical or downright criminal practices to get more sales or hurt their competition. So, the last thing you want to do is create self-inflicted problems.

Amazon Pay accounting and reconciliation with A2X

Finally a way to accurately automate your Amazon pay accounting and reconciliation with A2X for Amazon. Here’s how. When customers check out with Amazon Pay, the sales proceeds arrive in the merchant bank account up to two weeks later. They are batched with other transactions and various fees are deducted. Often the merchant has no way to account for the fees or to reconcile the funds received with the sales orders they see in Shopify or other sales channels.

Amazon FBA Sellers Get Better Accounting with A2X

Accurate accounting thanks to seamless integration With the number of apps and technology available today for e-commerce sellers, manual accounting processes can be – and should be – a thing of the past. There are few other business tasks as essential, yet labour-intensive, as accounting. It can both drive the growth of your business forward, and at the same time, completely overwhelm you. There is a time and a place for manual spreadsheets and processes, often best used at the start of your Amazon FBA journey when order numbers are low.

The Authentic Buyer’s Guide to Amazon Automation

Why, how and with what apps Every online retailers’ dream is to grow a successful business, and while it’s not the reality for some (some products just won’t sell), it has been and can be attainable for many. Since its inception 25 years ago, Amazon has evolved to become the largest online marketplace in the United States. Amazon’s customer base by far exceeds that of its competitors, with 12 marketplaces worldwide generating US$280.

Full List of Amazon FBA Warehouse Locations and Sales tax rate by State

Amazon FBA Warehouse Locations Keeping on top of your inventory and the different sales tax rates associated with each state can be a juggle. There’s nexus to consider, both physical and economic, as well as local sales tax which drives the total state tax rate up. Of the 50 US states (plus Washington DC), Amazon currently owns and operates fulfilment centres in 27. As an FBA seller, it’s important that you know this because it influences which states you should be collecting sales tax in.

How-To Guide: Collecting Amazon Sales Tax

Estimated reading time: 7 minutes 30 seconds. As an ecommerce marketplace seller, you probably know you should be collecting sales tax. Items sold and distributed within the US and Canada are usually subject to sales tax. That part’s straightforward, but how much to collect is a different story altogether. How Amazon calculates sales tax is also a little complicated. In the US, each state has its own state or local tax rate.

A2X in London, Singapore and Toronto

The A2X team is currently spread out far and wide for a very busy end of year. Whether you are in London, Singapore or Toronto, there will be an event nearby. Giving you plenty of opportunity to meet the team and check out firsthand the new Shopify integration and the new VAT features for Amazon accounting with A2X.  A2X in London After a successful QuickBooks Connect 2019 in San Jose.

A2X named Xero's App Partner of the Month for September 2019

A2X, the worlds leading Shopify and Amazon accounting connector has been named by Xero as it’s App Partner of the Month for September 2019. A2X has been helping thousands of you across the world to automate, streamline and accurately account for all of your, or your client’s e-commerce sales for over 5 years now. The launch of our new product, A2X for Shopify is now helping Shopify stores all across the globe to accurately account for their Shopify sales inside of Xero.

Leveraging tech to take on large scale clients

How A2X has been a key player in Catching Clouds growth Ecommerce accounting firm, Catching Clouds, based in the US, works with established ecommerce sellers producing a turnover of between one and $50 million. They’re considered leaders in the mid-to-high-range seller market because of their focus on high-quality tech to help their clients automate business operations. Co-founder Scott Scharf has worked hard to create a well-known, high-tech brand - working closely with other leading tech brands like Xero and Gusto.

How to leave a review of A2X on the Amazon Appstore

Amazon apps now have a home for reviews, and A2X is front and center here. Reviews mean a lot to us at A2X, but they also mean a lot to you, all the new customers that are looking for solutions to their e-commerce accounting. The thousands of positive experiences our customers have helps to guide new customers to our solution so that it might help them too. The proof is in the pudding, as you can see from the hundreds of reviews that you, the person accounting for your e-commerce sales, have taken the time to share on the independent app websites that are most relevant to you and your colleagues, from Capterra, Shopify, Apps.

Sales Tax Nexus Trends – What Amazon Sellers Need to Know

The past year has been unprecedented in terms of sales tax law changes that impact online sellers. The whirlwind began after the U.S. Supreme Court handed down its decision in South Dakota v. Wayfair in June 2018. The Wayfair decision is all about nexus – the level of connection between your business and the state that obligates you to register and collect sales tax. The Supreme Court ruled that physical presence is no longer the main requirement for creating nexus, that it can also be created when a seller’s sales into a state exceed certain economic thresholds.

