Canada

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.

Setting up an integration between eBay and QuickBooks Online is a great idea – especially if you’re looking to spend less time on eBay accounting and bookkeeping. High-volume eBay sellers and accountants/bookkeepers who work with eBay sellers will be all too familiar with the complexities of eBay accounting and trying to get transactions to match up with eBay payouts. Fortunately, integrating eBay with QuickBooks Online can make eBay accounting and bookkeeping quick, easy, and accurate.

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.

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.

The balance in your bank account is rising, so your eBay store must be thriving… right? The only way to actually tell how your eBay store (or, any business venture) is performing is to practice accurate accounting. Accurate accounting and bookkeeping will help you get critical insight into your business’s cash flow, build and review your P&L and Balance Sheet, and ultimately understand your profitability and help you make better business decisions.

Today is an exciting day for everyone here at A2X. That’s because today, we are thrilled to announce the launch of A2X for Walmart. While Walmart has traditionally been a big box retailer operating megastores throughout the world, they recently entered the online shopping industry in a big way - by creating the Walmart Marketplace and acquiring a number of smaller online shopping platforms to fuel their growth. If you’re selling on Walmart, or planning to sign up in the near future, then you’ll be pleased to know that A2X for Walmart is here to take the hassle out of ecommerce accounting.

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?

Learn how A2X can integrate with Facebook Shops in order to give you automated and accurate accouting for your business. There’s no other digital marketing opportunity quite like social media. It’s one of the easiest ways to spread the word about your brand, engage potential local and international customers – and ultimately grow your e-commerce business. Facebook has dominated the social media market for a decade. Not only is it the platform of choice for connecting with family and friends, but it’s also the go-to marketing tool for most business owners.

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.

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

We are excited to welcome Financly Bookkeeping Solutions as 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.

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.

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.

The three Ss of Blubooks Accounting: streamline, scale, succeed With a love of all things eCommerce and accounting and hands-on business experience, Eoin Coney and Andrew from Blubooks Accounting are helping clients streamline their bookkeeping processes so they can scale quickly and succeed. To do that, Blubooks uses a mixture of digital tools including Xero, QuickBooks Online, TaxJar and Stripe – and the latest addition to its tech-stack is A2X.

Keeping up with rapid growth How A2X helped Tom Ewanchyshyn manage the books for growing fashion business Although Tom Ewanchyshyn has done a lot of things in his career, bookkeeping and accounts have always been part of the picture. At just 15, he was helping do the accounts for his family’s business. Later, he established several small businesses of his own and managed the bookkeeping for those enterprises too. Finally, he moved into the financial sector for a decade, before shifting gears into part-time bookkeeping as he headed towards retirement.

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.

Helping clients turn their eCommerce accounting onto autopilot Combining the power of people and technology, Unloop is helping eCommerce founders gain control of their finances, using digital tools like A2X to put their accounting on autopilot. Together with other big-name systems like Xero, QuickBooks Online, Dext, Hubdoc, DEAR, Slack, Zoom, ClickUp and Loom, Unloop and its clients are headed for lightning-fast growth. From public to eCommerce accountant As with many professional CPAs, Michael Pignatelli cut his accounting teeth at one of the well-known ‘Big Four’, Deloitte.