Guide

Accounting for Shopify Sellers: The 8 Setup Steps

Selling on Shopify is all about freedom of expression for your brand, and that’s pretty exciting for an ambitious entrepreneur. With Shopify’s unique customization offering, it now powers millions of ecommerce stores and some of the biggest brands in the world including Kylie Cosmetics, Heinz, Lindt, RedBull, Tesla, Sephora, and more. But the road to growth and success isn’t without bumps, and planning as early as possible for these is the best way to minimize damage.

Understanding Ecommerce Sales Tax

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.

Accounting for Amazon Sellers: The 5 Basics

Selling on Amazon is a pretty exciting prospect for any entrepreneur. With billions of visitors every month, Amazon.com is an advanced marketplace armed with all the tools new sellers need to make a serious profit. But the road to making money on Amazon isn’t always smooth. It can be made easier with smart planning upfront - especially when it comes to how to do Amazon accounting. This guide is an introduction to setting up your accounting for Amazon FBA.

The Basics of Ecommerce Accounting

“Ecommerce businesses are really data businesses." - Cyndi Thomason, CEO of bookskeep. Most ecommerce sellers don’t go into business for accounting. But to run a profitable, healthy business, it’s crucial to understand your numbers. And for ecommerce, there are a few key definitions and systems that you need to know in order to give yourself the best chance at success. Regardless of whether you are a seller or an ecommerce accountant needing an overview, this is the place to start.

10 Ways to Grow Your Amazon Client Base

If you’re an accountant trying to establish your niche, serving Amazon sellers is a great way to get your name out there. In 2021, there are 1.9 million active Amazon sellers, with the site selling around 4000 items per minute! That’s a sizeable pool of potential clients for an accountant. And currently, around 34% of them are looking for new opportunities, so that’s a good indication that they’ll be able to outsource their accounting and bookkeeping to a professional such as yourself.

The Ultimate Guide To Shopify Accounting And Automation

Just about anyone can start selling online, but not everyone will be successful. Those success stories are founded on talent, creativity, and passion - but they also depend on excellent management of the money that drives them. Cash flow is like blood flow. It powers every organ of your business and if it’s not nurtured, maintained, and regularly vetted, it can cause serious, compounding issues. In the first part of our Shopify accounting hub series, we looked at the 8 setup steps to help you set the scene for your new venture.

How-To Guide: Seamlessly Integrate Shopify with QuickBooks

Automating the accounting side of your ecommerce business is a smart step. Not only are you ensuring accuracy and consistency over the lifeblood of your business, but you are gifting yourself the time to invest your resources elsewhere. When you integrate Shopify with Quickbooks, your store transactions are uploaded and stored automatically. When you add A2X into the mix, the details within these transactions are captured and displayed for you, ensuring that you have all the information you need, as an ecommerce seller, about your financial activity.

eBay Taxes: An Overview Guide

eBay sellers generally need to pay most attention to the following taxes depending on their location: Sales tax (for the US) VAT or GST (for countries outside the US like the UK & Europe) Income tax (for most sellers, wherever they are) For more detailed information on these, select the guides linked above. Here, we’ll cover some of the frequently asked questions about eBay taxes across the board.

Profit First for Ecommerce Sellers

Accountants might be comfortable with P&Ls and balance sheets, but not all ecommerce sellers are. When it comes to a quick reference point on the health of their business, sellers often look at their bank accounts. With bank transactions being almost instant nowadays, nowhere else offers them the same real-time viewpoint as those balances. Simple, quick, and easy. But as we know, simple, quick and easy can often lead to poor quality.

How-To Guide: Seamlessly Integrate Shopify and Xero

Automation is all about working smarter. It allows you to hand the repetitive tasks of your business, that demand accuracy and consistency, to software designed to handle this. As a result, you have more time to up-skill, learn and grow your business. If you are here, you have probably figured that much out already. Using Xero for Shopify brings you as a seller a host of great benefits and functionality options, so here, we will explore what these are and how to get started.

The Development Stages of Your Ecommerce Tech Stack

This blog is based on a guest post from our friends at Clearinity. Businesses, like people, evolve over time. Just ask any entrepreneur, and they’ll tell you that years 1-3 may look nothing like years 5-8! The clientele are different. The revenue is different. How daily work gets done might be similar, but the systems that help are usually very different. Clearinity noticed that the best business builders will tell you that they have a plan for their business.

The 10 Most Common Amazon Accounting Mistakes (and How to Avoid Them)

FBA sellers stand to make good money if they know what they’re doing. Around 20% typically make between $1000-$5000/month, with around 10% making up to $50,000/month. The sky’s the limit, but the foundation must be robust first. And there’s plenty that can go wrong easily, especially in the early days. This blog is inspired by a previous guest post by our friends at Bean Ninjas, and this video by Catching Clouds co-founder Patti Scharf.

Finding Your Specialist Ecommerce Accountant

This guide is part of our Ecommerce Accounting Hub, fundamentals series. If you’ve been with us since the beginning, you’ll know how complex managing ecommerce accounts can be. And then there are the added layers of sales tax, inventory, and merging multiple channels to consider, all of which directly impact your books. To make sellers' lives easier, we have a directory of our trusted accounting partners based all over the world, so that you can find the expert, professional help you need.