Join e-commerce accounting experts in Chicago at the A2X + Xero booth

This June, 25th - 28th, A2X is joining forces with Xero and heading along to the Internet Retailer Conference and Exhibition (IRCE) in Chicago. Why IRCE? IRCE is the largest e-commerce conference globally. This conference is a must attend for all e-commerce sellers. IRCE offers businesses the solutions they need to stay ahead in the dynamic e-commerce sector. What is different? A2X+Xero will be hosting an e-commerce accounting expert Q&A at the booth, with scheduled appearances from top e-commerce accounting partners, Co-Founder Catching Clouds, Scott Scharf, and Co-Founder Xendoo, Lil Roberts.

Peace of Mind with A2X and TaxJar

Estimated reading time: 5 minutes. If you’re getting serious about your Amazon ecommerce business, you’ll already have yourself dedicated cloud-based accounting software, like Xero or QuickBooks. Hopefully, you’ll also have integrated A2X so you have timely, usable sales data and reporting at your fingertips. The next thing you need? Sales-tax software. The cold hard truth is that if you’re selling via Amazon FBA, at some point you’re going to be paying sales tax – and that’s when your accounting can get complicated, especially if you’re selling in the US.

Amazon FBA Business Plan Template

Estimated reading time: 13 minutes. So you’ve ticked off everything on your business plan checklist down to a T. All products are ready to be listed, supply arrangements sorted, distributor partnerships signed, all packages properly labelled, and Amazon system records on point. Great! So you’ve got an FBA business. Or do you? If you’ve made it to this stage, the good news is that you’re off to an excellent start. The bad news?

How the US Trade Tariffs Will Affect Amazon FBA Sellers [Part Two]

Estimated reading time: 10 minutes. An Interview with the Owner of a US-Based Manufacturer and Online Retailer with Karen Brady  Part One here. This company uses both CNC components produced in the US, and imported components designed in the US and manufactured in Chinese factories. The final retail products are assembled in the US and sold on from their website. Following on from the interview with ExportX’s Paul Grey, I continue my investigation into the mechanics of import/export and how the US-China Trade Wars have impacted his and other companies.

How the US Trade Tariffs Will Affect Amazon FBA Sellers [Part One]

Estimated reading time: 10 minutes. An Interview with Paul Grey of ExportX [Part One] with Karen Brady  Part Two here. ExportX is an international ecommerce business representing more than 50 brands of products from Australia and New Zealand, selling with Amazon and FBA since 2008 in the USA, Europe, Asia and Australia. ExportX has been importing goods to the USA for more than 10 years and has long experience with customs clearance and tariffs in dozens of product categories.

A2X will be attending Prosper Show 2019!

Prosper Show is an annual conference for established Amazon sellers to learn more about best practise education, new ways of doing things and opportunities for networking with others in the FBA space. A wide range of service providers attend this event to meet new and existing clients, and learn from one another. The full exhibitor list can be found here. “Aimed at online sellers seeking to improve their business on Amazon, this conference features several ex-Amazon leaders and CEOs/General Managers from leading Amazon marketplace solution providers using workshops and seminars to help sellers learn how to build better online businesses.

The Amazon FBA Secret Recipe for Success in 2021

Estimated reading time: 9 minutes 30 seconds. Every year, the Amazon marketplace grows and morphs into something new. What was once an obscure online bookstore has come to dominate online retail throughout much of the world, so it’s no wonder that new sellers are flocking to get a piece of the pie all the time. In this article, we look at the ecommerce landscape for Amazon sellers, how to get started, and what they need to succeed.

The Lazy Entrepreneur Podcast Features A2X

A2X was featured on the Lazy Entrepreneur Podcast this week. Where long time business owner and A2X user, Sam Priestley showed his listeners the details of the day-to-day of his Amazon FBA accounting. He goes into depth on how he combines a traditional accountant, bookkeeping software and A2X to handle a large international Amazon FBA business. Explaining it all to his wife and business partner Emma who has no experience whatsoever with accounting or bookeeping.

The Definitive Guide to Amazon 1099K Reports for Amazon Sellers

Estimated reading time: 7 minutes. The Amazon 1099k (or sometimes just called the 1099 or “ten-ninety-nine") is the one report we get asked about so often at A2X; ‘How do I match the 1099K to my sales, how do I know where Amazon gets their numbers, what does this all mean and why does it never easily balances back to your business management accounting?'. Now, while we will cover off on all those questions in this blog and the supporting material, this task is something that is really not necessary.

