Amazon

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

Here’s a how-to guide for Amazon UK sellers 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. Therefore, it’s imperative to know a little bit about the sales tax applicable to your Amazon business – right from the start. Like all other Amazon sellers around the world, Amazon UK sellers are subject to sales tax.

How A2X handles VAT in all European Amazon marketplaces

Here’s how A2X can help you manage your sales tax Anyone who runs an online store will know that the beauty of e-commerce is 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. E-commerce has levelled the playing field, making it possible for small businesses to compete with corporate giants on an international stage.

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.

E-Commerce Accounting: What Makes It So Different?

What makes e-commerce accounting different and how using an e-commerce accountant will help You’ve started an e-commerce 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.

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.

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

Build a successful business that turns a sweet profit 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. With that in mind, there is no secret recipe, no guaranteed fast-track to the top of the Amazon golden hill of success.

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.

The 10 E-commerce Accounting Principles

The accounting basics you need to know and understand As bookskeep CEO Cyndi Thomason puts it, “E-commerce businesses are really data businesses” – and we couldn’t agree more! While most e-commerce sellers don’t get into business for the accounting, its 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 e-commerce businesses – out of necessity.

Understanding E-commerce sales tax – a guide

Understanding the basics in the US and overseas If e-commerce sales tax has you scratching your head, you’re not alone. It’s a complicated, ever-evolving beast that not only changes between countries, but in the case of the US, between states as well. While we can’t promise you’ll be an e-commerce sales tax professional after reading this guide, it does cover the basics – and points you in the right direction of where and how to get started with sales tax in the US and internationally.

How to Sell Used Books Amazon FBA

Selling used books on Amazon FBA: How to start a successful used-book business on Amazon Maybe you have a bunch of old books lying around home collecting dust, or perhaps you’ve contemplated starting an Amazon business, but aren’t 100% sure what to sell. Selling used books on Amazon is a great way to get started. If you’re apprehensive about financial risk, selling used books can be a way to launch your business without spending your life savings on inventory.

The Velocity of Ecommerce and Insight - Part 3

Intro: Whether you’re on the go or in the office A2X will save you time and money. You’re selling on an e-commerce platform and you want to do it right. This video is an interview with Conrad Rohleder, founder of Clearinity, a premier integration company. Conrad Rohleder: When you had brick-and-mortar stores, a customer had to stand in front of you and you had to sell them a product.

How-To Guide to Collecting Amazon Sales Tax

Collecting sales tax on Amazon - A how-to guide for Amazon sellers in the US and Canada As an e-commerce seller, you 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. In the US, each state has its own state or local tax rate – some have both.

Where To Find An E-commerce Accountant or Bookkeeper

Introducing the e-commerce accountant directory Find an E-commerce accountant here It’s a complicated beast, accounting – and as an e-commerce store owner, you’ll have had first-hand experience. E-commerce has grown at a tremendous rate, and with it comes the growth of a new breed of accountants. A2X works closely with a fantastic network of e-commerce accountants from all over the world, who are highly experienced with A2X and more importantly, understand the accounting complexities experienced by Amazon and Shopify sellers.

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.

Amazon and Shopify accounting with QuickBooks Enterprise

A2X for Amazon, and A2X for Shopify are helping thousands of e-commerce 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 What is A2X for Amazon?

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.

The Best Amazon FBA Podcasts you need to be listening to in 2019

Expand your knowledge, grow your business Whether you’re a podcast virgin or an in-the-know regular, there’s no denying podcasts are a great tool for Amazon FBA sellers. In a matter of minutes you can learn about the latest update or a new marketing tactic, get inspiration and advice – all while working at home or driving the kids to school. We’ve put together a list of the podcasts you should be listening to in 2019 to expand your knowledge and grow your Amazon FBA business:

Peace of mind with A2X and TaxJar

How they work together to make your sales tax life easier If you’re getting serious about your Amazon e-commerce business, you’ll have already got yourself dedicated cloud-based accounting software, like Xero or QuickBooks. Hopefully you’ll also have integrated A2X so you have timely, useable 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 life can get complicated, especially if you’re selling in the US.

How To Pack Your Products for Amazon FBA

You have decided to use Amazon FBA for your business fulfillment requirements and now you have arrived at the point where it’s time to package your first shipment. You want to make sure that there are no delays, no unforeseen costs, and that your goods arrive at their destination in the same condition they left your business. Why does correct packaging matter? It is not just a matter of packing your products into a box and sending it to Amazon.

Amazon FBA Business Plan Template

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? Listing products on Amazon is just the tip of the iceberg.

