What is Amazon to Accounting?
A2X automates e-commerce accounting for Amazon sellers and Shopify stores worldwide. A2X is trusted by hundreds of leading e-commerce accounting firms and for good reason. A2X has been developed hand in hand with e-commerce accountants to exacting standards. While A2X is ideal for accounting firms and e-commerce bookkeepers, it is also available for e-commerce businesses to subscribe directly. We asked them 8 questions, as a part of our “What Is” blog series, to learn more about their app and their company.
What is your App’s name, what do you do, & when did your company start?
Our App is A2X, built to support Amazon Marketplaces and Shopify Stores. Users can subscribe to A2X for Amazon, A2X for Shopify or both!
A2X for Amazon posts Amazon sales and fees to QuickBooks simply and automatically and reconciles to settlement deposits. Supporting Amazon marketplaces worldwide. A2X will save you hours of reconciling Amazon settlements each month. Eliminate Amazon spreadsheet accounting, which is error-prone and time-consuming. Never waste another minute manually pulling out fees, refunds and adjustment into QuickBooks.
A2X for Shopify posts Shopify store sales automatically to QuickBooks and reconciles your payouts so that you know everything has been accounted for correctly. Never waste another minute manually reconciling your Shopify payouts and figuring out fees, refunds or adjustments. A2X automates that manual process, transforming what took hours into a few seconds. A2X takes out the guesswork and gives you full visibility of your Shopify e-commerce sales and costs.
In 2008 founders, Paul Grey and Ashley Schroder were struggling with their Amazon accounting. They worked out what was involved in proper accrual accounting for Amazon transactions. In 2010, this process was automated for their own Amazon business. In 2014, they realised if they were having this problem, millions of others would be experiencing the same difficulties. In 2015 their solution was redeveloped to be a professional-quality software product and launched it as A2X. Over the past 5 years, A2X has helped thousands of e-commerce businesses with their accounting. In 2019, after much anticipation and rigorous testing A2X launched the same reliable accounting solution for Shopify Stores. Using the expertise the A2X team has acquired over the past 10 years and with the help of accounting partners, A2X continues to develop both A2X for Amazon and A2X for Shopify to ensure all users are receiving the most valuable solution on the market.
What was the main problem you were trying to solve when you first developed A2X?
A2X was developed to provide e-commerce businesses with fast, accurate, automated and reliable accounting.
For anyone that has tried Amazon Accounting manually will understand the difficulties involved and just how time-consuming it can be only to get ‘round-about’ figures. At A2X we believe accurate financials should be available to every ecommerce business. This is why A2X is available for small sellers right up to the largest online businesses.
Amazon Settlement statements can include 100’s of different transactions, occurring in different time periods and multiple locations around the world. Amazon and Shopify pay its sellers in lump sums net of fees. Making it near impossible for accurate accrual accounting. Accurate financials are important so business owners have a picture of their businesses health and can make informed decisions from these numbers. There are only finite hours of the day and when trying to grow a business, owners do not want to be tied down trying to make sense of their numbers.
What companies (or users) are the best fit for A2X?
A2X is the perfect fit for Shopify Store owners and Amazon Marketplace Sellers, no matter the size of their business. A2X is also the perfect tool for bookkeepers and accountants who have e-commerce clients.
Accountants have used A2X to specialise in the e-commerce sector. A2X takes something very complicated and makes it simple.
As we see more and more retailers go online, A2X is an essential tool for these businesses.
Tell us about your users’ top 3 favorite features or benefits of A2X.
Save time – Users claim, what use to take hours is now done in minutes.
Accurate – A2X takes out all the guesswork, providing users with numbers they can trust.
Financial History – Businesses can use A2X to build a completely new, accurate set of books. A2X will load settlement and payout history dating back years.
Tell us about your company’s culture and leadership.
The culture at A2X is fueled by a passion for helping and simplifying accounting for e-commerce businesses and their accountants. Every team member at A2X fully believes in what they are doing. When you are solving real problems for businesses and understanding their needs, it is very rewarding. Although A2X was established in 2014, we have managed to keep a ‘Start-Up’ culture. We value creative problem solving, open communication and growing and nurturing relationships. All our departments are integrated in some way, everyone is valued equally and we all share hats. These values are very important to A2X as we believe this enables us to constantly evolve with our user base and Partners.
How is A2X different from your competitors?
A2X has been built with a thorough understanding of accounting. Our developers are constantly working on A2X’s offerings to ensure it is bringing value to our users. We listen to what our Partners and Users need and deliver on this. Customer success is a top priority for A2X, A2X has team members all around the world, providing users with a market-leading understanding of ecommerce accounting 24/7.
What is the pricing for A2X?
A2X is available for all business sizes. Starting from $19 USD for small business and scales up for the largest of sellers. See pricing page here.
A2X Accounting and Bookkeepers Partner Program.
Join the A2X Accounting Partner Program. Receive access to priority support and exclusive Marketing opportunities. Enjoy an introduction to A2X training and learn e-commerce accounting best practice from expert advisors.
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