How To Find An Amazon Accountant Or Bookkeeper (And When) [Full Guide]

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.

How-to Guide: Xero eBay Integration

Automating some parts of your business can majorly simplify the way it operates. You can save time and money by streamlining processes, increasing the efficiency of your business, and leaving less room for error. Sounds like a recipe for success - what’s not to like? Accounting must be done accurately in order for a business to thrive, so it makes sense to automate this part of your operations. When it comes to bookkeeping for eBay sellers, Xero is a versatile tool that can automatically generate, record and display the data you need to make important financial decisions.

QuickBooks eBay Integration Guide: How to Get Set Up

By automating the accounting side of your business, you’ll save time, make fewer mistakes and stay on top of your numbers. These are all critical components of running a successful, scalable online business. Connecting your ecommerce platform with accounting software just makes good business sense. When connecting your Quickbooks and eBay accounts, you need to be aware that without a third party to offer insights about your business performance, you may be limited in what details you can see.

Amazon Prime for Amazon Sellers [2022 Guide]

The top reason people shop on Amazon is for fast and free delivery (79.8%). The third top is that they’re an Amazon Prime member (65.7%). You might be wondering about competitive prices? That comes in fourth, at just 49.2%. So you could be missing out on over half of Amazon’s customers by not taking advantage of its Prime program. The member base of which, by the way, sits at a cool 200 million people worldwide.

The Ultimate Amazon Shipping Guide

“Amazon has transformed the small miracle of each delivery into an expectation of modern life.” New York Times More than 50% of US shoppers turn to Amazon first when searching for new products. 80% of those are influenced by the lowest shipping prices, and 72% are looking for the fastest option. You could also lose more than half of those due to shipping-related costs at checkout.

What The 2021 One-Stop Shop Means For Online Sellers

This is a guest post by our friends at HelloTax, specialists in VAT compliance and ecommerce tax automation. The introduction of the One-Stop Shop (OSS) initiative in July 2021 brought about a number of changes affecting online sellers and their taxes in Europe. And not just sellers, either. Any active business owners or stakeholders on any of the online marketplaces are likely to be impacted by the changes. New rates, recipients, and criteria for eligibility have been defined, so anyone with business interests in or around Europe needs to get up to date.

The Ultimate Shopify Facebook Marketing Guide

Consider this for a moment. Facebook currently has 2.89 billion active users. Out of those, 1.84 million people are daily visitors. And users spend an average of 38 minutes per day on Facebook - and, they like it. The potential for a smart Shopify Facebook marketing strategy is huge. So don’t go anywhere. In this guide to Shopify marketing on Facebook: Table of Contents Who Uses Facebook These Days?

The Definitive Shopify Marketing Resource

“Marketing is about values. It’s a complicated and noisy world, and we’re not going to get a chance to get people to remember much about us. No company is. So we have to be really clear about what we want them to know about us.” Steve Jobs, ex-CEO and co-founder of Apple.  As a Shopify store owner, you’ll no doubt know that marketing is important for your business.

How To Sell On Amazon Canada

Amazon.ca gets 15.9 million unique monthly visitors from Canada alone. In 2019, 30,000 Canada-based third-party sellers grossed more than $1 billion on Amazon.ca, reflecting a 40% year-over-year growth. In short, the time is now to start selling on Amazon.ca. This guide will tell you everything you need to know to become a successful seller on this enormous platform. We’ll cover how to sell on Amazon Canada, break down the latest trends and data around Canadian online buyers, and even dive into the nitty-gritty details around fees, accounting, and more.

Expanding Internationally With Bean Ninjas’ Tracey Newman

This article is a summary of a video interview conducted for the Ecommerce Back Office Facebook group. This group is a community of ecommerce business owners, sellers, accountants, and anyone else involved or interested in selling online. It is always open to new members, and there you’ll find interviews like this one, discussions, polls, and new connections across the world. Check it out here. In this piece, Bean Ninjas Director and ecommerce accounting specialist, Tracey Newman will be sharing a range of wisdom and insights when it comes to international expansion for ecommerce businesses.

Inventory Forecasting With StockTrim’s Dominic Sutton

This article is a summary of a video interview conducted for the Ecommerce Back Office Facebook group. This group is a community of ecommerce business owners, sellers, accountants, and anyone else involved or interested in selling online. It is always open to new members, and there you’ll find interviews like this one, discussions, polls, and new connections across the world. Check it out here. In this article, StockTrim co-founder Dominic Sutton reveals the most valuable lessons he’s learned about inventory forecasting during his career, why it’s essential to get it right, and how ecommerce businesses can make the most of accurate forecasting systems.

Ecommerce Marketing With A2X’s Denym Bird

This article is a summary of a video interview conducted for the Ecommerce Back Office Facebook group. This group is a community of ecommerce business owners, sellers, accountants, and anyone else involved or interested in selling online. It is always open to new members, and there you’ll find interviews like this one, discussions, polls, and new connections across the world. Check it out here. In this blog, our Marketing Manager here at A2X, Denym Bird, spills the beans on what he’s learned about marketing online over the years.

Etsy vs Amazon Handmade: How Do They Stack Up?