New Book ‘Profit First for E-Commerce Sellers’

Specialist e-commerce accountant, bookskeep founder Cyndi Thomason’s new book, “Profit First for E-commerce Sellers” has just been published and is now available on Amazon and Barnes & Noble. ‘Profit First’ is a cashflow management methodology for small businesses created by Mike Michalowicz. Cyndi Thomason has taken the core concepts of the Profit First methodology and customised them to address the specific needs of the e-commerce business. Cyndi is the guru in applying Profit First to e-commerce businesses to help them achieve true profitability and business sustainability.

QB Appy Hour features A2X

A2X was featured on the QB Appy Hour last month. Ellen and I showed how A2X can automate Amazon accounting as part of an overall ecommerce accounting workflow. Check out the recording below:

Using Spreadsheets for your Amazon Accounting? Here's How it Compares to A2X

Estimated reading time: 3 minutes 30 seconds. Still using a spreadsheet for your Amazon accounting? In this video from 2019, Patti Scharf from Catching Clouds gives a great summary of the benefits and problems with spreadsheet-based accounting for Amazon, and why a specific Amazon accounting solution like A2X can make it more automated and accurate.  Accounting for Amazon Sellers We think that Amazon sellers’ time is better spent on value-adding activities in the business such as new product development, or sales and marketing, than on spreadsheets.

A Guide to Amazon Seller Fees: Everything You Need to Know Including Hidden Fees [Infographic]

Estimated reading time: 5 minutes. There are many fees involved in selling on Amazon. Amazon charges you a fee for just about everything it does within the sale and delivery process. However, most sellers find that these fees are well worth it and allow them to focus more on scaling their business and less on the fulfilment side. Fulfilment and processing of orders is really what takes up a lot of manual time in a physical products ecommerce business.

Brexit Preparedness for Amazon

Reading time 5 minutes As of writing this blog, Brexit is just over three months away and there is so much confusion with the politics, it is really hard to understand what it all means to one’s business. As I am in the UK this week, it has been the perfect opportunity to “take-the-pulse” of the moment and break it down into the practical implications for our Amazon Sellers. Disclaimer: This blog is given as general information and understanding of the subject and should not be used as a substitute for competent advice.

The Other Half of Amazon: Amazon Web Services & Amazon Prime Video

Estimated reading time: 3 minutes. Amazon is probably best known for its online marketplace, but they’re involved in more than ecommerce. Amazon is also a leading Cloud service solution, and offers Amazon Prime Video for streaming television shows and films. Amazon Web Services  Let’s start with Amazon conquering the world of web hosting for over 10 years now. You might be unable to purchase a shared hosting plan directly from the online giant, but it’s likely you already use sites that run on Amazon Web Services (AWS).

Join A2X at the QB ‘Appy Hour

The QB ‘Appy Hour is a fun monthly webinar series dedicated to the QuickBooks Apps ecosystem. This month, experts Heather Satterley and Liz Scott feature A2X in their roundup of essential apps for e-commerce. Tune in on December 11th 4.00 – 5.00pm EST. This Webinar is a must attend for accountants who have clients selling on Amazon or if you want to learn about the opportunities around Amazon accounting. Members of the A2X team will be running through a short presentation of A2X and a full demonstration connecting Amazon and QuickBooks.

QuickBooks Firm of the Future Finalist, Reconciled, chooses A2X

A2X is used by Firm of the Future finalist, Reconciled, for their Amazon accounting automation. Intuit has published the finalist videos - A2X gets a special mention as a tool that helps Reconciled with Amazon accounting. We’re thrilled to be in such great company - thanks for the shout out, Reconciled! Check out the video here:

Join A2X in Singapore and Hong Kong for the #XeroRoadshow

This November A2X will be at the Xero Roadshow events in Singapore and Hong Kong. If you’re an Amazon seller or an accountant selling with FBA on Amazon.com, or any Amazon market globally, we’d love to talk. Where to meet us Hong Kong - Tuesday 20 November 2018 Sky100 Observation Deck International Commerce Centre (ICC), 1 Austin Rd W, Yau Ma Tei, Hong Kong Singapore - Friday 23 November 2018

Xero features A2X for innovation and success

Xero recently featured A2X showcasing innovation and success on the Xero platform. Xero describes A2X as “clever software [that] makes Amazon accounting easy” You can read the full article over on the Xero blog.

Why most Amazon seller businesses don’t work and what to do about it!

