Bookkeeping for Amazon Seller,  Amazon marketplace is an e-commerce platform that is owned and operated by Amazon It enables third-party sellers to sell either new or used products on a fixed price online marketplace. Furthermore, depending upon the usage, the billing reports are created. The AWS Cost and Usage report give in-depth information about the use of AWS resources and the projected cost for the specific usage.

There are various applications that help in managing various business transactions that occur through Amazon. One of the state-of-the-art technologies can be managed by the automated accounting by A2x which gives a detailed insight into the sales, fees, cost of goods sold, and FBA inventory.

A major concern that many sellers often face is taxation as many of the sellers are unfamiliar with the various terms such as sales tax, VAT, nexus, etc. For a clear picture, there are two main types of taxes – 1) Income tax and 2) Sales tax also known as Value Added Tax (VAT) or Good and Services Tax (GST) in some countries.

A2X Software for Amazon Bookkeeping

Bookkeeping for Amazon Seller -The A2x software makes accounting work easier by automatically fetching the latest Amazon settlement transactions and then posts the summarized transactions to your accounting system.

Hence, giving an inclusive insight for every penny of the Amazon settlements.

Additionally, it also helps you save time in expanding your Amazon business as the software takes complete control of the accounting management.

The vital thing about software is its accuracy. Therefore, over 1000 Amazon sellers consider it a leading and trustworthy software.

You can prepare detailed reports for Amazon business through COGS per unit, live inventory report, and profitability report.

• The accounting for COGS allows you to administer your inventory by treating your product inventory as an asset until you sell the product. It also includes the procurement costs, production costs, taxes and duties, listing fees, and inventory storage fees and costs.
• The live inventory and comprehensive profitability report enable you to plan and adapt to the marketplace in a smarter and faster way. It gives an edge of advantage and helps make complex automation get easier.

This whole process may seem complicated. But with the use of the right software, the complete process can be in a proper system. Some of the best tools that can be used for the process are the A2x for account integration and Xero or Quickbooks for accounting. These are some of the best tools to make your financial accounting seamless and profitable.