Listen up, talented artisans. If you’re eager to share your creations with the world but unsure whether Etsy or Amazon is the right space for you, don’t go away. Etsy is an established marketplace of similar sellers that saw a growth of 160% in its habitual buyers last year (2020). The ecommerce giant that is Amazon has a dedicated section for handmade products, giving sellers like you access to its unparalleled visitor numbers.

The Ultimate VAT Guide for Amazon Sellers in UK & Europe

If you’re an Amazon seller trading into or within the UK and Europe, you’ll no doubt have noticed a lot of VAT changes in recent months. First as a result of Brexit, and most recently, the 2021 Ecommerce VAT Package, active from July, which shifted the goalposts in a few different ways. In this guide, we’ll break down what you need to know about VAT, the new regulations and new options for those filing, and creating your own Amazon VAT strategy.

Expand Your Business Seamlessly With A2X Multi-Channel Plans

Are you an ecommerce seller (or accountant) running more than one sales channel and A2X account? Or perhaps you’re considering expanding and will need to do this soon? A2X offers multi-channel plans so that you can integrate and manage your accounts seamlessly across your business. This guide will take you through your plan options and how to set this up. Table of Contents A2X Multi-Channel Plans How to Connect Your A2X Accounts with a Multi Plan For any ecommerce seller on multiple platforms For premium Amazon and Shopify sellers using the same platform Accounting for Multiple Channels A2X Multi-Channel Plans The plan levels are based on your combined sales volume per month.

Amazon FBA vs Shopify: Which One Is Best For You? [Guide]

Amazon and Shopify. One is the most popular ecommerce retailer in the world, worth over $1 trillion. The other powers some of the biggest commercial names on the internet, including Tesla, KKW Beauty, Victoria Beckham, RedBull, Kylie Cosmetics, AllBirds, and more. But there are perhaps more differences between Amazon and Shopify than there are similarities. Amazon is a marketplace facilitator. Shopify is an ecommerce platform. The strategies that sellers need to adopt to be successful on these sites vary greatly, and the trade-offs might just sway you towards one over the other.

How To Sell On Etsy: Everything You Need To Know [Guide]

Etsy is the home of the makers, the doers, the dreamers, and the creators. Original, vintage, and hand-made products are Etsy’s trade. So naturally, it attracts crafty sellers wanting to share their talents and skills. But Etsy is an ecommerce platform first and foremost - one with a trade value of $2 billion on the NYSE. Selling on Etsy successfully takes more than simply signing up and listing a product.

The "Hidden" Costs of Running An Ecommerce Business

This is a guest post from our friends at MerchantSpring, a tool for managing your ecommerce business. Whether you run a small start-up or a major enterprise, there’s no question that your online presence is a crucial investment for your business. The trick is knowing where to spend your money for the best results with the greatest return. In this blog, we’ll be looking at the expected and unexpected costs that come with ecommerce.

Etsy SEO Guide: Everything You Need To Know [Ultimate Guide]

“Sellers control the most important factors in Etsy search placement.” Etsy.  Etsy SEO is worth your time. Still one of the top digital marketing strategies for the greatest return, SEO for Etsy can be broken down into a few key areas for relatively straightforward application. The only challenging thing about SEO is that it’s a journey, not a destination. You’re never really done with SEO, whether on Etsy or elsewhere.

Shopify vs Etsy: Which Platform Should You Sell On?

What do a pair of snowboarding, outdoor enthusiasts, and an urban apartment-dwelling creative have in common? All were entrepreneurial founders of two of the most popular and successful ecommerce businesses in the world to date: Shopify and Etsy. They built the tools to enable imaginative sellers like you to bring your products to the world. But which is right for your business? If you sell craft, handmade or vintage items (which meets Etsy’s criteria), and you’re unsure whether to kick off with Etsy marketplace or go solo with Shopify, this guide is for you.

How To Sell On Amazon in 2021 [The Ultimate Guide]

In 2020, it became official: Amazon is worth $1 trillion. Sharing its name with one of the most biodiverse forests on the planet, Amazon’s seemingly infinite footprint and product offering are similarly expansive. And Amazon.com is the tip of the iceberg. From music streaming to healthcare, gaming, entertainment, cloud computing, and more, Amazon is so much more than an ecommerce platform - though it still holds the top spot for that, too.

Amazon SEO Guide: How To Rank At The Top Of Search Results

Every year, around a million new sellers join Amazon. With around 4,000 items selling on the platform every minute, there’s no shortage of buyers for that hefty seller base. But a competitive edge is everything, and it makes good financial sense to start with the freebies. Search Engine Optimization is free. You might already associate SEO with blogs or websites, but it’s just as important for ecommerce platforms. Optimizing your listings for search engines is an effective way to get people from Google to your Amazon store.

Sage eBay Integration Guide: How To Automate Your Accounting

Integrating eBay with cloud accounting software is a great way to save you time, make sure nothing is missed in your bookkeeping, and give you access to financial information anytime, anywhere. Sage is a fantastic option for any eBay seller, with plans that can grow with you and an internationally-acclaimed reputation. But whilst integrating eBay and Sage is a smart first step, it won’t get you the optimal accounting stack for ecommerce - that’s the same for any other platform and accounting software provider, too.

