A2X and Shopify Markets Pro Integration for (More) Automated Accounting

Exciting news: A2X now captures all transaction details for Shopify Markets Pro orders, further enhancing our integration capabilities with Shopify. 

Previously, merchants had to use a clearing account with A2X or manually enter the Shopify fees into their accounting software to capture Markets Pro transactions.

As of December 1, 2023, you can now match your A2X Markets Pro invoice or journal to the bank deposit for instant reconciliation. A2X will capture all transaction types from Markets Pro, including all commissions, shipping label fees, and import duties fees that previously needed to be manually entered into your accounting software.

What is Shopify Markets Pro?

Shopify has consistently introduced initiatives to facilitate merchants’ access to global markets. Shopify Markets Pro, powered by Global-e, focuses on easing entry into international markets for vendors. It addresses challenges related to customs, duties, sales tax registration, and more, by managing these aspects on behalf of the vendor.

Shopify Markets Pro serves as a bridge for vendors looking to explore markets beyond their domestic territory. It alleviates the burden of navigating the regulatory and logistical complexities of international sales. 

This service ensures that after accounting for various deductions, such as duties and taxes managed by Global-e, the net sales amount is deposited into the vendor’s account, facilitating a smoother process for selling internationally.

How A2X integrates with Shopify Markets Pro

The financial intricacies of managing international sales can be overwhelming, with multiple fees and charges affecting the final payout. A2X has addressed this challenge by automating the recognition and matching of Markets Pro payments to the corresponding bank deposits. This aims to streamline the accounting process for merchants using Shopify Markets Pro, reducing the administrative overhead associated with these transactions.

Integration highlights

• Automated financial processing: A2X automates the identification and processing of Markets Pro payouts, similar to its handling of Shopify Payments, aiming to simplify the accounting workflow.
• Clarification on fees and charges: The integration helps merchants understand the various additional fees associated with Markets Pro transactions, including third-party commissions, shipping costs, and import taxes, providing a clearer financial picture.
• Handling of unsettled transactions: Recognizing the delay in payment settlements for Markets Pro orders, A2X introduces a mechanism to account for these transactions as pending, ensuring accurate financial reporting.

Read this support article to find out more about how A2X supports sellers using Shopify Markets Pro. 

The A2X and Shopify Markets Pro integration is designed to ease the challenges of global ecommerce for merchants. By automating and simplifying the financial reconciliation process, this collaboration seeks to remove some of the barriers to international market entry, allowing merchants to focus on expanding their business reach rather than being bogged down by administrative complexities. 

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