Michael Gerber is widely regarded as one of the top small business gurus of all time. He authored the bestselling book The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It, along with more than 30 other educational commerce guides. Over the past 40 years, Michael has been educating and empowering small business owners around the world, helping them to succeed and essentially create businesses that are very attractive for acquisition.

Intelligent Automation for the Amazon Seller

Estimated reading time: 9 minutes. It’s a reality. Our world is becoming more automated every single day. Integrations connect different apps, plugins are able to handle large amounts of information with ease, and businesses are turning to automation for a competitive edge. At first glance, automation might seem out of reach for many Amazon sellers. What was once the domain of large organizations with deep pockets is now accessible to anyone with a laptop and a ‘can do’ attitude.

A2X Asks UK Accountants: How Can Amazon Sellers Prepare for the UK’s MTD?

Estimated reading time: 8 minutes 30 seconds. MTD, or Making Tax Digital, impacts all aspects of the way Amazon sellers in the UK account for VAT to the HMRC. Despite the initial and rather urgent push for sellers to start their transition to compliant digital systems early, many delayed. This means that many UK Amazon sellers are still trying to catch up and understand this shift to MTD. When I first planned to write this blog, I never imagined that I’d actually get to be in the UK as it approached this transition.

Amazon FBA in the UK and how A2X makes accounting so much easier

This article is has been written with our good friends at OD Accountants in the UK. It discusses the growth of Amazon FBA in the UK and how OD Accountants have been working though the challenges of Amazon accounting with the help of A2X. During recent years, online marketplaces have transformed the way we shop. Amazon brings together sellers, merchants and businesses in almost every industry into a highly competitive marketplace.

Sales Tax: Understand Your Obligations and Make a Plan

Estimated reading time: 5 minutes. Sales tax for ecommerce sellers is relatively new and continually evolving. When bricks-and-mortar stores were the only retailers, knowing where to pay your taxes and to whom was straight forward. You had a physical location which gave you “nexus” in a particular state; a link strong enough that you needed to pay tax, and that was pretty much the end of the story. With millions of dollars moving into the cloud space and no physical locations to pin them to, governments faced two problems:

Join A2X at Xerocon Brisbane and our Brisbane Amazon Accounting Meetup!

The team at A2X will be heading to Brisbane, Australia early September for Xerocon Brisbane 2018! We will be there in full force with plenty of your favourite A2X Swag. Be sure to come and visit our booth on the exhibitor’s floor to come and say hello to the team! We will also be hosting another one of our popular Amazon accounting meetups - this time will be a little different.

Xero Awards 2018 – A2X is a finalist

Our trip to Xerocon Brisbane next month just got a little more exciting with the news that A2X has been shortlisted as an Award finalist in the category of: ‘Industry specific app partner’ As an app partner, A2X solves a very specific problem for Amazon sellers and is recommended by Accountants and bookkeepers as a necessary tool to automate the reconciliation of settlements paid by Amazon to its Sellers. We’re looking forward to being in good company on September 4th at the awards event.

5 Growth Opportunities Every Amazon Seller Should Take Advantage Of

Estimated reading time: 4 minutes 30 seconds. Are you looking to grow your business but don’t really know where to start? Whether you’re new to selling on Amazon or have been doing it for years, you should always have your eyes set on growth. That means setting goals, outlining how you’ll achieve them, regularly checking your progress and making adjustments as needed. So, how can you actually get to work growing your business?

A2X will be at Boost with FBA in New Orleans

Next week A2X will be at the Boost with FBA event in New Orleans, bringing together sellers from across the US for “a daylong focus on seller success”. If you have questions about your Amazon seller accounting or finances or want some help understanding how to get the most from your accounting system as an Amazon business, A2X can help. If you are in New Orleans for the event, get in touch: contact@a2xaccounting.

Meet A2X at Scaling New Heights

Next week A2X will be exhibiting at Scaling New Heights in Atlanta June 17,18, 19 and 20 at Georgia World Congress Center (GWCC). You can find us at the Intuit booth, as part of the 2017 App Showdown showcase. If you’re an A2X user or interested in the Amazon accounting niche, come and find us for a chat about what A2X can do to help get your Amazon seller client’s books in order.

A2X joins the Amazon Marketplace Appstore

Amazon just launched the Marketplace Appstore, which has been developed specifically with marketplace sellers in mind. The Appstore will function as a central interface for merchants to browse and discover plugins and software integrations that interact directly with their Seller Central accounts. We’re excited to announce that A2X is listed on the Appstore, under the category ‘Accounting and Tax Remittance’. A2X is automated accounting for Amazon Marketplace Sales, fees, cost of goods sold, and FBA inventory.

