The Benefits of A2X Accounting for Business Owners

The Benefits of A2X Accounting for Business Owners

If you are serious about ecommerce then you need to take a look at A2X – an ecommerce accounting tool which can connect to QuickBooks Online.

With A2X, it’s easier to make sense of your Amazon, Shopify, Walmart, eBay and Etsy financials. It helps you visualize both your sales and the fees you are incurring for your sales. A2X helps you have confidence in your accounting to make better decisions and manage your finances even if you use multiple platforms to sell your products. The clarity and simplicity provided by A2X is second to none and that is why we recommend its use for our ecommerce clients. Here’s what you should know about A2X and how it can benefit your business.

Use on Multiple Platforms

A2X can be a valuable tool on a single selling platform or can help simplify your financial information across today’s most popular ecommerce platforms including Amazon, Shopify, eBay, Etsy, and Walmart.

Settle Accounts Automatically

Your income and expenses are automatically settled, and correlated with your payouts, reconciling your accounts. You (or your bookkeeper) will no longer have to make manual calculations to understand your bank deposits. Through A2X, you’ll clearly understand your sales in a given time period, which can be daily, weekly, or monthly.  

Connects to QuickBooks Online 

A2X automatically connects to QuickBooks Online, to which it posts your income and expenses. That includes what you’re charged by the merchant (including Amazon fees and warehouse costs). This reporting saves you hours in transferring data over to QuickBooks Online and ensures that the data is accurate.   

Simplify Volume-Heavy Sales

When you sell in high volumes it is easy to get lost in the itemized lines and lose the full picture of what is going on with your business. A2X automatically simplifies these transactions, not showing you every line item, but totals that help you get a real sense of how money is moving through your business. 

Know What Amazon Owes You 

Amazon and some other retailers may withhold funds, particularly from small businesses and particularly if you have received a customer complaint or had an unusual transaction. It can be frustrating to keep track of what Amazon still owes you, but not with A2X. It automatically shows you what Amazon still needs to pay you. 

Compare Your Performance 

A2X will split up your transactions by month, even if your settlement statement includes transactions from two months. This way you can evaluate your business’ month-by-month and year-over-year performance. This leads to valuable insights about how your business is doing right now. 

Make Better Decisions 

With all of this critical information accounted for and easily visible, you’ll be able to see how your sales compare to your fees, how your business is performing, and much more. You should be able to draw inferences about how your business can be improved, or we can help you with that at AIS Solutions. 

Reach out to us at AIS Solutions to discuss A2X accounting and whether it is a useful tool for your ecommerce business. 

Contact us now for a no obligation consultation.