The Effect of US Trade Tariffs on Ecommerce Sellers

PART TWO - An Interview with the owner of a US based manufacturer and online retailer - By Karen Brady Click here for PART ONE 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 current Trade Wars have impacted his and other companies.

How the US Trade Tariffs will affect Amazon FBA Sellers

PART ONE - An Interview with Paul Grey of ExportX - global sellers on the Amazon platform since 2008 - By Karen Brady Click here for PART TWO ExportX is an international e-commerce 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.

Tips for getting started with Amazon FBA, Accounting and doing things the right way

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.

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 2019

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. Here’s some interesting facts and figures: Amazon’s share of the US e-commerce market is now 49%, or 5% of all retail spend - July, 2018. Amazon operates marketplaces in 13 countries and ships worldwide. Amazon entered the Australian market at the end of 2017.

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

คาสิโนออนไลน์ - Feb 3, 2019 บาคาร่าออนไลน์ The definitive guide to Amazon 1099K reports for Amazon Sellers

The definitive guide to Amazon 1099K reports for Amazon Sellers

What does the 1099K mean? How do I reconcile a 1099K? Why are the financials not accurate for business management accounting? Introducing the 1099K report from Amazon 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?

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:

A2X wins Xero Americas Industry Specific app of the year 2018 award

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.

Using spreadsheets for your Amazon accounting? Here's how it compares to A2X

Patti Scharf from Catching Clouds gave 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. We always tell Amazon sellers it’s better to focus on value-add activities in the Amazon business such as new product development or sales and marketing, instead of boring/time-consuming spreadsheet accounting. Similarly for accountants, it means moving to value-based services and automating the mundane data entry, so you can focus on the high-value consulting and advice that is both a more valuable use of your time, and more beneficial to your clients.

Infographic: A Guide to Amazon Seller Fees: Everything You Must Know Including Hidden Fees

There are many fees involved in working with Amazon as a seller. When it comes to selling on Amazon, nothing comes for free! 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 - What is Amazon Web Services, Some Facts & Stats

For over 10 years now Amazon has been conquering the world of web hosting. You might be unable to purchase a shared hosting plan directly from the online giant, but, more likely than not, you already have used services running on Amazon Web Services. Netflix, Reddit, AOL, and Pinterest are some of the most popular names hosted on Amazon servers. Even GoDaddy (affiliate link) allied with AWS and is already moving the majority of its infrastructure to the leading Cloud service.

How to Accountants can grow their Amazon seller client base

If you’re an accountant who’s trying to establish your niche, serving Amazon sellers is a great option. Consider this: there are over 2 million sellers registered on Amazon, and approximately 2,975 sellers join Amazon every single day. That’s a sizeable pool of potential clients that you can target, right off the bat. On top of that, these folks are raking in quite a bit of cash. All in all, marketplace sellers made $118.

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.

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

This post is a guest post from Michael Fleming founder of Michael J Fleming & Associates. Amazon sent an email on the afternoon of October 23 2018 that stated Amazon had received a “valid and binding legal demand” from the state of California to turn over third-party seller information. This sent an immediate wave of shock and fear through the FBA community. Many sellers asked what does this mean? While many others assumed the worst, that California was coming after everyone.

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

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 Accountants in the UK: How can Amazon Sellers prepare for the UK’s MTD?

MTD, or Making Tax Digital, means a big change for Amazon Sellers trading in the UK, and affects all aspects of the way Sellers account for VAT to the HMRC. Despite the increasing urgency for Sellers to start their transition to compliant digital systems, there is currently very little mentioned about MTD on the UK media. When I first considered this topic for a blog, I never imagined that I’d actually be in the UK, talking to Accountants about how Amazon Sellers can prepare for this.

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.

Options for filing sales tax returns

This article is a guest post from our good friends at MuseMinded - The Amazon Accounting Specialists. They have teamed up with Permitted to offer a free sales tax starter kit for US-based Amazon sellers. Learn more here. 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. In our previous two posts, we covered:

Sales tax strategies for Amazon FBA sellers in the United States

This article is a guest post from our good friends at MuseMinded. They have teamed up with Permitted to offer a free sales tax starter kit for US-based Amazon sellers. Learn more here. 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.

What is sales tax and why does it matter to me?

This article is a guest post from our good friends at MuseMinded. They have teamed up with Permitted to offer a free sales tax starter kit for US-based Amazon sellers. Learn more here. In the Amazon FBA community, sales tax has become quite a controversial topic during recent years. To understand why, let’s start by taking a look at what sales tax actually is. Sales tax is a ‘consumption tax’, which is supposed to be paid when a good is consumed (or sold at the retail level).

