Amazon
Accurate Financials for Ecommerce Mastery
Accurate Financials for Ecommerce Mastery Greg used A2X to fix previous errors to ensure accuracy moving forward. When new business owner, Greg Pfundstein took over online sunglasses retailer, Dubranchet in 2019, he thought it would be easy to integrate his sales channel, Shopify, with his accounting software, Xero. Greg learned that hard way that it is not as easy as it looks and quickly ended up with a mess on his hands.
How A2X Has Given Central 23 More Time For Fun
How A2X Has Given Central 23 More Time For Fun Even if you have zero background in accounting, A2X is uncomplicated and designed to grow with you and your business. Entertainment company Central 23, was founded in 2016 by entrepreneurs and now co-CEOs Luke Shelley and Marcus Ereira. What started as selling just a single greeting card design to lifestyle retail giant Urban Outfitters, has now expanded into an entire product range.
Ecommerce Accounting Guide for Business Owners [2024]
Updated on June 29, 2024.
Most sellers don’t start their online businesses with ecommerce accounting in mind, but understanding your numbers is essential to maintaining a profitable, healthy business.
The reality is that ecommerce accounting is tricky, with many added complexities when compared with accounting for a traditional brick-and-mortar retail business. So, even if you’re a capable bookkeeper, there’s plenty more to learn to have clean, precise books for an online store.
How to Find an Ecommerce Accountant
Wondering if you should hire an ecommerce accountant? Or, looking for a way to find the right one?
You’ve come to the right place!
In this article, we’ll walk you through:
Signs it’s time to work with an accountant at your ecommerce business Why working with a specialized ecommerce accountant is important What to look for and what to ask when evaluating an ecommerce accountant Whether or not it’s important to find an ecommerce accountant near you How to find an expert ecommerce accountant How to ensure your investment in an ecommerce accountant is worthwhile …and more!
The Ultimate New Bookkeeping Client Onboarding Checklist
Getting new clients is always a moment to celebrate, but for many practices, the effort stops once the sale is made. Sadly, it’s too common for the onboarding process to be a last-minute thought.
Real experts know that a comprehensive and professional onboarding will provide a strong foundation and set everyone up for a successful working relationship. Better yet, it can be fantastic for brand building and an opportunity to gain feedback that could improve your practice.
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.
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.
There are nearly 2 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.
Traditional Bookkeeping vs. Ecommerce Bookkeeping
Updated on July 29, 2024.
In the world of business, bookkeeping is an essential function that ensures financial health and stability.
Bookkeeping has long been the backbone of traditional brick-and-mortar businesses, helping to track income, expenses, and overall financial performance. With the rise of ecommerce and online stores, bookkeeping is just as essential – however, it comes along with unique challenges and considerations.
In this blog post, we’ll explore the key differences between traditional and ecommerce bookkeeping and why ecommerce requires a specialized approach.
How A2X Can Help Your Ecommerce Clients
Helping ecommerce clients today reach their full potential involves a lot of the right technology.
Smart automation combined with your skills and expertise is the name of the game now, and in this post, we’ll be exploring how our accounting partners have used A2X to streamline their clients’ ecommerce accounting.
Alongside their talent and hard work, some of our accounting partners have credited A2X with their success, scalability, and even their business models.
Sales Tax Strategies for Ecommerce Sellers
This article is based on a guest post from our good friends at MuseMinded.
For ecommerce sellers, sales tax compliance can be overwhelming.
Even if you are a US-based seller just trading domestically, the differences in requirements across the country are dizzying at times.
Tax laws surrounding ecommerce sellers are still relatively new - like the industry itself. The wrinkles have yet to be ironed out, and so sellers today (and their accountants) are amongst the first to find their feet in a complex, evolving system.
Amazon Seller Fees: Everything You Need To Know [Guide]
Updated on April 8, 2024.
Seller fees are a significant cost of doing business when running an Amazon storefront.
Understanding and properly accounting for applicable Amazon fees will help you to get a clear picture of all associated business costs, which will allow you to price your products properly and help you avoid diminished profits.
In this guide (reviewed by A2X’s expert Customer Success team, who work with Amazon sellers every day), we’ll cover some frequently asked questions and important information about Amazon seller fees so you can forecast, manage, and maybe even reduce them over time.
Options for Filing & Automating Sales Tax Returns
This article is based on a guest post from our good friends at MuseMinded.
The blog is the final in our ecommerce sales tax series, as part of the A2X ecommerce accounting hub.
If you’ve been with us from the beginning, you’ll have covered an overview of what sales tax is, why and how it affects ecommerce sellers today, and strategies to deal with sales tax compliance. Next up, we discuss your options for filing.
Amazon Seller Fees & Transactions: A Comprehensive List
Updated on August 6, 2024
Amazon sellers might be aware that Amazon settlements aren’t made up of just sales – they’re actually a combination of sales, fees, and other transactions.
Understanding the Amazon seller fees you can expect to pay on Seller Central is crucial to your bottom line. You don’t want to be paying more in fees than you’re making in profit!
It’s equally as important to understand all of the other transactions that make up your settlement so that you can account for them correctly, ensure you’re compliant with applicable taxes, and achieve accurate financial reporting (which can help you get a loan or investment and enable you to get better business insights).
Amazon Taxes: A Beginner's Guide
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.
How To Find An Amazon Accountant or Bookkeeper [2024 Guide]
Updated on October 24, 2024.
When you’re running an Amazon store, accurate accounting is a must.
The best way to achieve accurate Amazon accounting?
Use great accounting software for Amazon and get support from a specialist Amazon accountant.
In this article, we’ll walk you through:
Common misconceptions about Amazon accounting Signs it’s time to work with an accountant at your Amazon business Why working with a specialized Amazon accountant is important How to find an Amazon accountant using the A2X Partner Directory …and more!
Introducing A2X's Amazon Summary Report | Available in Beta
The Amazon Summary Report on A2X is now available in Beta!
This new report is our latest innovation designed to make Amazon bookkeeping and reconciliations even more accurate. It allows you to easily compare your Amazon data with A2X, identifies discrepancies, and gives you absolute confidence your numbers tie back. It’s the best thing to happen to Amazon accounting… well, since A2X. Watch the webinar recording below to get more details about the Amazon Summary Report.
A2X’s Fool-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 2023 is still worth it, there is plenty of money to be made if you go about it the right way.
With that in mind, there is no secret recipe, no guaranteed fast-track to the top of the Amazon golden hill of success.
Amazon Seller Bookkeeping in Xero: Step-by-Step Guide
No matter if you’re stepping into the world of Amazon entrepreneurship or already well on your way to building a successful business, you’ll have to wrestle with the complexities of managing your Amazon seller bookkeeping and accounting. Far from solely being a way to keep your store compliant, maintaining reliable financials actually equips your business with the knowledge necessary to guide you through good strategic decisions.
Think of your Amazon accounting system as a symphony orchestra.
[Webinar] Avoid These 3 Ecommerce Accounting Mistakes
With every transaction made and every dollar earned, keeping a precise record is imperative for accounting and tax purposes. This holds true whether you’re an experienced ecommerce merchant or a novice starting your journey. Unfortunately, it’s all too easy to stumble into expensive accounting blunders.
In this insightful webinar, A2X’s product marketing manager, Amy Crooymans, and OFX’s Oliver Budniak unravel the complex world of ecommerce accounting. Read on to hear Amy highlight how to sidestep some of the most frequent errors made by ecommerce businesses in their accounting practices.
Amazon QuickBooks Online Integration: How to Set it Up
Integrating Amazon Seller Central with QuickBooks Online is a great way to spend less time on bookkeeping while getting more accurate financials.
If you’re an Amazon seller (or an accountant or bookkeeper who works with Amazon sellers), then you’ll understand that Amazon bookkeeping can be complex. Amazon settlements are made up of sales, fees, refunds, and other fees and transactions that must be coded to the correct account and reconciled in QuickBooks.
[Webinar] How to Avoid Costly Ecommerce Accounting Pitfalls with A2X
If you have money coming in and money going out, you need to keep track of it for accounting and tax purposes. Whether you are a seasoned ecommerce seller or are just learning how to sell on Amazon, it’s easy to make costly accounting mistakes.
In this webinar, A2X product marketing manager Amy Crooymans discusses how to navigate ecommerce accounting and avoid some of the common mistakes ecommerce companies make with their accounting.
Meet A2X's New Product Homepage & Simplified Setup Experience
A2X is renowned for being the most robust and accurate ecommerce accounting solution, and that will always be at the core of everything we do. But that doesn’t mean it shouldn’t be easy to set up and use.