Why Multi-Channel Ecommerce Sellers Need A2X

Selling on multiple sales channels should mean more sales, not more admin. Here’s what A2X, the leading ecommerce accounting software, can do for your business. What’s Challenging About Ecommerce Accounting? Ecommerce is not like brick-and-mortar, where the majority of transactions occur directly through the bank. With ecommerce, transactions are occurring through the sales channel and businesses receive lump deposits net of fees. When you start selling on multiple sales channels, these difficulties compound.

Why Speed is Essential in Your Business' Financial Reporting

This is a guest post from our friends at Bookkeeper360, experts in tech-driven accounting solutions for business owners that want more time back to focus on their business. When you boil down financial reporting, you find two vital elements for your business—accuracy and speed. If you’re an owner or financial professional at an ecommerce organization, financial accuracy is a well-understood aspect of your business. That said, speed is just as important.

The Ultimate Guide to eBay VAT

When you sell online to a global market, you’re opening up your business to a world full of consumers with disposable income. You’ll also become subject to meeting tax thresholds in multiple economies with different rules (sigh). And with ecommerce being the lucrative beast that it is, tax authorities in those multiple economies are onto you. But don’t close up shop just yet. In this guide, we explore all things VAT in the UK and Europe - what it means for eBay sellers like you, and how to get started.

How Does Accounting Compare Across Ecommerce Platforms Today? An A2X x Insightful Accountant Webinar

On 26th May 2021, we took part in a webinar with Insightful Accountant to discuss how ecommerce sellers need different kinds of accounting support based on their selling platform. We explored what’s changed and still changing, the key accounting challenges for each type of seller, and trends emerging within the industry. Armed with these insights, ecommerce accountants can anticipate the changing needs of their clients this year and better serve them in their journeys.

Xero Amazon Integration Guide [How To Set It Up]

As a financial hub to help you record, crunch and analyze your sales, Xero is a great software option for Amazon sellers. Designed to grow with you, whatever size or stage you may be at in your business journey, Xero has your accounting covered. But whilst automating the transfer of your financial data from Amazon to Xero is a core step, it’s not the end of the road. You still need to manually reconcile tens, hundreds - even thousands of orders as you grow, and that’s not sustainable.

Good Etsy Shop Names And How To Find Yours

As an Etsy seller, creativity comes naturally to you. But if coming up with a good Etsy shop name has thrown you off your game, you wouldn’t be the first. Equally problematic is if you’ve already come up with your preferred store name, but tragedy strikes, and your name has been used by another Etsy shop. Not knowing where to begin is expected, but we’ve got you covered. Instead of heading back to the drawing board without a lick of inspiration, use this guide to ignite your creativity.

Sage Amazon Integration: How To Get Started [Full Guide]

In 1981, David Goldman wanted to streamline the accounting process for his own business. With few accounting automation options available at the time, he decided the best way to do this was to create a platform of his own. Thus, Sage was born. 40 years later, Sage is now one of the largest tech companies in the UK. A brand defined by its premier resource planning software, and a charitable side to boot.

Everything You Need to Know About Migrating to A2X for Shopify from Bold (and Why You Should)

As connector apps, A2X and Bold are important parts of optimized ecommerce accounting automation. These apps ensure that your Shopify data is calculated accurately and organized. But the way they each do this and the resulting outcomes are quite different. One of them has a few additional features to offer - features that can transform the way you do business. And you might be surprised to hear that switching is not only easy, but books can be backdated, so it’s almost like the migration never took place at all.

What Are The Best Products To Sell On FBA?

According to a Feedvisor survey, 89% of buyers agree that they are more likely to purchase from Amazon than other ecommerce sites. And with Amazon bringing in over $125 billion in sales revenue in the fourth quarter of 2020 alone, it shows. With numbers like that, it makes sense why sellers are still flooding to the platform but where do you start when choosing what to sell there? On a site that has become a global go-to for just about anything, how do newbies (or pros) know what will actually make them any money?

Quickbooks Amazon Integration Guide [How To Set It Up]

Amazon first opened its digital doors to sellers worldwide in the early 2000s. But back then, people only had the option to sell either books, CDs, or DVDs. Nowadays you can find and sell just about anything on Amazon. From groceries and toy cars to bonsai trees and mobile phones; if it can fit in a Fed-Ex van or be downloaded as a PDF, you’ll find it on Amazon.

How To Set Up An Etsy Seller Account [Tutorial]

So you’re thinking about joining the Etsy family? Exciting! Etsy is the platform for creatives, where imagination comes to life and buyers love personal touches. It’s all about the hand-made, human feel, but it does need to start with some techy steps first. Setting up your Etsy seller account is very easy, and this article will show you exactly how (as well as the crucial next step). In this article on how to set up an Etsy seller account:

Amazon Automation Guide: How To Simplify Your Business

Automation is the process of letting the technology we’ve created do the leg work for us. Machines can do so much that we don’t need to do ourselves, and often better than us. By automating those tasks, we get to preserve our time for the things human beings can add value to with experience, intuition, and nuance—the strategy part of the business. But like most things today, the options of technology out there can be a little overwhelming.

eBay Selling Guide: Strategies For Success

So you’re ready to sell on eBay, but you want to make sure you do it right - and actually make a profit? Strap in! eBay gives everyone from merchants to ecommerce hobbyists an easy-to-use platform to make sales, but it’s not without competition. With almost 200 million buyers and 1.6 billion listings, sellers need to maintain a competitive edge in order to succeed. We’ve been busy looking closely at eBay, and we’ve written a number of guides and articles on how to use the platform successfully.

