A common struggle for e-commerce sellers using Amazon and/or Shopify lies in how to get the information from your Amazon and/or Shopify account into QuickBooks Online. There is, of course, an option to manually enter the information, but that can easily lead to errors, and even when done perfectly, would take a lot of time and effort. Streamlining your numbers and getting them into your financial software with an app integration can save you a TON of time and effort. In this blog post, I want to share my recommended tool for seamlessly integrating QuickBooks Online with Amazon and Shopify – A2X.
Watch my insider’s video tour of A2X – QBO integration with Amazon and Shopify:
What is A2X?
If you’re not familiar with A2X, it’s an integration tool that seamlessly brings over data from Amazon and Shopify into QuickBooks Online. The reason I love A2X so much is that it doesn’t do a data dump into QuickBooks, it actually brings in summarized transactions. This is fantastic because we don’t need all that detail in QuickBooks.
Why is A2X great?
As I mentioned above, A2X brings in summarized numbers rather than dumping a big pile of raw data into QuickBooks. That keeps your books clean and doesn’t give you all kinds of detail you really don’t need. It also makes it much easier to reconcile your numbers.
Many e-commerce sellers who DIY their bookkeeping have trouble matching their sales and settlement reports to their bank information. This happened because the bank reflects the net amount deposited (after fees), and the numbers from Amazon and Shopify show gross totals (before fees). A2X breaks the numbers down so you can map fees to the appropriate accounts and net income will match what you actually got paid from the marketplace.
Depending on how you want to track your sales, you can set A2X to bring over all your sales numbers together or to break them down by SKU, product categories, or even by the location of the buyer. This is great if you want to get a deeper understanding of where you’re making the most profit and where you have the most potential to grow. However you set it up, you can choose to enable auto posting payouts in A2X so there’s no need to manually import your data. Just be sure the accounts are mapped correctly first (you may need the help of an expert who specializes in e-commerce).
Here’s how it works
A2X lets you automate so much of the process while still giving you control over how your numbers come in. It’s a huge timesaver and surprisingly simple once you’ve set it up correctly. To see how it all works and what A2X looks like on the inside, take a few minutes to check out my video tour of A2X.
Closing
I hope this overview of integrating QuickBooks Online with Amazon and Shopify using A2X helps you discover the possibilities of what a streamlined integration with QuickBooks Online can do for you. If you would like to sign up with A2X, feel free to use my affliliate link here, which will give you 20% off your first 6 months with A2X, when you enter the coupon code: 6MON20_VW at checkout.
What are your biggest struggles when it comes to tracking Amazon and Shopify transactions in QuickBooks Online? Let me know in the comments so I can create more helpful content around the real issues you’re facing with Amazon and Shopify accounting.