A common theme in both customer feedback and product UX reviews was that getting set up on A2X could be a little daunting. First impressions are so important, and we care about our customers having the best first experience with A2X.
Xero Amazon Integration: A Comprehensive Step-by-Step Guide
Integrating Amazon Seller Central with Xero is a great way to get Amazon bookkeeping done quickly, easily, and accurately.
Whether you’re an Amazon seller, or an accountant or bookkeeper who works with Amazon sellers, you’ll likely be very familiar with the complexity that comes along with Amazon bookkeeping. Coding Amazon fees, refunds, sales, and other transactions to Xero can be confusing and time-consuming.
Fortunately, integrating Amazon with Xero can automate most of the bookkeeping process and make reconciliation much easier.
Why Ecommerce Business Owners Need to Work with an Accounting and Bookkeeping Expert
This article is a guest post from our friends at Ecombalance, a monthly bookkeeping service and A2X Gold Partner.
Starting, running, and scaling an ecommerce business can be a difficult and complicated process, especially when it comes to your ecommerce bookkeeping and accounting. In addition to managing your inventory, shipping, customer service and more, you also need to keep up with the financial side of your business. This means staying on top of taxes, filing accurate financial statements, understanding business deductions, tracking expenses and more.
How To Sell On Multiple Channels
Have you ever stood in a store, about to buy a product, and then quickly checked online to see if it’s cheaper?
Yeah, you’re far from alone.
We live decidedly multichannel lives these days. As customers, we have choice.
It might be shopping through ecommerce sites, brick-and-mortar stores, social media, or market stalls. And we expect our favorite brands and products to be there waiting for us across a variety of mediums.
Social Media for Ecommerce Businesses Today
“Pushing a company agenda on social media is like throwing water balloons at a porcupine.”
Erik Qualman, author and motivational speaker. It’s no secret that social media is a powerful tool for businesses.
But its power lies in engaging with the right audience in the right way, which is not an easy thing to nail. Particularly when audience interests, needs, and expectations change.
Simply posting an ad or a product is not enough.
How To Sell On Amazon [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.
What Are the Best Products to Sell on FBA? [2023 Guide]
Two billion.
That’s how many visitors Amazon.com recorded in February 2022.
And they’re not just window shopping, either.
According to a Feedvisor survey, 89% of buyers agree that they are more likely to purchase from Amazon than other ecommerce sites.
It’s easy to see why so many sellers set up shop there. But how do they know best products to sell on Amazon FBA?
Find out with this guide.
Making Tax Digital for Ecommerce With A2X
You’ve probably heard a lot about Making Tax Digital (MTD) as an ecommerce business. Whether you’ve already adapted your accounting or are in the process of doing so, the great news is that A2X can support you on your MTD journey—especially if you’re selling on Amazon, Shopify, eBay, or Etsy. Although it previously only applied to businesses over the £85k VAT threshold, from 1 April 2022, the MTD law changed, meaning it now applies to all businesses.
The Ultimate VAT Guide for Amazon Sellers in UK and 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 over the last few years.
First as a result of Brexit, and most recently, the 2021 Ecommerce VAT Package, which shifted the goalposts in a few different ways.
In this guide, we’ll break down what you need to know about VAT, the current regulations, the options for those filing, and creating your own Amazon VAT strategy.
7 Times Accountants Turned Near Ecommerce Failures Into Success
If you’ve ever watched a scary movie, you’ve likely experienced that moment of smug disbelief when a character runs directly into danger against all better judgment. Yelling at the screen does nothing to deter them, and it’s no surprise when they meet their grisly end and become another cautionary tale.
While there aren’t too many crazed killers or nasty monsters in the world of ecommerce accounting, ask any accountant or bookkeeper, and you’ll discover plenty of horror stories.
Introducing Assisted Setup for New A2X Accounts
Ecommerce accounting can be complex, especially when compared to traditional brick and mortar retailers. From selling large volumes of products across multiple sales channels in different states, provinces, or countries to dealing with multiple tax requirements, there’s a lot you need to account for.
That’s why A2X (and our network of expert ecommerce accounting and bookkeeping partners) exists! To automate your ecommerce accounting, save you hours a month, while providing you with the most accurate financials.
How to Build Your Own Amazon Private Label [Guide]
This blog gives an overview of one Amazon business model: Private Label. For a more in-depth breakdown of all the different elements of selling on Amazon, download our free guide to selling on Amazon on 2022.
“Launching your very own branded product on Amazon is one of the most lucrative ways to sell products online.”
JungleScout. Running a prosperous ecommerce store is all about selling products that people want to buy.
How Accounting Automation Can Help You Scale Your Ecommerce Business
This is a guest post from our friends at QuietLight, a world-class ecommerce business broker. Chat to them about selling your ecommerce business.
For many ecommerce entrepreneurs, accounting is the worst part of running their businesses.
Done manually, it’s a complicated, time-intensive process.
It’s also not something you can simply leave for an accountant at tax time. It requires constant input and planning. It’s about more than just managing your finances.
How To Find And Manage Your Amazon Suppliers [Guide]
You can’t run an efficient Amazon business without reliable suppliers—ideally, suppliers that you can work with for years. But where do you find them? And are there any best practices when it comes to Amazon supplier relationship management?
In this guide to managing and finding Amazon FBA suppliers:
Table of Contents What To Do Before And During Your Amazon Supplier Search Set up and register your business Assess what you need first Do your research Look for quality Test for quality Negotiate terms Plan and forecast How To Find Suppliers for Amazon Alibaba and AliExpress Directories Networking Trade publications Industry associations and groups Trade shows and exhibitions Product packaging Google Get someone else to do it for you Tips For Managing Amazon Supplier Relationships Tips for building and maintaining excellent supplier relationships Learn More The best advice and insights for selling on Amazon this year There’s a lot to know when it comes to selling on Amazon.
Finding Your Niche: How To Perform Amazon FBA Product Research [Guide]
“Focusing on a niche market makes it easier for the right customers to say, ‘This is for me.’”
Shopify. Niches are how you stand out. And on Amazon, that’s paramount. There are millions of other sellers bidding for attention. With a good niche, you avoid being a tiny fish in a mammoth pond. But what is a “niche” exactly? How do you spot one, and where do you start when it comes to Amazon product research?
The Best Amazon Fee Calculators
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.
eBay vs Amazon Fees: How Do They Stack Up? [Guide]
Ecommerce sellers have a huge range of costs they need to keep up with - fees are just one of them.
But on goliath platforms like Amazon and eBay, fees can themselves take on a variety of forms, and it’s not always clear exactly what you’ve paid and why.
That is, if you aren’t well-versed in how they work, or using the best tech to track them (psst… like A2X!
Amazon Advertising For Sellers: Everything You Need To Know
“Many a small thing has been made large by the right kind of advertising.”
Mark Twain. Digital advertising is a necessity for any Amazon seller trying to grow their business.
It’s how you position your products before your target audience, discover what they’re looking for, and convert them into customers.
And to make things simple for its sellers, Amazon has created its own advertising platform.
In this guide, we’ll teach everything you need to know about Amazon Advertising - the basics, your options within the platform, getting started, and more.
How To Sell On Amazon UK [Complete Guide]
Almost 90% of UK shoppers use Amazon.
The platform has almost 300,000 sellers already.
In 2020, its revenue rose 51%, accounting for 5.5% of the country’s retail turnover.
There’s huge demand and significant supply, but Amazon both in the UK and abroad shows no signs of slowing down or decreasing in size.
Source: Statista.
You might be wondering whether selling on Amazon UK is worth it.
Well, it seems not only was Amazon dominating long before we’d ever heard of “COVID-19”, but that the pandemic may have added fuel to its momentous fire.
Amazon Prime for Amazon Sellers [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.
Amazon rewrote the rules on delivery and as a result, its shoppers have certain expectations.
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.
The Best Amazon Seller Tools To Grow Your Business In 2021 [List]
Selling on Amazon takes time, money, and effort. Like any business, you get out what you put in.
But if you want to grow your Amazon store and increase its annual turnover, you need to find ways to simplify and streamline your sales process.
So, what’s the solution?
Amazon automation tools are here to help.
So whether you’re looking for the next app to add to your business stack, or the ultimate Amazon FBA toolkit, you’re in the right place.
How To Grow Your Sales With Amazon Feedback Automation
Amazon is competitive.
It gains a new seller every minute, and with that kind of competition, you need to provide excellent service every time - and shout about it.
Positive reviews are a huge driving force for great performance on Amazon. Your Amazon feedback rating impacts how visible you are in search results, and whether people will try you out.
But it’s far from simple to build and maintain great feedback on Amazon.