How To Integrate Etsy and Sage Business Cloud Accounting

Time is one thing you can’t buy and if you’re an Etsy seller, it’s probably safe to assume that you already need as much of it as possible to create. Bookkeeping is fundamental to the survival and growth of your business, so it needs your attention and your investment. Fortunately, neither of those things need to be significant - not with the technology that allows you to work smarter, not harder.

How To Find The Right Shopify Theme For Your Store [Guide]

The theme of your Shopify store dictates almost everything. What your customers see, how they interact with your brand, what media and add-ons you can include - the list goes on. It’s important to think about what you’ll need from your theme before you go diving in and get carried away by the cool color palettes and exciting plug-ins. Plus, with a little planning, you’ll be able to see whether a freebie will cover your bases or if a paid option is worth your time and money.

What Are The Best Shopify Products To Sell In 2021? [Guide]

People shop via ecommerce for just about anything, so the list of things you could sell online is practically endless. Where do you start when it comes to finding products that will be popular for your Shopify store? In this guide, we aren’t going to just provide you a list of promising ideas. Whilst we will cover what has been performing well, we want to help you ask the right questions and perform insightful research so that you can make the best decisions for your business in the long-term.

How To Integrate Etsy And Xero With A2X [Automation Guide]

If you’re an Etsy seller, you’re likely driven by creativity and probably didn’t get into business to manage bookkeeping. Accounting might not be in your comfort zone, but even if it is, there are quicker and more accurate options for managing it besides manually inputting data. This way, you can get back to what you do best: Making. Apps and integrations are beautiful things, but you need to understand how they work with, and optimize, one another to get the best out of them.

The Story Behind eBay Valet And Alternatives You Can Use

So, you’ve created amazing, optimized listings on eBay, and they’re starting to get attention. Suddenly, you need to make sure that your items are getting to the buyers quickly and painlessly - one of the key drivers of customer satisfaction on the eBay platform. For some, getting a large volume of items from storage into the mailboxes of the buyers in a timely manner is a logistical nightmare. Furthermore, some ecommerce sellers just don’t want to deal with the administration involved with listing and selling items online.

The Ultimate Shopify Sales Tax Guide [Full Resource]

In the mid-1990s at the dawn of ecommerce, online sales weren’t worth enough to garner the attention of tax authorities. Sales tax was something paid by businesses with a fixed, physical address, and back then, most had that. This isn’t the case today. Since Shopify’s inception in 2004, US ecommerce sales revenue has skyrocketed from $75 billion to $787.9 billion in 2020. In the last decade alone, the industry has multiplied itself almost five times over.

How To Hire And Vet The Right Bookkeeper For Your FBA Business

This is a guest post from our friends at specialist ecommerce accounting firm Bean Ninjas. When you’re first starting out, you might be tempted to do your own bookkeeping and accounting. However, as your business grows, it is rarely a good idea to keep DIY’ing it. Every minute that you are spending on bookkeeping is time you aren’t spending on growing or running your business. If this resonates with you, then read on to learn how to hire and vet the right bookkeeper for your FBA business.

eBay Growth Guide: How To Increase eBay Sales

There’s money to be made on eBay. In 2020, eBay sales revenue grew 22% - and that’s not the only thing that grew. With more sellers joining eBay every day and approximately seven million in the US alone, competition is rife. Growing on the platform takes work. But that’s why you’re here - to find out what your options are and how to leverage every available tool at your disposal.

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

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? And that Amazon actually has less sellers, but makes more money?

The Best Amazon Fee Calculators Of 2021

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.

Shopify vs eBay: Where Should You Sell? [Ultimate Guide]

Thinking of selling online, but unsure of which platform to pick? While Shopify and eBay are both popular ecommerce platforms, this is where the similarity ends. They are, in fact, very different, and they offer different experiences to both buyers and sellers. So, what do these experiences look like and how should you go about picking one? In this article, we’ll find out. In this Shopify vs. eBay guide:

How to Cancel, Close or Pause Your Shopify Store [Guide]

In business, things don’t always go according to plan. Sales can plummet unexpectedly, life circumstances change, maybe you’re interested in trying a different ecommerce platform or need to take a short break for a family vacation. Whatever your reason for wanting to close or cancel your Shopify store, this step-by-step guide will walk you through the process. If you only want to temporarily shut your doors to the public, this guide will also outline how to pause your store until you’re ready to open again.

Amazon Pay Guide: Everything You Need To Know

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?

15 Actionable Shopify Tips To Grow Your Store in 2021

At their Reunite 2020 event, Shopify announced some pretty cool updates for 2021. As one of the leading ecommerce tools, Shopify is constantly evolving and expanding its software, adding new apps and integrations to help its merchants thrive. And with over 600,000 sellers on the platform, if you’re one of them, you’ll want to know as many Shopify tips and tricks as early as possible to come out ahead. So if your Shopify seeds are planted and you’re ready to show them some TLC, this guide is for you.

