The rapid growth of ecommerce has resulted in an increased need for businesses and their accountants to manage their financial transactions accurately and efficiently. A key aspect of managing an ecommerce business is bookkeeping, which involves recording and organizing financial transactions such as sales, expenses, taxes, and refunds. However, managing ecommerce bookkeeping can be a complex and time-consuming task, especially for businesses operating on multiple platforms.
A2X, an automated ecommerce accounting tool, offers a solution for businesses looking to simplify their bookkeeping process. This article will provide an in-depth overview of A2X’s key features, ecommerce integrations, and the benefits it offers to businesses and their accountants.
What is A2X?
A2X is an automated ecommerce accounting solution designed to help businesses and their accountants manage their financial transactions with ease. The software works by transforming uncategorized transactions from various ecommerce platforms into organized summaries that can be easily reconciled with accounting software like QuickBooks or Xero.
Trusted by over 12,000 ecommerce businesses, A2X supports a range of platforms, including Amazon, Shopify, eBay, Etsy, Walmart, and BigCommerce. By automating the bookkeeping process, A2X helps businesses save time, reduce errors, and make better-informed decisions based on accurate financial data.
A2X Key Features
A2X offers a range of features and tools designed to simplify the ecommerce bookkeeping process. These include:
1. Ecommerce accounting in minutes
A2X automatically categorizes and summarizes sales, fees, taxes, and other financial transactions, matching them to deposits made in QuickBooks or Xero. This speeds up the accounting process and eliminates the need for manual data entry, saving businesses time and reducing the risk of errors.
2. Making tax time less taxing
With A2X, businesses can assign rules to every transaction type, whether taxable or non-taxable, and for each country they operate in. This ensures that their tax accounting is accurate and compliant with local regulations, making tax time less stressful and more efficient.
3. Detailed financial reporting
A2X provides businesses with detailed financial reports, helping them keep track of profit margins, cost of goods sold (COGS), channel performance, and other key financial metrics. This allows businesses to make data-driven decisions and better understand their financial performance.
A2X integrates seamlessly with various sales channels, including Amazon, Shopify, eBay, Etsy, Walmart, and BigCommerce. This allows businesses to easily manage their financial transactions across multiple platforms, ensuring that their bookkeeping remains accurate and up-to-date.
In addition to its ecommerce platform integrations, A2X also connects with popular accounting software like QuickBooks and Xero, making it easy for businesses and their accountants to reconcile their financial data.
Technology You Can Trust
A2X uses advanced technology and accounting best practices to ensure that businesses have access to accurate and reliable financial data. Key aspects of A2X’s technology include:
A. Accurate numbers at your fingertips
A2X processes millions of transactions every month, ensuring that businesses have access to accurate and up-to-date financial information. The software is also trusted by leading ecommerce accounting professionals, further demonstrating its reliability.
B. Connection with expert accountants and bookkeepers
A2X connects businesses with the largest network of certified ecommerce accountants and bookkeepers in the world. This allows businesses to access expert advice and support, ensuring that their bookkeeping remains accurate and compliant.
C. Global experience, local support
A2X’s team has extensive experience in ecommerce accounting and is available in every time zone, ensuring that businesses can access local support whenever they need it.
Benefits of Using A2X
Using A2X for ecommerce bookkeeping offers a range of benefits to businesses and their accountants, including:
Time savings: By automating the bookkeeping process, A2X allows businesses to save time on manual data entry and reconciliation, freeing up resources for other important tasks.
Reduced errors: A2X’s automated system reduces the risk of errors, ensuring that businesses have access to accurate financial data.
Improved decision-making: With access to detailed financial reports, businesses can make data-driven decisions and better understand their financial performance.
Simplified tax accounting: A2X makes tax time less stressful by ensuring that businesses’ tax accounting is accurate and compliant with local regulations.
Seamless integration: A2X integrates with a range of ecommerce platforms and accounting software, allowing businesses to manage their financial transactions across multiple channels with ease.
A2X offers a range of pricing plans to suit businesses of all sizes. Pricing starts at $19 per month for the basic plan, which includes support for one ecommerce platform and up to 1,000 orders per month. Additional plans are available for businesses with higher order volumes or multiple ecommerce platforms, with pricing ranging up to $139 per month for the advanced plan.
A2X also offers a free 30-day trial, allowing businesses to test the software before committing to a paid plan. Discounts are available for businesses that choose to pay annually instead of monthly.
A2X has received numerous positive reviews from businesses and accountants alike. Users praise the software’s ease of use, time-saving capabilities, and seamless integrations with both ecommerce platforms and accounting software. Additionally, many users have highlighted the exceptional customer support provided by the A2X team.
However, some users have mentioned that the initial setup of A2X can be somewhat challenging, particularly when it comes to configuring tax rules and mapping transactions to the correct accounts in their accounting software. Despite this, most users report that the A2X support team is highly responsive and helpful in resolving any issues they encounter.
There are several alternative ecommerce bookkeeping tools available on the market, including:
QuickBooks Online: A popular cloud-based accounting software that offers invoicing, expense tracking, and reporting features. Pricing starts at $25 per month.
Xero: A cloud-based accounting software that provides invoicing, inventory management, and payroll features. Pricing starts at $20 per month.
FreshBooks: An online accounting and invoicing software that offers time tracking, expense management, and reporting features. Pricing starts at $15 per month.
Zoho Books: A cloud-based accounting software that provides invoicing, expense tracking, and inventory management features. Pricing starts at $9 per month.
While these alternatives offer various bookkeeping and accounting features, they may not provide the same level of ecommerce-specific functionality and integrations as A2X. Therefore, businesses that require a specialized ecommerce accounting solution may find A2X to be the best fit for their needs.
A2X is a powerful and user-friendly ecommerce accounting solution that offers a range of benefits to businesses and their accountants. Its key features, such as automated transaction categorization, seamless platform integrations, and detailed financial reporting, make it an attractive option for businesses looking to simplify their bookkeeping process.
While some users may find the initial setup of A2X to be challenging, the software’s responsive and knowledgeable support team is available to assist with any issues that arise. Overall, A2X is a valuable tool for businesses that want to save time, reduce errors, and gain better insights into their financial performance.
A2X offers a comprehensive suite of features, integrations, and benefits that make it an ideal solution for businesses and accountants looking to simplify their ecommerce bookkeeping. Its automated transaction categorization, seamless platform integrations, and detailed financial reporting provide users with accurate and up-to-date financial information, enabling them to make data-driven decisions.
While A2X may not be the best fit for every business, it is an excellent option for those that require a specialized ecommerce accounting solution. With its free trial and range of pricing plans, businesses can explore A2X and determine whether it meets their needs before committing to a paid plan. Furthermore, businesses should also consider alternative ecommerce bookkeeping tools, such as QuickBooks Online, Xero, FreshBooks, or Zoho Books, to ensure they find the best solution for their specific requirements.