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.
A Brief Guide to VAT Obligations for Amazon Merchants Selling in Europe
The VAT rules changed for ecommerce sellers in June/July 2021. If you’re an Amazon seller based in or selling into Europe, here’s what you need to know about VAT.
In this brief guide to your Amazon VAT obligations:
Table of Contents What is VAT? How Much is VAT and Who do I Pay? The 2021 Ecommerce VAT Package The Best Warehousing and Fulfilment Services Keep Track of Your Taxes with A2X Also on the blog Learn how to manage your Amazon accounting the right way Amazon accounting can be complex.
How To Create An Amazon Affiliate Store [Ultimate Guide]
If you’re interested in earning commission through Amazon affiliate links, then this guide is for you.
81% of brands now rely on affiliate marketing to promote their business.
And 40% of US merchants report that affiliate programs are their top customer acquisition channel.
So where better to begin (or continue) your affiliate marketing journey than with the ecommerce monolith that is Amazon.com.
But you have to be approved to do it, and there is more than one way to get paid to send people to Amazon.
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.
Amazon Handmade Fees: How Much Does It Cost To Sell?
Amazon gets around 200 million unique visitors every month.
Amazon Handmade gives crafty sellers and makers the chance to get their original products in front of this same audience, and it comes at a slightly different price.
This article will explain all you need to know about Amazon Handmade fees, other requirements for selling on Amazon Handmade, and how to simplify the fee process.
In this blog about Amazon Handmade fees:
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.
A Tour Of Amazon Seller Central
For Amazon sellers, Seller Central is mission control.
Everything you need to run your business is there in one centralized location, but some aspects have greater tools and resources available to help you than others.
That’s what we’re going to explore here.
In this blog, we’ll take you through the elements of your Amazon Seller Central account and how you can use them to your advantage. Plus, we’ll mention what you get with different subscription plans and where to go for more information.
How to Collect VAT Through Amazon UK Seller Central
This guide was correct at the time it was written. Please refer to the official tax authority webpages for the most up-to-date information, and your accountant for tailored advice.
A top priority for any established Amazon seller is charging and collecting sales tax.
Why? Because if you’re unable to meet your sales tax obligations, the responsibility and repercussions rest solely on your shoulders – not with Amazon.
Therefore, it’s imperative to know something about the sales tax applicable to your Amazon business – right from the start.
How A2X handles VAT in all European Amazon marketplaces
Anyone who runs an online store will know that the beauty of ecommerce is its capabilities are limitless.
It’s a fantastic way for retail stores of any type and size to reach a new community of customers – enabling you to expand your sales worldwide without the extensive costs of setting up a brick-and-mortar store.
Ecommerce has leveled the playing field, making it possible for small businesses to compete with corporate giants on an international stage.
Everything You Need To Know About Amazon's FBA Service
Today’s consumers are all about instant gratification, and that certainly translates to online shopping orders.
In fact, 80% of shoppers want a same-day delivery option, 56% of 18-34 year olds expect it, and around 61% are prepared to pay more for it.
Enter: Amazon FBA.
With a reputation for innovation and hitting the nail on the head when it comes to solving customer pain points in a timely (and perhaps even anticipatory) manner, Amazon delivers yet again.
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.
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 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.
Amazon Seller Central and Sage Integration: How to Set it Up
Integrating Amazon Seller Central with Sage is a great idea, especially if you want to spend less time on bookkeeping, and get more accurate numbers.
Any Amazon seller (or accountant/bookkeeper who works with Amazon sellers) will be all too familiar with the process of trying to reconcile an Amazon payout. You can see the lump sum settlement in your bank feed in Sage, but trying to reconcile it with the Amazon sales, fees, taxes, and other transactions can be a huge headache.
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.
What Are Amazon Referral Fees? [Guide + Full List]
Confused by Amazon fees? We don’t blame you.
Amazon has rather a few to get your head around - subscription and listing fees are only the beginning. But it’s crucial for your bottom line that you understand which apply to you and why.
In this article, we’ll be exploring referral fees, specifically: What they are, how much they are and how to stay on top of them.
In this guide on Amazon’s referral fees:
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.
How To Sell To Amazon Directly [Guide]
When most people think about doing business with Amazon, it’s in the format of using the platform to sell to customers. But this isn’t the only option.
You can sell to Amazon directly, as part of their vendor program.
Becoming an Amazon vendor takes away the customer service or brand management aspect of your business, replacing it with a focus on distribution and fulfilment. You are the backend, not the front.
eBay vs. Amazon: Where Should You Sell [Ultimate Guide]
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?
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?
Why A2X for Xero Is A Great OneSaas Alternative
There are thousands of ecommerce apps and integrations on the market today all trying to solve problems for sellers.
Whether it’s accounting, fulfilment, customer management, marketing or tax compliance, business owners are able to design a tech stack that perfectly services their unique needs and goals, and removes much of the requirement for human input. As much as a customized infrastructure is an incredible resource, having numerous separate apps poses a tricky challenge: How do you get them talking to each other?
How to Sell Used Books Amazon FBA
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!
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.
The Ultimate Guide To Amazon Sales Tax [Full Resource]
In 2022, the US is estimated to have spent over $875 billion on retail ecommerce sales. By the end of 2025, this figure is expected to surpass $1.33 trillion.
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.
Today, an ecommerce business might have no address or multiple.
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.
Accounting for Amazon Business Loans [How to]
Updated January 2021.
Merchants who sell through Amazon can now secure dedicated ecommerce loans, but what does this look like in the books?
In this article, we’ll explain eligibility, Amazon lending transactions, and how to record Amazon loan repayments.
Table of Contents Lending for Ecommerce: Amazon Loan or Bank Loan? Eligibility for Amazon Lending What are Amazon Lending transactions? How do Amazon Loan repayments work? Accounting for Amazon Lending How it works Accounting mistakes Asset and liability transactions A2X for Amazon Lending Also on the blog Learn how to manage your Amazon accounting the right way Amazon accounting can be complex.
The Best Amazon FBA Podcasts for Sellers in 2021
Updated January 2021.
As a valued friend of the multi-tasker, podcasts are a great tool for any ecommerce seller.
Whether you just want to stay up-to-date with industry news, learn from the best about how they made it big, or even have your specific questions answered - there’s an Amazon FBA podcast for you.
We have scaled the market to bring you the top Amazon FBA podcast list, plus a few that are useful for ecommerce sellers on any platform.
How to Reconcile Your Amazon Seller Statement
Updated December 2020.
If you’ve ever reviewed an A2X settlement summary, you’ll know Amazon has some very creative ways to charge Amazon sellers money.
But what do ShippingChargeback, GiftwrapChargeback, and SalesTaxServiceFee really mean, and how do you reconcile them to the Amazon Reports > Payments section of Seller Central?
To help this make sense, we’re going to walk you through reconciling your Amazon seller statement. We’ll use an example that matches low-level transactions in an Amazon settlement report to the corresponding high-level transactions Amazon considers in their report summary.
How A2X Handles VAT in All European Ecommerce Marketplaces
Anyone who runs an online store will know that the beauty of ecommerce is that its capabilities are limitless.
It’s a fantastic way for retail stores of any type and size to reach a new community of customers – enabling you to expand your sales worldwide without the extensive costs of setting up a brick-and-mortar store.
Ecommerce has levelled the playing field, making it possible for small businesses to compete with corporate giants on an international stage.
Do Your Financials Tell a Story That Sells?
Your accounts should offer insight into your business.
They should show successes, and they should show opportunities to help to pinpoint trouble areas. Having complete and accurate financials means that you, as an ecommerce seller, have the information you need to make better, smarter decisions about the future of your business. You know the true cost of sales, where you’re making and losing money, and where you could be investing more.
Ecommerce Options: Whether to Sell Through Amazon or Your Own Website
Amazon is an ecommerce behemoth.
It started as an online bookstore in 1994, and is now the world’s largest online retailer.
If you’re a small company, the decision to sell through Amazon can seem obvious – after all, you won’t be able to compete with it – but it’s not automatically the best decision for every business. With Amazon Australia set to open early next year, it’s a good time for Australian and New Zealand retailers to think about their choices: take advantage of the Amazon platform, or stick to their own website.
Future-Proofing Your Amazon Business for Sale
Like all business owners, Amazon marketplace merchants may one day weigh up the prospect of selling their business. And what will prospective buyers want to see? Accurate accounts demonstrating a healthy business.
Even if you’re not considering this anytime soon, it’s sensible to behave as if this will be your goal one day. If you do this from the beginning, not only will your business operations be organized and transparent for you, but it will be much easier to go into the sales process prepared for success.
