Guide

Getting started with Shopify accounting (the basics)

Most people don’t start a Shopify store to spend hours dissecting financial data, but it doesn’t take long for this to happen. Even if you have accounting experience, e-commerce comes with certain nuances that make the job more complex. Although Shopify offers one of the easiest ways to open and manage an online store, lots of business owners struggle to keep on top of their books. With Shopify, this is mostly due to a clunky flow of financial data.

What is ecommerce accounting?

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

Understanding Ecommerce Sales Tax

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

Getting started with Amazon accounting

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

How to grow your Amazon seller client base

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

Common Amazon accounting mistakes

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

Shopify accounting guide

Estimated reading time: 10 minutes. You’ve finally decided it’s time to open an ecommerce store, and you’ve chosen Shopify as your sales platform. Great job – you’ve made the first step! It’s more than likely you now find yourself smack bang in the middle of a whirlwind of activity: Developing product/s, building a business plan, devising a marketing strategy – all incredibly important parts of starting and running your own business.

Amazon VAT guide (UK & Europe)

Estimated reading time: 51 minutes. So you’re an Amazon seller interested in VAT? Perhaps you’re in the US wanting to do business in Europe, or you’re in Europe and keen to understand your Amazon tax obligations. Either way, this guide will break it down for you. Whilst there are similarities between VAT, sales tax and GST, the former is a little unique. The EU member states have some parameters they must keep to, and some they don’t.

Profit First for Ecommerce Sellers

Estimated reading time: 7 minutes. 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.

eBay accounting software guide

Estimated reading time: 12 minutes 30 seconds. 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 integrate Shopify with Xero

Estimated reading time: 11 minutes. 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.

Amazon sales tax guide

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

eBay tax FAQs

Estimated reading time: 22 minutes 30 seconds. Find all the answers you need to your burning eBay tax questions in this guide, along with additional resources available. We have divided these questions into General Queries, eBay Sales Tax Queries, eBay VAT Queries, eBay Income Tax Queries and Accountants and Other Tax Resources: General Queries 1.1 What is the key information about tax that eBay sellers need to know?

Developing your ecommerce tech stack

Estimated reading time: 5 minutes 30 seconds. Last updated December 2020. This post is 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 is different. The revenue is different. How daily work gets done might be similar, but the systems that help are usually very different.

How to integrate Shopify with Quickbooks

Estimated reading time: 11 minutes 30 seconds. 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.

Amazon income tax guide (United States)

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

eBay VAT guide

Estimated reading time: 17 minutes. 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.

Where to find an ecommerce accountant

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

eBay income tax guide

Estimated reading time: 8 minutes 30 seconds. For online sellers, eBay is a little different to 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.

Finding an Amazon accountant

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

eBay sales tax guide

Estimated reading time: 19 minutes 30 seconds. 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.

How to integrate eBay with Xero

Estimated reading time: 5 minutes. 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.

How to integrate eBay with Quickbooks

Estimated reading time: 6 minutes. 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.

What Are The Best Products To Sell On FBA?

Estimated reading time: 6 minutes 30 seconds. 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?

Quickbooks Amazon Integration Guide [How To Set It Up]

Estimated reading time: 12 minutes, 30 seconds. 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]

Estimated reading time: 8 minutes. 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).

Amazon Automation Guide: How To Simplify Your Business

Estimated reading time: 10 minutes 30 seconds. 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

Estimated reading time: 10 minutes. 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.

How To Integrate Etsy and Sage Business Cloud Accounting

Estimated reading time: 9 minutes, 30 seconds. 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]

Estimated reading time: 15 minutes. 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]

Estimated reading time: 7 minutes. 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]

Estimated reading time: 11 minutes, 30 seconds. 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

Estimated reading time: 8 minutes. 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.

The Ultimate Shopify Sales Tax Guide [Full Resource]

Estimated reading time: 13 minutes 30 seconds. 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.

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

Estimated reading time: 5 minutes. 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.

eBay Growth Guide: How To Increase eBay Sales

Estimated reading time: 11 minutes. 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]

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

The Best Amazon Fee Calculators Of 2021

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

What Is The Best Amazon Accounting Software For Sellers?

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

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

Estimated reading time: 12 minutes. 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.

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

Estimated reading time: 9 minutes 30 seconds. 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 Taxes: A Beginners Guide To Doing It Right

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

Amazon Pay Guide: Everything You Need To Know

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

15 Actionable Shopify Tips To Grow Your Store in 2021

Estimated reading time: 17 minutes. 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.

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

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

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

Estimated reading time: 10 minutes 30 seconds. 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]

Estimated reading time: 22 minutes 30 seconds. 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

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

Amazon Tax Canada: What You Need To Know

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

How To Pack Your Products for Amazon FBA

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

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

Estimated reading time: 13 minutes. 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.

How To Save Time With eBay Automation [Sellers Guide]

Estimated reading time: 13 minutes, 30 seconds. 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]

Estimated reading time: 20 minutes 30 seconds. 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

Estimated reading time: 12 minutes 30 seconds. 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.

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

Estimated reading time: 12 minutes 30 seconds. 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

Estimated reading time: 12 minutes 30 seconds. 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.

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

Estimated reading time: 6 minutes 30 seconds. 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.

eBay Business Plan Template [Highly Actionable]

Estimated reading time: 6 minutes 30 seconds. 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]

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

eBay SEO Guide: Tips, Tools & Strategies for Success

Estimated reading time: 15 minutes. 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.

What We Learned Analysing 1000 Shopify Payment Gateways

Estimated reading time: 7 minutes. 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.

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

Estimated reading time: 13 minutes, 30 seconds. 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

Estimated reading time: 7 minutes. 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.

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

Estimated reading time: 4 minutes 30 seconds. 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.

Scaling Your Walmart Seller Business: Walmart Marketplace Knowledge Base

Estimated reading time: 8 minutes 30 seconds. 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 .

eBay Managed Payments: Everything You Need to Know

Estimated reading time: 8 minutes. 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

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

Grow Your Business with a Successful Data-Driven Strategy

Sellers Funding Data Insights is a Game Changer for Amazon Sellers Guest post by SellersFunding . Updated October 2020. Estimated reading time: 3 minutes. It’s no secret that big data is rapidly changing the way companies do business and helping them make more informed decisions. This is why it is vital to have a robust data-driven strategy for your Amazon Sellers business, to stay competitive in today’s evolving marketplace.

A Complete List of Walmart Product Categories

A Complete List Of Walmart Product Categories Estimated reading time: 10 minutes. 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

Estimated reading time: 13 minutes. “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

Estimated reading time: 7 minutes. 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.

The Ultimate Guide to Shopify Accounting with A2X

Estimated reading time: 8 minutes. Like all good things, building and running a Shopify store takes time and effort. The process can feel overwhelming and you might even ask yourself whether it’s all worth it. If you’re reading this, and you’re a Shopify seller struggling to stay on top of your accounting, you’ve come to the right place. Think of your business as a human body, with accounting one of its vital organs essential to both your day-to-day operations and long-term business goals.

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

Estimated reading time: 12 minutes. 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

Estimated reading time: 7 minutes 30 seconds. 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.

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.

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

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

How-To Guide: Collecting Shopify Sales Tax

Estimated reading time: 7 minutes. 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.

The 11 Best Shopify Apps for Dropshipping Stores

Estimated reading time: 13 minutes. 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

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

The Definitive Guide to Amazon 1099K Reports for Amazon Sellers

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

Understanding the Cost of Goods Sold for Amazon

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