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

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.

eBay Promoted Listings: Is It Worth The Investment? [Guide]

eBay’s promoted listings enable sellers to advertise inside the eBay platform. It’s a simple way to boost exposure for your items, and eBay shows these ads to more active buyers. In their words, by using their promoted listings, you’ll “market to who matters, when it matters”. Of course, there’s a price tag attached. As a seller, you’ll need to weigh up the benefits of this additional exposure against the cost of advertising on eBay.

How To Sell On eBay For Beginners [The Definitive Guide]

This year, eBay will be 26 years old. A lot has happened in 26 years. With technological advances taking trillions of dollars off the streets and into the digital space, ecommerce has exploded. And going into 2021 with the COVID-19 pandemic keeping us indoors, the ability to buy online has never been more essential. With a wealth of tools now available to beginners, it’s difficult to know where to start and how to get the best out of the eBay platform.

How to Sell Used Books Amazon FBA

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

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

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: Table of Contents Why Does Correct Packaging for Amazon FBA Matter? Amazon FBA Packaging Requirements General packaging requirements  Approved packaging materials Amazon FBA general labeling requirements FBA items sold as sets FBA items sold as boxed units  FBA case-packed products Requirements for poly bags Expiration dates Specialized items Ready, Set, Ship!

How To Sell On Shopify in 2021 [The Ultimate Guide]

Shopify was started in 2004. Canadians Tobias Lütke and Scott Lake wanted to sell snowboarding equipment, but found the existing tools for ecommerce sellers too restrictive. So, they built their own. By 2007, the company was bringing in around $8,000/month. Now, monthly revenue is closer to $20million. As an industry leader, Shopify is constantly evolving to give customers the best experience, exceed their expectations and help sellers push boundaries. With access to the latest technology for AR and 3D shopping experiences through payment gateway options, chatbot add-ons and personalization tools, learning how to sell on Shopify in 2021 is rife with possibilities.

Amazon Income Tax Guide: What You Need to Know

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. For this reason, Amazon sellers could be liable to pay tax on their Amazon income.

How To Save Time With eBay Automation [Sellers Guide]

Time is money, and when you’re a one-(wo)man band running your own eBay store, you need to take control over both as early in the game as possible. This is where eBay automation comes in. Humans are typically not good at lots of complicated, repetitive tasks - but software is designed for it. Best of all, it’s designed to handle these tasks at high volumes, scaling with you on your journey.

34 eBay Tips To Help You Sell More Products [Guide]

The internet is full of helpful eBay tips for sellers, so in this guide, we bring the best of them together in one place. Our eBay selling tips range from general dos and don’ts, to the nitty gritty details for the most ambitious, dedicated seller. Here’s what we’ll cover, at a glance: Beginner tips for eBay seller success: Areas to focus on at the start Automation and accounting for beginners eBay seller tips and tricks to sell more: Store tips Listing and fees tips Description and pricing tips Fulfilment and supplier tips SEO tips Tips on what not to do on eBay Selling on eBay: Tips for Beginners If you are new to selling on eBay, use our tips below but focus on the following areas first.

Best Things To Sell On eBay In 2021

Any Tom, Dick or Sally can sell almost anything on eBay. With 1.3 billion listings on the platform alone, competition is fierce, and knowing the best things to sell on eBay to make money has become an art in itself. To be a successful eBay seller in 2021, you should have a handle on where eBay has been, where it’s going, and how this translates to buyer behavior. Armed with this knowledge, you can make informed decisions about how you will stand out from the significant crowd this year, and reach your selling goals.

eBay Shipping Fees: Everything You Need To Know [Guide]

Successful ecommerce businesses rely on efficient shipping processes. Without them, selling online is neither sustainable nor scalable. With many online retailers offering same-day or even 2-hour delivery options, consumers now expect their purchases to arrive quicker than ever. Being smart about your shipping is crucial to striking the right balance between good customer experience and realistic fulfilment on your end. The question is, can you both afford and manage the options you are offering?

eBay Global Shipping Program: Everything You Need To Know

The eBay Global Shipping Program makes selling overseas a breeze. By taking care of packages on the behalf of sellers and sending them across the world, eBay opens up its entire global marketplace for trade. What’s in it for sellers? Millions more customers without the hassle of customs and imports paperwork. And for buyers? Access to more products with transparent shipping fees and processes. So, how does it work exactly?

How To Open An eBay Store [Step-By-Step Guide]

Opening an eBay store is an excellent portal into the world of ecommerce. As one of the simplest, no-fuss selling platforms available, eBay is full of possibilities, and open to anyone. eBay has been around for a good while - since 1995, to be precise - and has positioned itself as a ‘selling partner’ in the ecommerce space. The platform is designed for sellers, whether you’re selling unwanted items, or scaling a full-time ecommerce business.

The Ultimate Guide To Amazon Sales Tax [Full Resource]

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.

eBay Business Plan Template [Highly Actionable]

There are over 25 million sellers on eBay. No matter what you sell, with competition like that, you need to have a plan. Fortunately, with around 182 million users, there’s plenty of opportunity to grow and thrive. The purpose of an eBay business plan is to articulate your idea and figure out how to make it feasible. To do this, you will need to explore the different aspects of your business which define what it is and how it will operate.

