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A2X for Amazon: A Quick Look
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What is A2X for Amazon?
Let’s Talk Features
Marketplace Coverage
A2X can fetch settlements from any Amazon marketplace that belong in the same region. To set this up, all you need to do is connect your account to any of the marketplaces in a specific region. Once your account is connected, A2X will automatically detect other marketplaces you sell in and start pulling settlements from each marketplace which will then be posted on A2X.
- North America – US (.com), Canada (.ca), Mexico (.mx)
- UK & Europe – Italy (.it), France (.fr), Germany (.de), UK (.uk), Spain (.es), Netherlands (.nl)
- Asia & Pacific – Australia (.au), India (.in), Japan (.jp), United Arab Emirates (.ae)
- Singapore – Singapore (.sg)
Automation and Accounting Features
A2X can be used by Amazon sellers who do FBA, FBM, or a combination of both.
A2X utilizes downloads from Amazon Seller Central with the following features:
- Automated fetching of settlement reports
- Automated posting of transaction summaries to Xero/Quickbooks Online
- Capacity to handle large volumes of Amazon transaction data
- Accrual Accounting enabled – revenue and expenses are recorded as soon as transactions occur. Full breakdown of Amazon selling fees and other expenses. Gross margins and profitability are auto-generated. Tax rates that apply to each transaction are also tracked.
- Automated Cost of Goods Sold by product
- Reconciliation of transactions with bank deposits
- Import of historical seller data from Amazon enabled
- Allows organization of Amazon sales and fees by calendar month
FBA Inventory Support
On a monthly basis, A2X tracks your FBA stock locations and will keep and constantly update an inventory of products that were shipped and delivered to your customers. It notes important fulfillment details such as the times and dates of each delivery.
A2X Global Support
A2X has a wide global support system and provides its users access to a network of accounting firms that have extensive experience with this Amazon FBA Accounting Software solution. These accounting firms are located in North America, Canada, the UK, Australia, Hong Kong, New Zealand, and Singapore.
Integrators
A2X can provide you with a highly personalized accounting experience, and it does so by offering integrators. An integrator designs a software system that allows you to build a “tech stack” (a collection of apps) that will allow you to customize your preferences to create an accounting system that’s highly suitable for your business.
What We Love about It – The Pros
Simple, Accurate, Efficient, and Reliable
The strongest suit of A2X for us is the awesome user experience they provide. It’s an exceptional software and the top-notch support they provide through their excellent customer support team and extensive knowledge database makes the onboarding process a breeze. This significantly lowers the learning curve needed to have a full understanding and know-how of the software’s features and capabilities. It has a great interface and navigating your way through it is quite easy.
A2X seamlessly transfers your Amazon data to Quickbooks, which makes tracking and monitoring your sales data and closing and Amazon fees effortless. Another thing that we love, is that it enables accrual accounting and the transaction summaries are organized according to the month they occur. So you or your accountant won’t have to pore through an ocean of sales data just to determine when each sale actually occurred. This makes for highly accurate books which are very important for accounting success. Keep in mind, Amazon sellers like us have a need to have not only the most accurate data reflected on our accounting software, but also data that is easy to understand and accurately represents the financial standing of our business. Moreover, filing taxes is simplified as A2X tracks applicable tax rates for each transaction. These things make working with your accountant much easier. This is what makes A2X such a valuable tool to have in your business.
A Huge Time Saver
Many users claim that they save at least 20 hours per month because of A2X and we are strongly inclined to believe so. With A2X, you won’t have to do any manual data entry or bookkeeping. With each settlement, it generates well-organized journals and invoices that it auto-posts into your accounting system.
If you’ve been following our blog for some time, you’ll know that we don’t really advocate a “set it and forget it” approach, but the powerful automation features of A2X work consistently well that it tempts us to say that you can rest easy once the onboarding process is completed. It will spare you from spending hours on tedious accounting tasks such as posting and scrutinizing your Amazon deals and settlements, enabling you to spend more time maintaining and expanding your business more easily and efficiently.
A2X Pricing
Considering how powerful the A2X Accounting Software is, it’s rather inexpensive. It offers several plan tiers, and as the plans get bigger, the number of orders accommodated increase and their features become more and more extensive to suit the experience, needs and demands of Amazon businesses. Prices of plans range from $19/month (Mini – 200 orders/month) to $139 (Premium – 10K orders/month). It’s accessible to sellers who are starting out in a single marketplace or large merchants who deal with thousands of orders per month. Kindly refer to the chart above to see all of the plan tiers.
What We’re Not Crazy About – The Cons
- Reports of tax mapping issues due to countries and jurisdictions missing
- No predetermined tax mapping
- The need to have multiple accounts to be able to use A2X with different Amazon regions
- Some minor difficulty in setting up multi-currency payments
- Completed transactions are only imported as drafts in Xero
- Limited inventory management features
- Users need some background in accounting and tax to maximize the software
- Sales data is only updated when settlement reports become available
Our Final Take: Should You Get Fetcher for Amazon?
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