Sales Tax, Historic Data, and Multiple Channels: Understanding Taxes in Pennsylvania

Estimated reading time: 3 minutes. This post was written and published in 2018. Tax obligations for ecommerce sellers is constantly evolving, so for the most up-to-date information on tax legislation, please consult the official governing body websites for your location. Our blog How-To Guide: Collecting Amazon Sales Tax is also a good source of additional information and relevant sources. Like many states, Pennsylvania is in the process of introducing new tax legislation aimed at ecommerce retailers.

New taxes, new issues - understanding Washington’s Marketplace Facilitator Tax

If you’re an Amazon seller with sales in the state of Washington, you may have noticed some changes to the way your sales tax appears in your A2X reports. This is the result of the new ‘Marketplace Facilitator Tax’ that was introduced in January this year. While this specific tax only applies to sales in Washington State, other states are introducing similar taxes of their own, which will affect Amazon sellers in the future.

How A2X Lets Acuity Do More for Their Clients: Automated, Accurate, Affordable

Estimated reading time: 3 minutes. Acuity is a US-based accounting firm that specialises in bookkeeping and accounting for small businesses. They are tech leaders in the accounting field, and are always looking for ways to make their work more efficient and save money for clients. A2X does just that, by helping them to automate some complex processes, get accurate numbers, and speed up their results. After implementing A2X and seeing the difference it made, the team at Acuity recommends it to all their Amazon clients.

Prosper Show 2018 Amazon Accounting Panel Recap

Estimated reading time: 9 minutes 30 seconds. The Prosper Show is an annual conference for Amazon marketplace sellers, and the ecosystem of businesses and applications that serve them. During the 2018 Prosper Show held in Las Vegas on March 13-14, 2018, A2X hosted a live interview panel with four leading Amazon marketplace accountants: Scott Scharf from Catching Clouds Melanie Shabangu from Avask Accounting Jeremiah Kovacs from MuseMinded Cyndi Thomason from Bookskeep During the live panel, audience members had the chance to ask the Amazon accounting experts a range of questions, prompting discussions about the future of Amazon accounting.

A2X is officially a member of the Amazon Marketplace Developer Council

We’re excited to announce that A2X will be participating in the new Amazon Marketplace Developer Council. The developer council consists of a group of developers and organizations that extensively use the Amazon Marketplace APIs to create useful software apps for Amazon sellers. Through participation in the Amazon Marketplace Developer Council, A2X will be offering input towards the roadmap and future development priorities for the Amazon marketplace APIs. What does this mean for the future of Amazon?

Registrations, Regulations, and Complications: Tax Planning for International Amazon Sellers in the US

Estimated reading time: 5 minutes 30 seconds. If you’re an international seller wanting to break into the US market, an ecommerce giant like Amazon might appear to be a straightforward solution. With a 45% US ecommerce market share, a little bit of time spent creating an online store on Amazon and managing fulfilment certainly looks worth the investment. What many international sellers don’t realise, however, is that the story doesn’t end (or even begin) there.

A2X & Xero present the Amazon Accounting Meetup in Las Vegas

Our previous Amazon Accounting Meetup in Austin, TX at the previous Xerocon was a huge success! To follow suit we’re bringing another one, this time in conjunction with our sponsor Xero to Las Vegas, NV for the PROSPER Show on March 12-14 2018. If you’re in town for the PROSPER Show, please do join us at Gordon Biersch, LV for an informal get together for a drink and a chat about all things Amazon marketplace accounting!

PROSPER Show 2018 Sponsor Round-Up

PROSPER show is next week - the place to be for Amazon sellers, A2X will be there and we’re hosting an Amazon Accounting meetup, so if you’re going to PROSPER, we can’t wait to meet you there. This year the show is big, with over 100 sponsors, there’s an intimidating wall of logos. We hadn’t heard of many of these companies and didn’t know what they all do for Amazon sellers, so we thought it might be helpful to provide a quick round-up of each company, what they do and where to find them online.

8 Inventory Financing Options for Amazon Sellers

Financing inventory can be intimidating and often stressful even for bigger sellers. But, it doesn’t have to be. When you’re short on much-needed inventory, it’s easy to make rash decisions when it comes to financing it. The best thing you can do is take a step back, do your research and consider your options. 1. Money in the Bank If you have enough personal savings to fund your holiday inventory, you can pay for your next purchase order or closeout sale (in the case of retail arbitrage) interest free.