Amazon Accounting Meetup Summary: Atlanta, Georgia - June 6th
On June 6th, 2018, we hosted a meet-up for Amazon sellers, accountants, and people involved in the ecommerce space. This meet-up was held after the first full day of Xerocon in Atlanta, Georgia.
We were privileged to have Brandon Wasser and Cat Fogarty present as guest speakers.
Brandon Wasser is a Senior Account Manager at Bookkeeper360. Through this role, he has learned a great deal about emerging technologies and trends that are shaping the way we shop, and how businesses need to evolve in order to thrive in an ever-changing environment.
A2X, Amazon, and the Future of Accounting with HPC
How HPC accounting uses A2X to help solve its clients’ problems HPC Accounting is something of a trendsetter among US accounting firms.
The business started in 2011, and unlike most firms at the time, focused on providing value-based services, rather than charging clients hourly rates.
Since 2016, they have abandoned time tracking altogether, preferring to give their clients personalized service and in-depth advice.
As Accounting Manager Catherine Fogarty explains, HPC was also an early American adopter of Xero.
Amazon to Turn Over Third-Party Seller Data to California Department of Tax and Fee Administration
This post is a guest post from Michael Fleming founder of Michael J Fleming & Associates.
This article is about the changing tax obligations of ecommerce sellers in the US and was correct at the time it was written. For more detailed information (no matter your platform) about how sales tax affects you, and where to get the most up-to-date advice, check out our blog here.
On the afternoon of October 23 2018 Amazon stated that it had received a “valid and binding legal demand” from the state of California to turn over third-party seller information.
How Sales Tax Law is Changing
The internet has changed the way we buy and sell.
Online marketplaces such as Amazon and eBay now dominate the retail landscape, and more and more retailers are moving online.
In the US, tax law is changing in response. Rather than missing out on online sales tax, states are adapting their laws and introducing new legislation in order to force sellers or online marketplaces to collect and remit sales tax.
A2X Welcomes First UK Partner, AVASK Accounting and Business Consultants
[Announcement made August 2017].
We are delighted to announce the introduction of our first UK partner AVASK Accounting & Business Consultants.
AVASK and A2X have been working together since 2015. A2X has been essential in streamlining AVASK’s services, allowing their tax advisors and accountants to automatically fetch their clients’ latest Amazon settlement transactions and post summarised transactions directly to their accounting system.
“A2X is an essential part of our day-to-day operations.
Amazon Accounting Meetup Summary: Sydney, Australia May 22nd
On May 22nd, 2018, we organized a meet-up in collaboration with Intuit QuickBooks Online (referred to as QuickBooks Online throughout this article), where a range of topics related to Amazon accounting were discussed. We were privileged to have three Amazon accounting and app experts present at our meet-up:
Jeri Wambeek from Which AddOn. Michael Fleming from Sales Tax and More (via video link). Arnold Shields from Dolman Bateman Accountants. Our meet-up was hosted at the QuickBooks Online Sydney offices.
Amazon and Shopify Accounting with QuickBooks Enterprise
A2X is helping thousands of Amazon sellers and Shopify merchants across the world automate their accounting.
In these two guides, we’ll show you how users of the QuickBooks Desktop and QuickBooks Enterprise products can use A2X to account for their Amazon sales and/or their Shopify sales:
Using A2X for Amazon with QuickBooks Desktop and QuickBooks Enterprise
Using A2X for Shopify with QuickBooks Desktop and QuickBooks Enterprise
What is A2X for Amazon?
A2X Wins Xero Americas Industry Specific App of the Year 2018
We’re thrilled to announce that A2X has been granted the Industry Specific App of the Year award at the Xero Americas Awards 2018.
This award recognizes the fact that accountants and bookkeepers in North America (and throughout the world) are gaining significant amounts of value out of using A2X to automate their Amazon accounting.
“The niche focus of A2X has really paid off… no other tool on the market nails Amazon payout reporting like the tool they’ve made.
What Happens When You Owe Amazon Money? Negative Balance Invoices in Xero
So you owe money to Amazon, and you know this because there’s a negative balance on your Amazon seller account.
What happens if you owe amazon money, and how do you correct it?
The good news is that an Amazon seller negative balance is usually nothing to worry about.
Table of Contents What is an Amazon seller negative balance? How to locate negative settlements in Xero How to balance your accounts by reconciling a single Amazon payment [four steps] Step 1: Find Amazon deposit Step 2: Find & match Step 3: View invoices and bills Step 4: Combine and balance Also on the blog Learn how to manage your Amazon accounting the right way Amazon accounting can be complex.
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:
Walmart vs. Amazon: The Changing Landscape For Ecommerce Sellers
Walmart is one of the most recognizable brands in the world. With a momentous footprint in the US, the giant has moved into ecommerce and is taking it by storm.
Almost anyone can sell on Amazon. Merchants are in their millions which makes competition rife, selling strategies complex and standards strict. It’s likely that you are already selling on Amazon, and may be intrigued by the new kid on the block - what does Walmart offer that Amazon doesn’t, and should you be getting a piece of the pie?
Why More Sellers Are Diversifying Away from Amazon
About the author - Wayne is a management accountant who forged a 15-year career with tech heavyweight Hewlett Packard. He is now the COO and resident eCommerce accounting expert at Bean Ninjas. When Wayne isn’t managing a global team and equipping eCommerce entrepreneurs with the financial tools they need to enjoy business success and lifestyle freedom, he’s being an everyday superhero to his wife and five children.
As 2020 rages on with global health and financial crises, we decided to take a pulse check on the state of eCommerce.
UK Ecommerce Accounting Software for Amazon FBA and Shopify
Running an ecommerce business in the UK comes with a unique set of challenges and opportunities. Regardless of whether you’re selling on Amazon, Shopify or another digital avenue, you need to have accurate financials in order to make sound business decisions.
Many digital entrepreneurs (and their bookkeepers) manually enter the sales or payout data into their accounting system. While it may seem like a suitable solution in the beginning, this can result in more work and a wide range of issues such as reporting errors, difficulties with comparing the performance of different channels and time periods, and challenges when it comes to selling your business down the line.
The Ultimate List of Tools for Amazon UK Sellers
Streamline your operations and get ahead of the competition. Here are the top tools you need to be using if you’re selling on Amazon UK.
In 2002, Amazon launched its UK marketplace, allowing third-party sellers to sell their products to local and international Amazon customers. Over the past 18 years, Amazon UK has grown to be the second-largest marketplace in Europe, and thanks to Europe’s version of Fulfilment by Amazon (FBA) – called the European Fulfilment Network (EFN) – over 280,000 UK sellers use the online marketplace.
6 Common Accounting Mistakes that FBA Sellers Make
This is a guest post from our partners at Bean Ninjas.
Did you know that more than 50% of Amazon’s $280 billion in revenue comes from FBA sellers?
The competition for sales has only grown with FBA sellers doing anything they can to get an edge. In some cases, this includes unethical or downright criminal practices to get more sales or hurt their competition.
So, the last thing you want to do is create self-inflicted problems.
Amazon Pay accounting and reconciliation with A2X
Finally a way to accurately automate your Amazon pay accounting and reconciliation with A2X for Amazon. Here’s how. When customers check out with Amazon Pay, the sales proceeds arrive in the merchant bank account up to two weeks later. They are batched with other transactions and various fees are deducted. Often the merchant has no way to account for the fees or to reconcile the funds received with the sales orders they see in Shopify or other sales channels.
Amazon FBA Sellers Get Better Accounting with A2X
Accurate accounting thanks to seamless integration With the number of apps and technology available today for e-commerce sellers, manual accounting processes can be – and should be – a thing of the past. There are few other business tasks as essential, yet labour-intensive, as accounting. It can both drive the growth of your business forward, and at the same time, completely overwhelm you.
There is a time and a place for manual spreadsheets and processes, often best used at the start of your Amazon FBA journey when order numbers are low.
The Authentic Buyer’s Guide to Amazon Automation
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.
Full List of Amazon FBA Warehouse Locations and Sales tax rate by State
Amazon FBA Warehouse Locations Keeping on top of your inventory and the different sales tax rates associated with each state can be a juggle. There’s nexus to consider, both physical and economic, as well as local sales tax which drives the total state tax rate up.
Of the 50 US states (plus Washington DC), Amazon currently owns and operates fulfilment centres in 27. As an FBA seller, it’s important that you know this because it influences which states you should be collecting sales tax in.
How-To Guide: Collecting Amazon Sales Tax
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.