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

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.

eBay SEO Guide: Tips, Tools & Strategies for Success

As an eBay seller, you’ve got some competition. With 182 million users and over a billion listings, you need to leverage every free tool at your disposal in the quest for that lucrative, competitive edge. Search Engine Optimization (SEO) isn’t just for Google. A free driver of organic traffic, eBay SEO just might be your new marketing best friend - it’s certainly not one to ignore. So, how does SEO for eBay work, exactly?

What We Learned Analysing 1000 Shopify Payment Gateways

Shopify offers payment gateway options for over 100 providers across the world. Why? So that you can provide your customers with the options most likely to suit them. A2X supports thousands of Shopify sellers with their accounting. No matter the payment gateway used, A2X interprets bank deposits and ensures that sellers have all the information they need to be able to manage their finances properly. With access to this kind of data, we can help sellers determine which gateways are proving most popular among our subscribers.

How to Sell on Walmart Marketplace in 2021: The Definitive Guide

Walmart exists to make life easier for consumers. This is clear in everything from their branding to the layout of their physical stores - it’s a one-stop-shop; it’s the most affordable stuff all in one place; it’s trusted, recognizable brands that consumers know and can depend on. Walmart’s fast growing online marketplace is an opportunity for business owners and entrepreneurs to get all the benefits of having their products in a department store, with the convenience and increased reach of ecommerce.

Business Intelligence and Summary Accounting: Part 2 [Interview]

Interview series with Conrad Rohleder: Part Two Traditionally, you’d wait till the end of the month to review your business’ progress and outcomes. This can leave you chasing your tail. To keep on top of the day to day, you need a way to track your business in real-time. Understanding the differences between business intelligence and accounting is one way to achieve this. In the second part of this series with Conrad Rohleder, we discuss: The difference between summary accounting and business intelligence.

The Velocity of Ecommerce and Insight: Part 3 [Interview]

Interview series with Conrad Rohleder: Part Three Everyday efficiency and clarity surrounding your business outcomes is optimised when you can integrate and review data effectively. However, not all programs are created equal when it comes to integration. Often businesses become pigeon-holed or bogged down using multiple programs that do not communicate properly. This can inhibit the growth and success of your ecommerce business. The solution? Learning to leverage business intelligence in ecommerce.

A2X Setup & Mapping: A Real-World Accountants Guide from Catching Clouds

Catching Clouds is A2X’s first guest blogger, and we are proud to be a part of the growth journey of the A2X ecommerce accounting innovation. As an accounting firm specializing in ecommerce accounting, we have dozens of clients using A2X’s services and use it for all of our Amazon clients, and love it. Since we are avid A2X app users, here are some pointers on the process we use for setting up and mapping the exhaustive list of Amazon fees to Xero’s chart of accounts.

The Best eBay Accounting Software for Online Sellers [Guide]

Accounting and taxes are often two of the biggest hurdles for ecommerce sellers. This is especially true for small businesses or those just starting out. Accounting for eBay sellers may be particularly complex, due to the fact that eBay operates 26 international sites which sellers can leverage, spreading their reach to customers across the globe. Understanding your cash flow, inventory and tax obligations at all times is critical, not only to your success and growth as an ecommerce business, but to your survival.

How-To Guide: Easily Integrate Walmart Seller Center With Quickbooks

Accounting is a time-consuming necessity for all ecommerce sellers - large and small! Automating your accounts is a great way to eliminate the need for (potentially erroneous) manual data entry. Transactions are sent automatically as soon as orders complete, tallying up in your accounting software ready for you to reconcile. When it comes to accounting for ecommerce sellers, there are still some crucial parts missing in this tech stack. As a seller, you need certain information in order to survive and thrive, which A2X can help with.

Scaling Your Walmart Seller Business: Walmart Marketplace Knowledge Base

As a business owner in the ecommerce sector, you’ll be well aware of the benefits of online market platforms. Rather than deal with the expense and the time-consuming process of building your own ecommerce platform, it makes sense to leverage ones that are already thriving. You might already be an aficionado on Amazon and Shopify, so perhaps it’s time to diversify and join the Walmart Marketplace. Or maybe you’re just starting out as an online entrepreneur, and want to plan ahead.

eBay Income Tax Guide [the Definitive Resource]

For online sellers, eBay is a little different from other ecommerce platforms. You could use eBay to get rid of old stuff around the house here and there, like a garage sale. Or, you could use it to run a multi-million dollar, profitable business. With such scope for revenue, eBay sellers may be confused as to where they land on the tax eligibility scale. Do they need to pay, and if so, how much and to whom?

eBay Sales Tax: Everything You Need to Know [Guide]

Ah, sales tax. The ultimate Pandora’s box has come for ecommerce sellers. In 2019, US online retail sales of physical goods reached an astronomical $343 billion. By 2024, they are forecast to reach $476 billion. Physical presence in a state used to be a parameter for tax, but times have changed. With billions of dollars floating in the digital space, governments everywhere, not just in the US, have needed to change tack.

eBay Managed Payments: Everything You Need to Know

Since its inception in 1995 (just one year after Amazon), eBay has capitalized on the obsession we have for both online shopping and selling. But for those who run a business buying and selling items on eBay, reconciling accounts can get messy at the best of times. For eBay, all payments and purchases were previously routed via Paypal, a subsidiary of eBay. Reconciling all transactions across the two platforms was time-consuming, causing inaccuracies, challenges with dispute resolutions, and delays in funds.