Sales tax: Understand your obligations and make a plan

In the United States, there is lots of confusion surrounding sales tax among Amazon FBA sellers. This is due to a concept called nexus, which refers to having an economic connection or link to a State. To understand why nexus is such an important consideration for Amazon sellers, we need to take a look at how the retail landscape has changed over the past few decades. Before eCommerce and large scales online marketplaces such as Amazon and eBay gained prominence, most retail business in the US was conducted by bricks and mortar stores.

Systems that scale - Preparing your FBA business to enter new markets

This article is the third and final post in our three-part series of tips and tools for people that are thinking about selling on Amazon. In the following paragraphs, we take a look at the differences between analytics and accounting, the importance of getting the right tools and software in place before entering new markets, and things to consider when entering new markets. We are living in an increasingly globalized world, where the internet has broken down many of the barriers to trade and entry into foreign markets.

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.

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

On June 6th, 2018, we hosted a meetup for Amazon sellers, accountants, and people involved in the eCommerce space. This meetup 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.

5 Growth Opportunities Every Amazon Seller Should Take Advantage Of

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 grow your Amazon business? While there are several ways to take your storefront to the next level, here are five growth opportunities to take advantage of now:

Ecommerce options: whether to sell through Amazon or your own website

Amazon is an e-commerce 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.

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.

Amazon Accounting Meetup Summary: Sydney, Australia May 22nd

On May 22nd, 2018, we organized a meetup 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 meetup: Jeri Wambeek from Which AddOn. Michael Fleming from Sales Tax and More (via video link). Arnold Shields from Dolman Bateman Accountants. Our meetup was hosted at the QBO Sydney offices.

A brief guide to VAT obligations for Amazon merchants selling in Europe

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.

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

Like many states, Pennsylvania is in the process of introducing new tax legislation aimed at ecommerce retailers. While their new system is slightly less messy and complicated than some others, it can still be difficult to understand for non-accountants. If you’re an Amazon seller selling in Pennsylvania, it’s obviously beneficial to understand the ins and outs of the new system. We talked to Amazon tax expert Michael Fleming, of Michael J Fleming & Associates Sales Tax and More, to gain a better understanding of the issues and how they will affect your business.

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

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 – which helps them automate some complex processes, get accurate numbers, and speed up their results – does just that. 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

The Prosper Show is an annual conference for Amazon marketplace sellers, and the ecosystem of businesses and applications that serve marketplace sellers. 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 curly questions, and have a discussion about the future of Amazon accounting.

Changing the Landscape of Tax Law

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. This changing climate can make accounting more difficult for sellers – and that’s where tools like TaxCloud come in.

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?

A2X, Amazon, and the future of accounting with HPC

A case study with HPC Accounting and A2X 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 personalised service and in-depth advice. As Accounting Manager Catherine Fogarty explains, HPC was also an early American adopter of Xero.

Registrations, regulations, and complications – tax planning for international Amazon sellers in the US

In many ways, Amazon is a boon for international businesses wanting to break into the US market. It offers sellers a ready-made platform for sales, and even provides other services such as fulfilment and shipping. But doing business in the US isn’t as simple as Amazon might make it seem. Prospective ecommerce sellers need to consider state and federal tax laws, banking regulations, and business registration – and they need to get the paperwork organised before they start selling.

Amazon Bookkeeping tips from Patti Scharf, Catching Clouds

Patti Scharf from Catching Clouds has published this fantastic video on the Catching Clouds Academy YouTube channel introducing the many challenges and mistakes Amazon sellers make when accounting for their Amazon sales, and how you should be doing it (with A2X). Here’s the video, I highly recommend checking it out: Patti is putting out a ton of great videos, so if you like this one, subscribe to their channel.

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 to what is reported as record first day sales for any Amazon marketplace. At A2X, we’ve been busy preparing and testing our connectivity and are now pleased to report we have our first Amazon Australia sellers connected and ready to import their first settlements. A world first for Amazon accounting. If you’re an Australian business selling on Amazon in Australia, or an international firm opening an Amazon.

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 Banks Time, Ahead of Amazon Australia Launch

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?

Amazon is preparing to launch online product sales in Australia in the next few weeks. As everyone knows, Amazon is the Western world’s largest online retailer, offering customers almost any product, delivering almost anywhere, and all at very competitive prices. Australia and New Zealand are relatively small markets, and Amazon’s arrival will be transformative. For businesses selling products in Australia or New Zealand, whether they’re manufacturers, startups, store retailers or online sellers, Amazon Australia could be a dire threat or an unprecedented 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.

