1. Automated Accounting:
A2X makes it easy to account for our Amazon sales. It provides an ‘automated accounting’ for Amazon Marketplace Sales, Fees, Costs of Goods Sold and FBA Inventory. A2X connects directly with your accounts on ‘QuickBooks’ and ‘Xero’. It can also easily connect online with any of the Amazon marketplaces and one of the best parts- it supports multiple currencies! It just takes a few minutes for the connection to establish. Thus challenging the otherwise ‘traditional import’ method that is far more tedious regarding Amazon Sales Transactions.
2. Certified Xero plug-in:
Being a certified ‘Xero Connected Application’, A2X plugin facilitates the import of all the Amazon Sales Transactions into Xero. It fetches your latest settlement and post-summarize transactions to your respective accounting system with the help of an automated tool. This functionality makes A2X plugin a handy resource for Amazon for easy Marketplace Accounting.
3. Manages settlements:
For creating a new settlement file, A2X automatically checks for new Amazon settlements every day. Then, imports it and collates the data, from which, it generates condensed information that comprises revenue, expenses and other transactions like sales, fees, reimbursements, and commissions. The summary that A2X sends to your accounting system will reconcile against the bank deposit from Amazon. In addition, A2X also imports settlement history from Amazon to check on your finances. Thus, it saves time and provides accurate, reconciled accounting data.
4. Keeps an eye on all accounts:
A2X also keeps a tab on the accounts that have been assigned to it and the taxes that have been levied on the respective amounts. Then it saves these details in Xero online accounts as drafts for future references.
5. Manages invoices with the bank feed:
Xero approves the invoices Amazon settlement generates. Then, one can simultaneously match it with the bank feed to provide an accurate and hassle-free financials.
6. Data encryption:
In order to deliver a safe, reliable and accurate and reconciled data, with respect to Amazon financials, storage of data in proper hands is essential. Hence, Google cloud provides this service. So, to connect with A2X, you just need to connect either via Google Apps account or a Gmail account to have a secured and encrypted connection to A2X.
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