A2X and Amazon Australia Accounting with Xero and Quickbooks Online

Amazon Australia launched Amazon.com.au at the start of December and hit, what has been reported as, a record first day of sales in any Amazon marketplace. A2X is excited to report that we are able to support Amazon Australia sellers to thrive on the new platform and nail their ecommerce accounting. If you’re an Australian business selling on Amazon in Australia, or an international firm opening an Amazon.com.au selling account, A2X will give you the reliable, accurate accounting of sales and fees you need to reconcile your Amazon settlements in Xero and Quickbooks Online.

Venue for the Amazon accounting Meetup in Austin

Quick update on the Amazon Accounting Meetup this week in Austin, we’ve had over 30 RSVP’s and have now reserved space in the main bar at Brew & Brew. The bar is a short walk from the conference venue, so we’ll see you there!

Amazon Accounting Meetup, The Inaugural Xerocon Austin edition

Xerocon Austin is next week, and it’s a great opportunity for companies, firms and sellers interested in Amazon accounting to Meetup and connect with each other. Scott Scharf, from Catching Clouds and I are organizing a meetup where Amazon accountants and sellers can get together for a drink and a chat about all things Amazon and accounting. If you are in town for Xerocon, or a local interested in Amazon, come talk the tricky stuff with Amazon experts: marketplaces, international multicurrency selling, sales tax, VAT, FBA, inventory, fees, charges and cashflow.

A2X and Xerocon - Why do we love attending?

This December the team at A2X will be saddling up for Xerocon Austin. This will be our second Xerocon as an exhibitor and we’re very excited to meet with clients, partners and accounting firms who have clients selling on Amazon. We have been talking to the team at Xero about what we love about Xerocon’s and why we go! We realised that a huge part of these events was the discussions with, and feedback from our clients and partners.

On the road again: A2X at QuickBooks Connect, San Jose, 2017

QuickBooks Connect kicks off this week and the A2X team is in San Jose primed for another week of quality conversations with customers and partners in the heart of Silicon Valley. While the main stage events start on Thursday, we’re getting into town a few days earlier. It’s not just to shake off jetlag, but also to make our pitch in the Intuit App Showdown on Wednesday night. A2X was shortlisted with nine others for the best Small Business App and we will be demonstrating to the judges how A2X solves the accounting problem Amazon sellers have reconciling sales data.

Online Business Saves Time Thanks to A2X, Ahead of Amazon Australia Launch

Estimated reading time: 4 minutes. Time gained with A2X will be crucial as Amazon launches in Australia. Kerin* runs a highly successful online business. She had grand growth ideas in the pipeline, but not enough time to set them in motion. A2X is the automated Amazon marketplace accounting service that Kerin used to win back 20 hours a month and the opportunity to grow her business – fast. Kerin and her husband have been running their own very successful online business since 2012, selling world-wide from their base in Australia.

Amazon Australia, Threat or Opportunity?

Estimated reading time: 3 minutes 30 seconds. Amazon launched online product sales in Australia in 2017 and has since established a strong presence in the online market. Australia and New Zealand are relatively small markets on a global scale. However, Amazon’s arrival in the Australian market has been nothing short of transformative. For businesses selling products in Australia or New Zealand - whether they’re manufacturers, start-ups, store retailers or online sellers - Amazon Australia can be seen as a threat, an opportunity, or both.

A2X is a finalist for the QuickBooks App Showdown!

This year at QuickBooks Connect in San Jose, A2X will be competing with 9 other finalists in the 2017 App Showdown! A big round of applause for $100K #smallbiz #appshowdown finalist @a2xaccounting. Excited to see them at #QBConnect! https://t.co/UZ6Sbi2prm pic.twitter.com/KLh8f8JFaA — Intuit Developer (@IntuitDev) October 11, 2017 We’re super excited that A2X has been recognised as a finalist and none of this would be possible without your continued support of A2X - we’re working hard everyday to make A2X the best add-on for Amazon accounting, so far we’ve helped over 1000+ Amazon businesses tidy up their Amazon accounting, and we’re on a mission to help 10,000 more!

Xerocon London: Highlights

This year A2X exhibited at Xerocon London, in the ExCel convention centre and it blew us away! We had such positive feedback talking to over 100 UK accounting firms who go through the pain and hassle of manually accounting for their client’s Amazon sales, in spreadsheets, every month. Here’s a few highlights and photos from the event. If you came to see us, thanks for stopping by! We had a great booth, right at the main entrance.