Do your financials tell a story that sells?

With accrual accounting, the business gained in value by 86 percent." Your financial accounts should offer insight into your business, showing successes and opportunities and helping to pinpoint trouble areas. It means, as an Amazon seller you have the information you need to make better, smarter decisions about the future of your business – you’ll know the true cost of sales, where you’re making and losing money, and where you could be investing more.

A2X welcomes its first UK partner, AVASK Accounting and Business Consultants

I am delighted to announce the introduction of our first United Kingdom 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. Dr Angelos Katsaris, Business Development Director at AVASK, has this to say about A2X:

Future-proofing your Amazon business for sale

Like all business owners, Amazon marketplace merchants may one day weigh up the prospect of selling their business. And, of course, they’ll want to get the best possible price. It’s never too early to ensure potential buyers will see your business in the best possible light. Online business broker and owner of Quiet Light Brokerage, Mark Daoust, shares tips to make the process much more streamlined. Have clean books Buyers want to see clean, concise books that accurately reflect business efficiencies and inefficiencies.

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

Florida: We received word from our friends at the PROSPER Show that Florida has joined the MTC Sales Tax Amnesty program. Detailed information about the MTC Sales Tax Amnesty Prosper Show have created a MTC Sales Tax Amnesty Presentation that describes the initiative in detail and talks about how to apply for the program. What States are participating in the program? The program covers these states: Alabama Arkansas Colorado Connecticut Florida Idaho Kansas Kentucky Louisiana Nebraska New Jersey Oklahoma Texas Utah Vermont Note: Seven additional states are considering participation, and will indicate before August 17 start date.

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.

How e-commerce accounting firms use A2X to automate for their Amazon clients

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. How MuseMinded makes accounting easy for their Amazon seller customers with A2X. Jeremiah is passionate about entrepreneurship, family and living with intention. Jeremiah wanted to create a business that would provide for his family and at the same time allow him to spend time with with them; and that’s not all.

When to hire an accountant for your Amazon business

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.

Amazon Lending Has Funded 20,000 Businesses

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 is a good one; businesses gain the working capital to fund more inventory of popular products, that generates more sales, those businesses grow, and Amazon’s overall revenue grows accordingly.

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 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

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. That was great news, except when it came to keeping his financial books tidy.

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.

How to Reconcile Your Amazon Seller Statement.

If you’ve ever reviewed an A2X settlement summary, you’ll know Amazon has some very creative ways to charge Amazon sellers money - ShippingChargeback, GiftwrapChargeback, SalesTaxServiceFee - what do all these Amazon fees mean, and how do you reconcile them to the Amazon reports in the Reports > Payments section of Seller Central? Great question! In this blog post, we’re going to reconcile your Amazon reports by working through a complete example that matches the low-level transactions in the settlement report to the corresponding sections in Amazon’s settlement report.

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.

Comprehensive List of Amazon Seller Transactions

Amazon Seller Transactions and Transaction Fees As an Amazon seller it is a good idea to have a finger on the pulse of the Amazon Seller Transactions. That is not to say you have to constantly be aware of them all the time, but in order to get your cost of doing business straight, you need to know at least the basics. In this post, you will find a very comprehensive list of each transaction type.

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 Breakdown

Amazon FBA transaction fees breakdown You have already made the decision to sell your products on Amazon and use FBA to do the fulfillment. More than likely it was the right decision, although there are certain times when fulfilling yourself is the right thing, more often than not Fulfillment By Amazon is the best way forward. If you are like the ‘old’ me then the trouble is that you view your Amazon transactions as ‘money-comes-in’ and your cost of making the sale as ‘money-goes-out’.

Grouping sales by product type in A2X

Introduction In A2X we can group sales all together or we can split them by SKU or product type. Grouping by SKU is fairly obvious, by product type is a little more complicated! In this post we’re going to show you how grouping by product type works. I’d like to say upfront, product types are generally an extra-for-experts setting that not all users are going to want or need, it lets you group many different SKUs into single invoice line items for special accounting or tax treatment.

What happens when you owe Amazon money? Negative balance invoices in Xero

A2X can automatically post your Amazon settlements to Xero. If the settlement covers more than one month, we’ll split the settlement and create 2 invoices, one for each month the settlement covers. In general those invoices will be receivable invoices (i.e Amazon will pay you money). What happens when the fees and costs are higher than the revenue? You technically owe Amazon for that period (even though overall they likely owe you for the total settlement period).

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.