A2X named Xero's App Partner of the Month for September 2019
A2X, the worlds leading Shopify and Amazon accounting connector has been named by Xero as it’s App Partner of the Month for September 2019.
A2X has been helping thousands of you across the world to automate, streamline and accurately account for all of your, or your client’s e-commerce sales for over 5 years now. The launch of our new product, A2X for Shopify is now helping Shopify stores all across the globe to accurately account for their Shopify sales inside of Xero.
Leveraging tech to take on large scale clients
How A2X has been a key player in Catching Clouds growth Ecommerce accounting firm, Catching Clouds, based in the US, works with established ecommerce sellers producing a turnover of between one and $50 million. They’re considered leaders in the mid-to-high-range seller market because of their focus on high-quality tech to help their clients automate business operations.
Co-founder Scott Scharf has worked hard to create a well-known, high-tech brand - working closely with other leading tech brands like Xero and Gusto.
How to leave a review of A2X on the Amazon Appstore
Amazon apps now have a home for reviews, and A2X is front and center here.
Reviews mean a lot to us at A2X, but they also mean a lot to you, all the new customers that are looking for solutions to their e-commerce accounting. The thousands of positive experiences our customers have helps to guide new customers to our solution so that it might help them too.
The proof is in the pudding, as you can see from the hundreds of reviews that you, the person accounting for your e-commerce sales, have taken the time to share on the independent app websites that are most relevant to you and your colleagues, from Capterra, Shopify, Apps.
Sales Tax Nexus Trends – What Amazon Sellers Need to Know
The past year has been unprecedented in terms of sales tax law changes that impact online sellers.
The whirlwind began after the U.S. Supreme Court handed down its decision in South Dakota v. Wayfair in June 2018. The Wayfair decision is all about nexus – the level of connection between your business and the state that obligates you to register and collect sales tax.
The Supreme Court ruled that physical presence is no longer the main requirement for creating nexus, that it can also be created when a seller’s sales into a state exceed certain economic thresholds.
Peace of Mind with A2X and TaxJar
If you’re getting serious about your Amazon ecommerce business, you’ll already have yourself dedicated cloud-based accounting software, like Xero or QuickBooks Online. Hopefully, you’ll also have integrated A2X so you have timely, usable sales data and reporting at your fingertips. The next thing you need? Sales-tax software.
The cold hard truth is that if you’re selling via Amazon FBA, at some point you’re going to be paying sales tax – and that’s when your accounting can get complicated, especially if you’re selling in the US.
Amazon FBA Business Plan Template
So you’ve ticked off everything on your business plan checklist down to a T.
All products are ready to be listed, supply arrangements sorted, distributor partnerships signed, all packages properly labelled, and Amazon system records on point.
Great! So you’ve got an FBA business. Or do you?
If you’ve made it to this stage, the good news is that you’re off to an excellent start. The bad news? Listing products on Amazon is just the tip of the iceberg.
How the US Trade Tariffs Will Affect Amazon FBA Sellers [Part Two]
An Interview with the Owner of a US-Based Manufacturer and Online Retailer with Karen Brady Part One here.
This company uses both CNC components produced in the US, and imported components designed in the US and manufactured in Chinese factories.
The final retail products are assembled in the US and sold on from their website. Following on from the interview with ExportX’s Paul Grey, I continue my investigation into the mechanics of import/export and how the US-China Trade Wars have impacted his and other companies.
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 Lazy Entrepreneur Podcast Features A2X
A2X was featured on the Lazy Entrepreneur Podcast this week. Where long time business owner and A2X user, Sam Priestley showed his listeners the details of the day-to-day of his Amazon FBA accounting. He goes into depth on how he combines a traditional accountant, bookkeeping software and A2X to handle a large international Amazon FBA business. Explaining it all to his wife and business partner Emma who has no experience whatsoever with accounting or bookeeping.
The Definitive Guide to Amazon 1099K Reports for Amazon Sellers
The Amazon 1099k (or sometimes just called the 1099 or “ten-ninety-nine”) is the one report we get asked about so often at A2X; ‘How do I match the 1099K to my sales, how do I know where Amazon gets their numbers, what does this all mean and why does it never easily balances back to your business management accounting?’.
Now, while we will cover off on all those questions in this blog and the supporting material, this task is something that is really not necessary.
New Book ‘Profit First for E-Commerce Sellers’
Specialist e-commerce accountant, bookskeep founder Cyndi Thomason’s new book, “Profit First for E-commerce Sellers” has just been published and is now available on Amazon and Barnes & Noble. ‘Profit First’ is a cashflow management methodology for small businesses created by Mike Michalowicz. Cyndi Thomason has taken the core concepts of the Profit First methodology and customised them to address the specific needs of the e-commerce business. Cyndi is the guru in applying Profit First to e-commerce businesses to help them achieve true profitability and business sustainability.
QB Appy Hour features A2X
A2X was featured on the QB Appy Hour last month. Ellen and I showed how A2X can automate Amazon accounting as part of an overall ecommerce accounting workflow. Check out the recording below:
Using Spreadsheets for your Amazon Accounting? Here's How it Compares to A2X
Still using a spreadsheet for your Amazon accounting?
You could be making a huge mistake. One that will cost you far more than the money you might save not using accounting software…
In this guide about using spreadsheets vs. A2X for your accounting:
Table of Contents Accounting for Amazon Sellers Accounting Before A2X Pros and cons of spreadsheet accounting Accounting with A2X Pros and cons of A2X for Amazon Step into the Future of Ecommerce Accounting with A2X Also on the blog Want to feel completely confident in your ecommerce bookkeeping?
A Guide to Amazon Seller Fees: Everything You Need to Know Including Hidden Fees [Infographic]
There are many fees involved in selling on Amazon.
Amazon charges you a fee for just about everything it does within the sale and delivery process. However, most sellers find that these fees are well worth it and allow them to focus more on scaling their business and less on the fulfilment side.
Fulfilment and processing of orders is really what takes up a lot of manual time in a physical products ecommerce business.
The Other Half of Amazon: Amazon Web Services & Amazon Prime Video
Amazon is probably best known for its online marketplace, but they’re involved in more than ecommerce.
Amazon is also a leading Cloud service solution, and offers Amazon Prime Video for streaming television shows and films.
Table of Contents Amazon Web Services Why Choose Amazon Web Services (AWS) for Website Hosting? AWS Success Stories Amazon Prime Video Top 3 Reasons Amazon Prime Video is a Top Competitor 1. Competitive in price 2.
QuickBooks Online Firm of the Future Finalist, Reconciled, chooses A2X
A2X is used by Firm of the Future finalist, Reconciled, for their Amazon accounting automation. Intuit has published the finalist videos - A2X gets a special mention as a tool that helps Reconciled with Amazon accounting. We’re thrilled to be in such great company - thanks for the shout out, Reconciled! Check out the video here:
Xero features A2X for innovation and success
Xero recently featured A2X showcasing innovation and success on the Xero platform. Xero describes A2X as “clever software [that] makes Amazon accounting easy” You can read the full article over on the Xero blog.
Why most Amazon seller businesses don’t work and what to do about it!
Michael Gerber is widely regarded as one of the top small business gurus of all time. He authored the bestselling book The E-Myth Revisited: Why Most Small Businesses Don’t Work and What to Do About It, along with more than 30 other educational commerce guides. Over the past 40 years, Michael has been educating and empowering small business owners around the world, helping them to succeed and essentially create businesses that are very attractive for acquisition.
Intelligent Automation for the Amazon Seller
It’s a reality. Our world is becoming more automated every single day.
Integrations connect different apps, plugins are able to handle large amounts of information with ease, and businesses are turning to automation for their workflows and processes to scale up with speed and resilience.
At first glance, automation might seem out of reach for many Amazon sellers. What was once the domain of large organizations with deep pockets is now accessible to anyone with a laptop and a ‘can do’ attitude.
Amazon FBA in the UK and how A2X makes accounting so much easier
This article is has been written with our good friends at OD Accountants in the UK. It discusses the growth of Amazon FBA in the UK and how OD Accountants have been working though the challenges of Amazon accounting with the help of A2X.
During recent years, online marketplaces have transformed the way we shop. Amazon brings together sellers, merchants and businesses in almost every industry into a highly competitive marketplace.
What is Sales Tax?
This article is a guest post from our good friends at MuseMinded. They have teamed up with The Tax Butler to offer a free sales tax starter kit for US-based Amazon sellers.
This is the first blog in a three-part series which looks at the basics of sales tax for ecommerce sellers and where you can find help. The next two parts cover:
Sales tax strategies for Amazon FBA sellers in the United States.