AVASK's James and Angelos discuss Amazon VAT compliance and enforcement with Ed Rosenberg

Last week Ed Rosenberg interviewed A2X partner firm AVASK about VAT compliance and enforcement for Amazon Sellers. James and Angelos covered how VAT compliance is being enforced for Amazon Sellers and the penalties faced if a business ignores compliance. VAT is complex, with some very serious implications for your business, check out the full interview below to get a sense for the challenges and importance of the VAT accounting for Amazon sales.

Next stop: Xerocon London

Xerocon London starts in just over a week and while it’ll be our first time exhibiting at Xerocon, we know there’s more in store for us than just introductions at the booth. We’ve attended Xerocon as delegates before, so we know there is something quite distinct about Xero events with a strong vibe of openness encouraging everyone to share and contribute to the community. We are looking forward to conversations with Accountants in the UK because we are interested in hearing how the role of traditional accounting is evolving with cloud services.

Taking Eagle & Fox to the world on Amazon

Eagle & Fox had big plans for their business, but their accounting was holding them back. _Here’s how A2X helped the Amazon retailers simplify their VAT reporting, speed up their accounting and grow their business. _ Fergus and Emma Macdonald run Eagle & Fox, a creative online retailer based in the old sea port of Leith, Scotland. They merged their two brands, Kilt Society and The Tartan Blanket Co, into one dream company – a smart and efficient move.

A2X Welcomes bookskeep as an Accounting Partner

Here at A2X we feel privileged to have Cyndi Thomason from bookskeep join our group of North American Partners. Two years ago bookskeep started working with their first Amazon seller client and quickly began partnering with more Amazon sellers every month. Cyndi quickly realized something: Many Amazon pros were pursuing the same flexible lifestyle she was! One of the primary goals at bookskeep is to free up their clients so they can enjoy their life and build a business.

Florida to Join the MTC Sales Tax Amnesty Program

Estimated reading time: 2 minutes. (Updated December 2020). In 2017, we received word from our friends at the PROSPER Show that Florida had joined the MTC Sales Tax Amnesty program. The amnesty was geared towards online sellers with the idea being that they could negotiate to be forgiven some or all of their back taxes, as well as any applicable interest and penalties. Sellers had to meet certain eligibility criteria and apply for the amnesty between the 17th of August 2017, to the 17th of October 2017.

Understanding the Cost of Goods Sold for Amazon

Estimated reading time: 6 minutes 30 seconds. Part of running a successful Amazon ecommerce business is making sure you always keep an eye on your margins. This includes more than just knowing how much Amazon deposits into your account. You also need to know what your actual gross margins are each month so you can track trends, plan for growth, and spot potential problems. The key to calculating your true monthly gross profit and keeping an accurate set of books is understanding your costs of goods sold.

Catching Clouds and A2X: What Makes a Great Partnership

A2X and Catching Clouds - A Great Partnership.  I’m pleased to announce the launch of our A2X partner program, and to introduce the first official A2X partner, Catching Clouds of Denver, Colorado, Catching Clouds provides outsourced ecommerce accounting services for online businesses. The Catching Clouds team are experts in Amazon ecommerce businesses, the technology, and the accounting they need to manage their businesses. Owners of Catching Clouds, Patti and Scott Scharf, have been working with the A2X team since January 2014.

Selling on Amazon? Here's How to Spend Less Time on Accounting, and More on Your Business

Estimated reading time: 4 minutes. 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 means reconciling sales numbers with the actual amounts that land in your bank account can seem nearly impossible, and cost you hours or days every month.

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 reports don’t provide a breakdown of sales tax, don’t date sales accurately month by month for accrual accounting, can’t be exported to accounting software without huge issues, and include extremely confusing fees and charges.

Bookkeeping: No Longer the Bane of a Booming Amazon Business!

Estimated reading time: 4 minutes. The story of 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 – with turnover in the millions of dollars.

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 1:33). Also worth checking out Dan’s fancy bike riding skills right at the end.

A2X is going to Las Vegas! Prosper Show, 22-23 March

We’re coming to Las Vegas this month and we’re excited to meet you! We’ll be attending Prosper Show on 22-23 March at the Las Vegas Convention Center. If you’re going to be there, let’s meet up! If you’re not, you should come. There’ll be 100’s and 100’s of serious Amazon sellers there, apps and services like A2X and some fantastic speakers. If you’re not already booked to go, but want to, A2X has a discount code: “A2XA17” to save $100 on your ticket price.

Amazon Reserve amounts: what to do when Amazon withholds your settlement payment

In this post we want to cover two often confusing transactions you will see in your Amazon settlement files that A2X imports. The first is the Current Reserve Amount and the second is the Previous Reserve Amount Balance. Firstly, a bit of background to these transactions. Why does Amazon withhold payment? Sometimes Amazon withholds some or all of your settlement payment for various reasons. Some examples of why we have seen Amazon do this to sellers: you’re a new seller with no history, your credit card on file with Amazon is expired, or there’s a bank account validation problem in your seller account.