Understanding Amazon FBA Seller Fees

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. Table of Contents What is FBA? Why You Should Consider FBA How Does Amazon FBA Work?

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. 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:

A Complete List of Walmart Product Categories

A Complete List Of Walmart Product Categories With no set-up or ongoing membership fees, a wide customer base and less competition than many other online platforms, Walmart Marketplace has emerged as a major opportunity for ecommerce sellers. It is important as a seller on Walmart Marketplace that you categorize your items correctly. This not only determines customer experience and visibility, but it directly affects the fees that you will need to pay the platform.

Walmart Advertising Strategy Guide: How To Harness The Power Of Performance Ads

“Retail e-commerce sales projected to pass 4 trillion (14.6% of total retail sales) by 2020.” - Interana Competition is rife in ecommerce, and that’s only set to increase. Whilst studies say that the number of us blocking ads has gone up, that doesn’t mean we should give up on advertising altogether. This is why performance-based advertising is so popular - you only pay for desired actions once you’ve received them.

Walmart Sales Tax - How To Do It The Right Way

Sales tax is one of the greatest challenges for ecommerce sellers in the US. Why? Because compliance requirements differ across the states, and the consequences of getting it wrong can be quite significant. In 2018, the South Dakota vs. Wayfair Inc. ruling changed the tax landscape for remote sellers for good. With this decision came a wave of state-specific rules and definitions of tax nexus, leaving many sellers - small and large - confused about their obligations.

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?

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.

Shopify vs WooCommerce: Picking a Winner

Choosing the right e-commerce platform for your business At some point, every new e-commerce entrepreneur will ask the same question: which platform should I use to build my store? Both WooCommerce and Shopify have multiple strengths (and weaknesses) and could be the perfect solution for building your online business. Whichever one you choose, you’ll certainly be able to build a powerful and functioning e-commerce store. But here’s the thing – it’s not about which one is the best, but rather which one is right for you.

How to get reconciled Shopify POS accounting

As a busy retail shop owner, your time is spread across a wide range of activities every week. Whether it’s looking after customers, managing staff or setting up your systems for success, the last thing you want to do is create unnecessary work. And while simplicity is a virtue in any business, the retail landscape has grown much more complex thanks to the prominence of the internet. Customers expect us to be present on social media, have an online store, and provide a range of shopping options to suit their preferences.

The Authentic Buyer’s Guide to Shopify Automation

Shopify is one of the biggest names in ecommerce, so big that it’s hard to remember a time when the platform didn’t exist. Over the past 15 years, Shopify has well and truly carved its name into the web application hall of fame, offering traditional retailers and entrepreneurs alike the freedom and wealth of ecommerce. With a myriad of different ecommerce platforms available to today’s keen entrepreneurs, there are many reasons why Shopify’s star shines so bright.

How-To Guide: Fulfil Orders On Shopify

Congratulations! If you’re here, it’s probably because you have most of the building blocks in place for your Shopify store. You’ve chosen an in-demand product, you’ve set up your Shopify account and listed your products for sale. Now, you want to understand fulfilment options. This guide will give you an overview of fulfilment so that you can choose the best option to suit your business. It covers: Fulfilment methods.

The Authentic Buyer’s Guide to Amazon Automation

See our updated guide for Amazon automation in 2021 here. 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.

Shopify Fulfilment Network Guide: What you need to know and how you can leverage this to expand your business

On June 19th, 2019, Shopify announced their largest development to date - the Shopify Fulfilment Network (SFN). Through combining sophisticated machine learning systems with a geographically dispersed network of warehousing facilities, Shopify aims to make it easier for online sellers to successfully grow their brands. “Shopify is known for having simplified the online shopping experience, and we are now taking this one step further — making the fulfillment systems and technology that used to be reserved for the largest companies in the world accessible and affordable to every merchant, even those just starting to take off.

How-To Guide: Collecting Amazon Sales Tax

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. Some have both. In Canada, you pay a federal-level tax called GST, then depending on where the sale was made, you’ll also pay varying levels of local tax.

How-To Guide: Collecting Shopify Sales Tax

Sales tax is a fact of life for all ecommerce sellers. If you’re not currently collecting it, you’re probably not meeting your tax obligations. Every product sold in the US and Canada (whether you’re a local or not), will likely be liable for sales tax. The real question is not whether you should be paying, but how much. And this is where things get tricky. Excluding the N.O.M.A.D. states, every US state has a tax rate, and some additional jurisdictions with their own applicable rates too.

The 11 Best Shopify Apps for Dropshipping Stores

Have you always wanted to start your own dropshipping business? Perhaps you’re already an online entrepreneur looking for ways to better manage your dropshipping processes. There’s no shortage of apps for Shopify sellers, but there’s a handful that stands out from the crowd for dropshipping, specifically. When you are looking for the best for your business, consider the following: Does the app let you choose your products and instantly sync your selection to your Shopify store?

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.

The Amazon FBA Secret Recipe for Success in 2021

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 Definitive Guide to Amazon 1099K Reports for Amazon Sellers

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.

Understanding the Cost of Goods Sold for Amazon

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.