Sales Tax: Understand Your Obligations and Make a Plan
Sales tax for ecommerce sellers is relatively new and continually evolving.
When bricks-and-mortar stores were the only retailers, knowing where to pay your taxes and to whom was straight forward. You had a physical location which gave you “ nexus” in a particular state; a link strong enough that you needed to pay tax, and that was pretty much the end of the story.
With millions of dollars moving into the cloud space and no physical locations to pin them to, governments faced two problems:
Xero Awards 2018 – A2X is a finalist
Our trip to Xerocon Brisbane next month just got a little more exciting with the news that A2X has been shortlisted as an Award finalist in the category of: ‘Industry specific app partner’ As an app partner, A2X solves a very specific problem for Amazon sellers and is recommended by Accountants and bookkeepers as a necessary tool to automate the reconciliation of settlements paid by Amazon to its Sellers. We’re looking forward to being in good company on September 4th at the awards event.
5 Growth Opportunities Every Amazon Seller Should Take Advantage Of
Are you looking to grow your business but don’t really know where to start? Whether you’re new to selling on Amazon or have been doing it for years, you should always have your eyes set on growth.
That means setting goals, outlining how you’ll achieve them, regularly checking your progress and making adjustments as needed.
So, how can you actually get to work growing your business? There are a wealth of tips, tricks and hacks out there so below, we’ve focused on five of the key things you can start doing now:
New taxes, new issues - understanding Washington’s Marketplace Facilitator Tax
If you’re an Amazon seller with sales in the state of Washington, you may have noticed some changes to the way your sales tax appears in your A2X reports. This is the result of the new ‘Marketplace Facilitator Tax’ that was introduced in January this year. While this specific tax only applies to sales in Washington State, other states are introducing similar taxes of their own, which will affect Amazon sellers in the future.
How A2X Lets Acuity Do More for Their Clients: Automated, Accurate, Affordable
Acuity is a US-based accounting firm that specialises in bookkeeping and accounting for small businesses.
They are tech leaders in the accounting field, and are always looking for ways to make their work more efficient and save money for clients.
A2X does just that, by helping them to automate some complex processes, get accurate numbers, and speed up their results. After implementing A2X and seeing the difference it made, the team at Acuity recommends it to all their Amazon clients.
A2X is officially a member of the Amazon Marketplace Developer Council
We’re excited to announce that A2X will be participating in the new Amazon Marketplace Developer Council. The developer council consists of a group of developers and organizations that extensively use the Amazon Marketplace APIs to create useful software apps for Amazon sellers.
Through participation in the Amazon Marketplace Developer Council, A2X will be offering input towards the roadmap and future development priorities for the Amazon marketplace APIs. What does this mean for the future of Amazon?
Registrations, Regulations, and Complications: Tax Planning for International Amazon Sellers in the US
If you’re an international seller wanting to break into the US market, an ecommerce giant like Amazon might appear to be a straightforward solution. With a 45% US ecommerce market share, a little bit of time spent creating an online store on Amazon and managing fulfilment certainly looks worth the investment. What many international sellers don’t realise, however, is that the story doesn’t end (or even begin) there. State and federal tax laws come into play, as well as banking regulations and business registrations, all of which need to be organised before any selling ought to take place.
8 Inventory Financing Options for Amazon Sellers
Financing inventory can be intimidating and often stressful even for bigger sellers. But, it doesn’t have to be. When you’re short on much-needed inventory, it’s easy to make rash decisions when it comes to financing it. The best thing you can do is take a step back, do your research and consider your options.
1. Money in the Bank If you have enough personal savings to fund your holiday inventory, you can pay for your next purchase order or closeout sale (in the case of retail arbitrage) interest free.
A2X and Amazon Australia Accounting with Xero and QuickBooks Online
Amazon Australia launched Amazon.com.au at the start of December and hit, what has been reported as, a record first day of sales in any Amazon marketplace.
A2X is excited to report that we are able to support Amazon Australia sellers to thrive on the new platform and nail their ecommerce accounting.
If you’re an Australian business selling on Amazon in Australia, or an international firm opening an Amazon.com.au selling account, A2X will give you the reliable, accurate accounting of sales and fees you need to reconcile your Amazon settlements in Xero and QuickBooks Online.
Online Business Saves Time Thanks to A2X, Ahead of Amazon Australia Launch
Time gained with A2X will be crucial as Amazon launches in Australia.
Kerin* runs a highly successful online business. She had grand growth ideas in the pipeline, but not enough time to set them in motion.
A2X is the automated Amazon marketplace accounting service that Kerin used to win back 20 hours a month and the opportunity to grow her business – fast.
Kerin and her husband have been running their own very successful online business since 2012, selling world-wide from their base in Australia.
Amazon Australia, Threat or Opportunity?
Amazon launched online product sales in Australia in 2017 and has since established a strong presence in the online market. Australia and New Zealand are relatively small markets on a global scale. However, Amazon’s arrival in the Australian market has been nothing short of transformative.
For businesses selling products in Australia or New Zealand - whether they’re manufacturers, start-ups, store retailers or online sellers - Amazon Australia can be seen as a threat, an opportunity, or both.
A2X is a finalist for the QuickBooks Online App Showdown!
This year at QuickBooks Online Connect in San Jose, A2X will be competing with 9 other finalists in the 2017 App Showdown!
A big round of applause for $100K #smallbiz #appshowdown finalist @a2xaccounting. Excited to see them at #QBConnect! https://t.co/UZ6Sbi2prm pic.twitter.com/KLh8f8JFaA
— Intuit Developer (@IntuitDev) October 11, 2017
We’re super excited that A2X has been recognised as a finalist and none of this would be possible without your continued support of A2X - we’re working hard everyday to make A2X the best add-on for Amazon accounting, so far we’ve helped over 1000+ Amazon businesses tidy up their Amazon accounting, and we’re on a mission to help 10,000 more!
AVASK's James and Angelos discuss Amazon VAT compliance and enforcement with Ed Rosenberg
Last week Ed Rosenberg interviewed A2X partner firm AVASK about VAT compliance and enforcement for Amazon Sellers. James and Angelos covered how VAT compliance is being enforced for Amazon Sellers and the penalties faced if a business ignores compliance. VAT is complex, with some very serious implications for your business, check out the full interview below to get a sense for the challenges and importance of the VAT accounting for Amazon sales.
A2X Welcomes bookskeep as an Accounting Partner
Here at A2X we feel privileged to have Cyndi Thomason from bookskeep join our group of North American Partners. Two years ago bookskeep started working with their first Amazon seller client and quickly began partnering with more Amazon sellers every month. Cyndi quickly realized something: Many Amazon pros were pursuing the same flexible lifestyle she was! One of the primary goals at bookskeep is to free up their clients so they can enjoy their life and build a business.
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.
Catching Clouds and A2X: What Makes a Great Partnership
A2X and Catching Clouds - A Great Partnership. I’m pleased to announce the launch of our A2X partner program, and to introduce the first official A2X partner, Catching Clouds of Denver, Colorado, Catching Clouds provides outsourced ecommerce accounting services for online businesses. The Catching Clouds team are experts in Amazon ecommerce businesses, the technology, and the accounting they need to manage their businesses. Owners of Catching Clouds, Patti and Scott Scharf, have been working with the A2X team since January 2014.
Selling on Amazon? Here's How to Spend Less Time on Accounting, and More on Your Business
If you’re an Amazon marketplace merchant, you’ll know that selling through the platform isn’t all smooth sailing. In fact, when it comes to balancing your books, there are some serious headaches to deal with.
Sales data from Seller Central is delivered in an overly complicated format, which doesn’t mesh easily with most accounting systems. This means reconciling sales numbers with the actual amounts that land in your bank account can seem nearly impossible, and cost you hours or days every month.
Amazon, accounting, and A2X
Why e-commerce accountants love A2X. The apparent simplicity of selling through the Amazon marketplace can be deceptive. Although the Amazon Seller Central portal provides details of each transaction in reports and file downloads, as businesses grow and sales increase, accountants and sellers start to find these reports unhelpful – to say the least. Amazon’s sales reports don’t provide a breakdown of sales tax, don’t date sales accurately month by month for accrual accounting, can’t be exported to accounting software without huge issues, and include extremely confusing fees and charges.
Bookkeeping: No Longer the Bane of a Booming Amazon Business!
The story of how one Amazon seller used A2X to solve his bookkeeping issues and to prepare his business for a successful sale.
For Nick Losciuto, the boom in his Amazon sales was becoming a double-edged sword.
Just before he sold it this year, Nick’s business, Compatible Parts, was processing tens of thousands of orders every month – with turnover in the millions of dollars.