Delays processing Amazon.fr settlements in A2X

This is just a quick note to advise we’re experiencing delays receiving Amazon.fr settlement data from Amazon. We have escalated the issue to Amazon tech support and will update this post as we determine the causes for the delays. In the meantime, the Amazon.fr financial data is not lost, it will be available in your A2X account as soon as we can properly receive it from Amazon. You may see a partially processed settlement in your account while we await the data.

Amazon Promotion and Sponsored Products Accounts

Specific Amazon codes in Xero The other day I was going through my amazon seller fees for the month. I recently launched my first effective Amazon promotion and wanted to see what it looked like in my accounting software. Mostly, I wanted an overview of how much I have given away in order to create the recent promotion related sales. I use A2X and when I did my initial mapping “Amazon Promotion” was not mapped.

How to Account for Amazon fees - Amazon Fee Accounting

Amazon Fee Accounting Basics After taking the time to break down what Amazon’s sales and FBA fees are, the next logical move is to account for them in your preferred accounting software. This way when you look at reports like your Cash Summary and PNL (profit and loss) the Amazon fee and Amazon income portion is easy to spot, understand, and interpret. Setting up and coding your Amazon incoming revenue and outgoing expenses is the sort of thing you really only have to do once.

What are Amazon FBA Transaction Fees and Fee Breakdowns

Estimated reading time: 7 minutes. If you use Amazon’s FBA (Fulfilment by Amazon) service, you’ve probably seen a few extra FBA fees pop up on your statements. In this article, we’ll explain what those fees mean (in real life), and how to record them in your books. So, what are Amazon FBA Transaction Fees? And what do they mean for your business, and for your accounting? Read on. Looking for a comprehensive list of Amazon seller transactions?

Grouping Sales by Product Type in A2X

Estimated reading time: 3 minutes. A2X software offers different options for the grouping of Sales, Refunds, Promotions, Shipping and Gift Wrap charges. We also have a Grouping by Product Type option. Grouping by SKU is fairly obvious; grouping by product type is a little more complicated. In this article, we’re going to show you how grouping by product type works. We’d like to say upfront, product types are generally an extra-for-experts setting that not all users are going to want or need.

How to link multiple Amazon accounts to one Xero account in A2X

We have received a number of inquiries from users that want to link multiple Amazon accounts to one Xero account (called an ‘Organisation’ in Xero), we decided to make this step-by-step guide in order to walk you through the set up process. The example setup is as follows: Amazon Account 1 <–> A2X Account 1 <–> Xero Account (direct connection) Amazon Account 2 <–> A2X Account 2 <–> Xero Account (shared access)

Missing Amazon Settlement Files

Several A2X users have been in touch with our tech support team about Amazon settlement files missing from their A2X account. This is a known issue affecting some Amazon sellers. The symptom of the issue is the new settlement files in your Seller account will have a ‘Request Report’ button showing under Reports > Payments and will require you to manually click the button in order for A2X to access the report.

Reconciling Amazon payments in Xero

In this post we’ll cover how the invoices from A2X reconcile to the payments from Amazon. There are 3 main scenarios outlined below. Single invoice, single payment This is the simplest scenario for reconciling. Xero will see the invoice that A2X creates and the payment from Amazon and offer to reconcile the payment against the invoice, most of the time completely automatically. Xero can match the invoice and payment automatically based on the due date and the amount.

A2X now has the 'Sign in with Intuit' option

A2X is now even more convenient for you to use. A2X/QuickBooks users can now safely sign in with Intuit. A button that you will see on the A2X ‘Sign in’ and ‘Sign up’ screens labelled ‘Sign in with Intuit’ will allow you to sign in with your Intuit login details. Here is how it is done: Step 1 -Select ‘Sign in with Intuit’ After pressing this button, what you see next will depend on whether you are already logged into QuickBooks in your browser, and whether you have already granted A2X limited access to your basic QuickBooks details.

AC T3 Bookkeeping

T3 Bookkeeping adds A2X string to bookkeeping bow Digital tools save Trinity Scott – and her clients – time Like many bookkeepers, Trinity Scott’s journey started with a degree in accounting. But after graduating from college, she found the idea of 60-hour weeks working for a big corporate not all that appealing. Her husband was in the military, and after his stint as a submariner in the Navy, the happy couple decided to start a family.