That was great news, except when it came to keeping his financial books tidy.
A2X Talks Nerdy on Xero Developer TV Episode 10
Last week Xero released their 10th episode of Developer TV, and I got to be in it! Regan and I met at the Xero offices in Auckland and talked about the A2X tech stack, the Xero ecosystem and my advice for getting started with a Xero integration. Check out the full interview below (starts around 1:33). Also worth checking out Dan’s fancy bike riding skills right at the end.
Amazon Reserve amounts: what to do when Amazon withholds your settlement payment
In this post we want to cover two often confusing transactions you will see in your Amazon settlement files that A2X imports. The first is the Current Reserve Amount and the second is the Previous Reserve Amount Balance. Firstly, a bit of background to these transactions. Why does Amazon withhold payment? Sometimes Amazon withholds some or all of your settlement payment for various reasons. Some examples of why we have seen Amazon do this to sellers: you’re a new seller with no history, your credit card on file with Amazon is expired, or there’s a bank account validation problem in your seller account.
Amazon Promotion and Sponsored Products Accounts
The other day I was going through my amazon seller fees for the month. I recently launched my first effective Amazon promotion and wanted to see what it looked like in my accounting software. Mostly, I wanted an overview of how much I have given away in order to create the recent promotion related sales. I use A2X and when I did my initial mapping “Amazon Promotion” was not mapped. This is because my Amazon account had not yet done any successful promotions.
How to Account for Amazon fees - Amazon Fee Accounting
Amazon Fee Accounting Basics After taking the time to break down what Amazon’s sales and FBA fees are, the next logical move is to account for them in your preferred accounting software. This way when you look at reports like your Cash Summary and PNL (profit and loss) the Amazon fee and Amazon income portion is easy to spot, understand, and interpret. Setting up and coding your Amazon incoming revenue and outgoing expenses is the sort of thing you really only have to do once.
What Are Amazon FBA Transaction Fees and Fee Breakdowns
If you use Amazon’s FBA (Fulfillment by Amazon) service, you’ve probably seen a few extra FBA fees pop up on your statements. In this article, we’ll explain what those fees mean (in real life), and how to record them in your books.
Find our updated fees guides for 2021 here:
Amazon Seller Fees Amazon FBA Fees Table of Contents What is Fulfillment by Amazon? Understanding FBA Transaction Fees FBA Order Handling Fee Variable Closing Fee: BMVD or ‘Media’ Items Refund Administration Fee FBA Pick and Pack Fee FBA Weight Handling Fee Referral Fee On Item Price FBA Storage Fee Long Term Storage Fee Amazon FBA Fees Calculator Accounting for FBA Transaction Fees Problems Amazon FBA Sellers Have With Accounting Cash vs.
Grouping Sales by Product Type in A2X
A2X software offers different options for the grouping of Sales, Refunds, Promotions, Shipping and Gift Wrap charges. We also have a Grouping by Product Type option. Grouping by SKU is fairly obvious; grouping by product type is a little more complicated.
In this article, we’re going to show you how grouping by product type works. We’d like to say upfront, product types are generally an extra-for-experts setting that not all users are going to want or need.
Reconciling Amazon payments in Xero
In this post we’ll cover how the invoices from A2X reconcile to the payments from Amazon. There are 3 main scenarios outlined below. Single invoice, single payment This is the simplest scenario for reconciling. Xero will see the invoice that A2X creates and the payment from Amazon and offer to reconcile the payment against the invoice, most of the time completely automatically. Xero can match the invoice and payment automatically based on the due date and the amount.
A2X reduces business owners’ stress, says The Digital CPA
Accounting connector app permanent addition to Jay Kimelman’s digital toolbelt Jay Kimelman has his hands in many different pots. Over the past 20 years, he’s been the CFO of a pharmaceuticals company, helped to design, build and deploy SAP-based ERP solutions for Siemens Hearing Instruments, and started – then sold – a nutraceutical manufacturing business.
He’s all about the tech – a workflow automation expert and self-proclaimed “recovering appaholic”. So it makes sense that in 2011, Jay rolled everything he knew about accounting and systems into one – launching his cloud-based accounting firm.
AC Ecommerce Accounting – Cindy Smith
Penny perfect month-end for Cindy Smith and clients A2X saves ECommerce Accounting LLC hours of manual reconciliation Cindy Smith has worked as a CPA her entire adult life – it’s her bread and butter.
Several years ago, her son and his wife started an eCommerce business and Cindy offered to take care of the books. But she quickly realised that the world of eCommerce came with a raft of complexities.
AC Out of the Box CFO – Chaim Korik
A2X invaluable for Chaim Korik and his clients Simple tool efficient, accurate – and saves time Chaim Korik’s career has taken him all over the world. He was born in Brazil, got a degree and his master’s in accounting in the US, then moved down under after marrying his Australian wife.
During that time, he’s studied and travelled the globe, working his way up from a small business bookkeeper to managing corporate accounts for large, more complex organisations.
AC T3 Bookkeeping
T3 Bookkeeping adds A2X string to bookkeeping bow Digital tools save Trinity Scott – and her clients – time Like many bookkeepers, Trinity Scott’s journey started with a degree in accounting. But after graduating from college, she found the idea of 60-hour weeks working for a big corporate not all that appealing. Her husband was in the military, and after his stint as a submariner in the Navy, the happy couple decided to start a family.
Accountancy firm targets Shopify space with help of A2X
Accountancy firm targets Shopify space with help of A2X Two years ago, CloudCounting was - as owner Tracey Newman puts it - a general accountancy practice. Fast-forward 24 months, the firm has made a name for itself as specialists in ecommerce accounting, specifically for Shopify sellers. The shift has been purposeful and organic.
“We always try to go to market as a best-practice accountancy firm”
This reflects the way the accounting industry is changing - at lightning speed.
Adrian Turley | LPG Jets
LPG Jets – from the odd sale to 1800 orders per month Explore how this eCommerce business uses a combination of A2X and Xero to automate sales data from his Shopify, eBay and Amazon accounts. The integration saves him time, which he now spends on marketing his business, and eliminates any unnecessary number-crunching or paperwork-related worry.
The start of the LPG Jets empire Two years ago, Adrian Turley was just like many other people, selling the odd thing on eBay to make a bit of cash.
AF Accounting
How Allan Fefergrad and the team at AF Accounting uses A2X for Amazon seller clients Located nearby Griffintown, Montreal, AF Accounting is a contemporary accounting firm catered towards professionals, small and medium-sized businesses. Through adopting modern accounting technologies, they are able to offer a complete suite of accounting expertise in the most efficient manner possible.
The firm was founded in 2008 by Allan Fefergrad, CPA, CGA. He has several years of experience in general accounting, taxes and finance.
Amazon Adjustments (and How to Account for Them)
Whether you’re a seasoned Amazon seller or are just getting started, understanding all of the fees and transactions associated with selling on Amazon can be confusing.
While knowing the definition of a specific transaction is valuable, it’s also important to take it a step further and understand how each transaction impacts your finances and how to properly account for them so that you can keep your books accurate and up-to-date.
Amazon Commission and Selling Fees (and How to Account for Them)
If you sell on Amazon, you’re likely aware of the fees that come along with selling on the platform. Amazon’s fee structure addresses every nuance of the selling process, from post-sale adjustments to order-specific services like gift wrapping.
Amazon commission and selling fees are a category of fees that are important to understand and track because they are usually specific to product types and/or prices, and can therefore have a large impact on profit margins.
Amazon Fulfillment and Storage Fees (and How to Account for Them)
At the center of Amazon’s services for sellers is the Fulfillment by Amazon (FBA) program. By using FBA, sellers can store their products in Amazon’s fulfillment centers, and Amazon takes care of storage, packing, and shipping. Being part of the FBA program means access to Amazon’s shipping and distribution infrastructure, potentially making shipping faster and more efficient. Plus, products can also become eligible for Amazon Prime, which can significantly increase sales potential.
Amazon Order Revenue Transactions (and How to Account for Them)
One of the biggest bookkeeping mistakes that Amazon sellers make is recording their entire settlement bank deposit as “income” – when, in fact, it’s actually a combination of sales and other fees and transactions associated with selling on Amazon.
We’ve put together a comprehensive list of Amazon seller fees and transactions that can help you familiarize yourself with some of the transactions you might see on your Amazon seller statement.
Amazon Reimbursements (and How to Account for Them)
For many Amazon sellers, handling reimbursements is common practice and part of the day-to-day management of their Amazon store.
Correctly accounting for reimbursements, however, can be complex – and is critical to get right. Reimbursements must be categorized properly to reflect your business’s true financial position. For example, a reimbursement for a lost shipment should be recorded as a recovery of lost income, not as a sale. It’s also important to accurately track reimbursements to ensure you’re treating these amounts correctly from a tax perspective.
Amazon Reserve Balances (and How to Account for Them)
Business owners have probably heard the phrase “cash flow is king” – which emphasizes the importance of having steady, predictable cash flow when running a business. This idea can be especially pertinent to Amazon sellers, who often need cash readily available to purchase more inventory during key selling times. To have a line of sight into cash flow, you need to understand all of the expenses and factors that might impact your store’s cash flow on a month-to-month basis.
Amazon Subscription Fees (and How to Account for Them)
There are many factors that determine how much it costs to sell on Amazon – from product type and size, to Amazon services used, and more. Underlying these costs are recurring subscription fees, or selling plans.
Although subscription fees might be one of the more predictable types of fees for sellers to manage, it’s still important to have a handle on these costs so you can understand how they could be impacting your profits.
Automated, accurate, affordable
How A2X lets Acuity do more for their clients Acuity is a US-based accounting firm that specialises in bookkeeping and accounting for small businesses. They are tech leaders in the accounting field, and are always looking for ways to make their work more efficient and save money for clients.
A2X - which helps them automate some complex processes, get accurate numbers, and speed up their results - does just that. After implementing A2X and seeing the difference it made, the team at Acuity recommends it to all their Amazon clients.
Backdating the books
A2X, bookskeep, and accrual accounting bookskeep is a US-based bookkeeping firm that specialises in ecommerce businesses. They’ve been around since 2014, and have been an A2X partner since 2017. bookskeep has a high number of clients using QuickBooks Online, although they’re seeing an increasing number of Xero users too.
Recently, the bookskeep team helped a client who needed to rebuild their financial records in order to sell their business - and they realised the true value of A2X.
Cardology
More time, less stress How using A2X helped Cardology build its business Cardology does anything but your standard greeting cards. The company designs and produces clever, laser-cut cards that transform into 3D works of art – and the concept has proved incredibly popular.
With his wife and sister, David Falkner co-founded Cardology in 2014. In just seven years, the business has gone from strength to strength, selling a huge range of wholesale cards through Amazon, Etsy and their website.
Classical goes digital
How A2X helped Ficks Music focus on growth Ficks Music has carved out a very specific niche for itself. The business sells high-quality, well-curated classical sheet music online. Because so many brick-and-mortar music stores have gone out of business, they provide an essential service for serious classical musicians.
Ficks has its own online store, but the business is increasingly focused on selling through Amazon. The platform allows them to reach a wider audience and even manages their shipping and warehousing.
Financly and A2X
Financly and A2X We are excited to welcome Financly Bookkeeping Solutionsas A2X’s first Canadian Partner. Teresa Slack is one of the two owners and founders of Financly Bookkeeping Solutions - a cloud-based, virtual bookkeeping service for modern businesses that need a dynamic accounting team.
With over 30 years of experience, she is not only skilled at financial record keeping and reporting, but also setting up systems, business management, sales and marketing, forecasting and much more.
Good bookkeeping essential to growth
How A2X helped husband and wife duo get a handle on their business finances Peter Richardson and his wife have been running their ecommerce business for three-and-a-half years and currently make an annual revenue of approximately $750,000. Like many ecommerce businesses, they operate in a highly-competitive industry so understandably, they like to keep their playing cards close. But they’re unafraid to admit that before A2X, they were essentially running their business blind - something that could have been detrimental to their growth.
iQualTech takes helping hand of A2X for Amazon
Amazon FBA brand growth data-driven Launched in 2012, iQualTech is a UK-born consumer electronics brand, developed solely as an online marketplace business - specifically Amazon FBA. It sells to the US and in seven different European countries, with approximately 98% of its sales through Amazon.
As owner Zamir Cajee puts it, “We started with earphones and speakers - and it’s really just grown from there.”
In 2016, the company hit the one-million-pound turnover and grew even further after some successful crowdfunding.
Learning Roots
Learning Roots expands eCommerce network using A2X Explore how this eCommerce business uses A2X to batch transfer Shopify sales data to Xero, saving hours of time (and money) every month. By automating that process, it’s been able to expand into new markets and other eCommerce channels.
Alongside complementary digital tools like Active Campaign, Facebook Advertising, Google (Sheets, Ads, Analytics) and UpWork, A2X has helped Learning Roots make a successful transition into the eCommerce world.
Leveraging tech to take on large scale clients
How A2X has been a key player in Catching Clouds growth Ecommerce accounting firm, Catching Clouds, based in the US, works with established ecommerce sellers producing a turnover of between one and $50 million. They’re considered leaders in the mid-to-high-range seller market because of their focus on high-quality tech to help their clients automate business operations.
Co-founder Scott Scharf has worked hard to create a well-known, high-tech brand - working closely with other leading tech brands like Xero and Gusto.
RDS Limited | Barry Roberts
Tidy eCommerce accounts, deeper financial insights Follow UK chartered accountants RDS Limited on their journey transitioning into eCommerce accounting, and how A2X ensures clients save time – and have access to accurate financial data they can use to grow their businesses. Founder Barry Roberts uses A2X along with Xero, Inform Direct, Comma, Hubdoc and a digital marketing agency, enabling his team to help eCommerce businesses be the best they can be.
SellerBooks uses A2X to help Amazon entrepreneurs thrive
Best of both worlds: Janson James starts bookkeeping firm after building seven-figure Amazon business. Janson James spent most of his career in corporate accounting, until one day he partnered with a colleague – and started an Amazon business selling sporting goods. Fast-forward five years and that side-gig is now a seven-figure company.
But that’s just the beginning of this story.
While Janson is still a co-owner, he’s stepped back from the day-to-day operations of his online store.
Selling Your Amazon Business
Selling Your Amazon Business How one Amazon seller prepared his business for sale using A2X As an Amazon seller, your financial accounts should offer insight into your business, showing successes and opportunities and helping to pinpoint trouble areas.
Then, when it comes time to sell, being able to give potential buyers a clear picture of financial health will help ensure you get the best price for your business.
This case study outlines some key steps for Amazon sellers and their accountants to gain ‘financial health’ and explains how they have successfully used A2X to ’tidy’ their books and go on to sell their businesses.
Sequentia Solutions
A2X and Sequentia: bookkeeping dragon slayers After ten years running the books for his wife’s varied ecommerce businesses, Steve Chase knew he had something to offer the market. In spring of 2017, he opened Sequentia Solutions, operating from San Antonio, Texas.
Steve says he’s always been fascinated by supporting customers in the online space with bookkeeping, regulations and compliance.
“So many entrepreneurs have truly really cool products or services to sell online, but they become so overwhelmed with tech and compliance, they’re pulling their hair out at the end of the day.
Silver & Beauty
Online beauty retailer automates back-end in time for big growth spurt With A2X, Silver & Beauty’s Marek Lasisz never has to worry about his invoices again It’s not surprising that Marek Lasisz is the creator of online beauty business Silver & Beauty – some would say it’s in his DNA. Marek’s mother owns a beauty parlour in Germany, where he spent most of his childhood. It’s also perhaps why he moved into retail, working as a general manager for Aldi supermarkets in the UK for 11 years.
Throne Boss declares A2X a worthy knight of the app round table
Digital tools a ‘no-brainer’ for e-commerce seller Craig Anderson – who also happens to be a CPA Jump on Craig Anderson’s LinkedIn page and it’s immediately apparent that he knows a thing or two about running a business.
Craig is a certified public accountant (CPA) with 19 years’ experience under his belt. He’s worked with accountants, bookkeepers and SMEs across a variety of industries, and started – then sold – his own practice.
Totally Booked
Helping clients help themselves How Totally Booked uses A2X to give clients clarity Totally Booked is about more than just bookkeeping. The company aims to help small businesses boost their profitability by saving time and money on their accounting processes.
The business started six years ago when founder Kelly Gonsalves found herself out of a job – and at a loose end. Although it grew out of necessity, it has carved out its niche in the industry, specialising in e-commerce with a huge range of Amazon, Etsy, and eBay sellers as clients.
Turning poop into profits – and hundreds of hours into just a few clicks
How A2X helped Patio Pet Life sort out its messy accounts Patio Pet Life is unique. The California-based company runs a subscription service that delivers swatches of fresh grass in plastic trays to pet-owners who don’t have outdoor space, so their dogs can do their business on the porch or patio.
Owner Mike Moore started the business with his wife Devon back in 2015. It began as a small-scale operation, with Mike driving around their home city of Newport to deliver trays on weekends.
