Name: How to input cost prices in A2X
Uploaded: 2020-07-17T04:49:21.000Z
Duration: 8 min 32 s
Description: How to input cost prices in A2X

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### Sales and Revenue Tracking
Users generally praise A2X for its efficient handling of sales transactions and revenue tracking across multiple platforms like Amazon and Shopify. The software's ability to automate the import of sales data, categorize revenue streams, and reconcile payouts accurately has garnered positive feedback from users. While some users have highlighted minor issues such as occasional missing payouts or the need for improved account mapping, overall, A2X is recognized for streamlining the accounting process and saving time for businesses selling on various e-commerce channels.

### Inventory Management
User consensus seems to be that A2X's inventory and COGS tracking capabilities receive mixed reviews. While some users appreciate the ease of tracking inventory and costs, others express concerns about the basic nature of the Cost of Goods feature and the need for improvements, especially when dealing with changing costs. The ability to automate inventory and COGS transactions across various e-commerce platforms like Amazon and Shopify is highlighted as a time-saving benefit. However, some users find inventory tracking complicated, particularly when dealing with a high number of products and variants. Despite the convenience of consolidating sales data and SKU tracking, there are suggestions for enhancements such as including stock tracking integration and simplifying controls for sending COGS and revenue.

### Time and Cost Efficiency
User satisfaction with A2X's time-saving and cost-effective features is evident in the reviews provided. Customers consistently praise the platform for its ability to streamline bookkeeping tasks, automate data entry, and save significant hours on accounting processes. The consensus among users is that A2X effectively reduces manual work, enhances accuracy in financial tracking, and ultimately contributes to cost savings for businesses. Despite some minor concerns about pricing, the overall sentiment leans heavily towards the positive impact of A2X's time and cost efficiency capabilities on e-commerce operations.

### Accounting Automation
Users generally praise A2X for its efficient accounting automation capabilities. They appreciate how the software streamlines the process of importing and reconciling financial data from platforms like Amazon and Shopify with accounting software such as QuickBooks Online and Xero. While some users find the initial setup challenging and mention occasional disruptions in syncing with accounting software, the overall consensus is that A2X significantly reduces manual data entry, minimizes errors, and saves time in managing journal entries and reconciliations. Users recommend A2X for its ability to automate and simplify accounting tasks effectively.

### Payment and Payout Reconciliation
Users consistently highlight A2X's ability to streamline payment and payout reconciliation processes, emphasizing the accuracy and time-saving benefits it provides. While some users appreciate the detailed reports and automated syncing with accounting software, others express minor concerns about the need for more clarity on certain transactions. However, overall, A2X is praised for simplifying the complex task of reconciling payments and deposits, making it a valuable tool for efficient financial management.

### Tax Compliance and VAT Handling
Users consistently highlight A2X's tax compliance and VAT handling as key strengths of the platform. They appreciate the ease with which the software accurately captures and calculates taxes and fees, streamlining the reconciliation process. While some users initially faced challenges with setup and understanding different VAT jurisdictions, they found that A2X ultimately simplified their VAT accounting and reporting. The software's ability to automate tax calculations and integrate seamlessly with accounting platforms like Xero and Quickbooks is widely commended, saving users significant time and effort in managing their tax obligations.

### Ecommerce Integration
Users consistently highlight A2X's ability to effortlessly connect their Shopify stores and Amazon Seller Central data to accounting systems like Xero and QuickBooks. The platform's intuitive integration process and reliable syncing capabilities have garnered praise for streamlining financial workflows. Customers appreciate the ease of setting up and managing the integration, emphasizing the convenience of having their sales data automatically imported and reconciled with precision. A2X's support team also receives accolades for their prompt assistance in resolving any integration-related queries, further enhancing the overall user experience.

### Multi-Channel Ecommerce
Users consistently praise A2X for streamlining ecommerce accounting across platforms like Amazon, Shopify, and Walmart. The general sentiment is that A2X excels in simplifying the process of integrating data from multiple channels into accounting software, making it easier for ecommerce businesses to manage their finances efficiently. Customers appreciate the ease of use and the time-saving benefits that come with A2X's multi-channel ecommerce capabilities. The ability to connect to various platforms like Amazon, eBay, and Shopify is highlighted as a significant advantage, allowing for a more comprehensive view of sales and expenses.

### Marketplace Integration
Users are consistently praising A2X for its streamlined approach to Amazon FBA bookkeeping, specifically highlighting the platform's marketplace integration capabilities. The general sentiment is that A2X effectively automates accounting processes related to Amazon FBA, making it easier for sellers to manage their finances. Customers appreciate the time-saving aspect of A2X's marketplace integration, noting that it simplifies the tracking of payments and eliminates the need for manual adjustments. The overall consensus is that A2X's marketplace integration functionality is a valuable asset for Amazon FBA businesses looking to enhance their accounting efficiency.

### Customer and Client Management
Users consistently highlight A2X's customer and client management as a standout feature, emphasizing the platform's ability to provide timely and effective support to address any issues that may arise. The general sentiment is that A2X's customer service team is responsive, knowledgeable, and goes above and beyond to assist clients in navigating the software and resolving any challenges they encounter. Clients appreciate the ease of communication with the support team, noting that their interactions have been beneficial and have contributed to a positive overall experience with the platform.

### Support and Customer Service
User feedback on A2X's support and customer service features varies, with some praising the platform's assistance and others highlighting areas for improvement. While many users appreciate the prompt and detailed responses from the support team, some have expressed concerns about the speed of replies and the need for more comprehensive assistance. The general consensus is that A2X's customer support is beneficial and responsive, with room for enhancement in terms of faster response times and more in-depth guidance for complex issues.

### Setup and Usability
User consensus seems to be that setup and usability are strong points of A2X. Reviewers appreciate the ease of setting up the platform and integrating it with various accounting systems like Xero and QuickBooks. The simplicity of the setup process is highlighted, with users mentioning that once the initial setup is completed, A2X efficiently handles the rest, saving time and streamlining accounting tasks. While some users found certain aspects of the setup process slightly challenging, the overall sentiment leans towards A2X being user-friendly and straightforward to use. Additionally, the availability of customer support to assist with any setup difficulties is noted as a positive aspect by reviewers.

### Reporting and Analytics
Users consistently praise A2X for its efficient handling of reports and analytics. They appreciate the ease with which the platform translates and summarizes complex data from Amazon into formats compatible with accounting software like QuickBooks and Xero. Many users highlight the time-saving aspect of A2X, noting that it eliminates the need for manual review of confusing reports, allowing them to focus on financial analysis instead. The accuracy and reliability of the data provided by A2X are also frequently commended, with users expressing trust in the platform's ability to streamline their reporting processes effectively.

### Financial Management
Users generally praise A2X for its financial management capabilities, highlighting its ability to provide clear financial insights, streamline accounting processes, and facilitate informed business decisions. While some users express minor concerns about specific functionalities such as foreign currency matching and account mapping, overall, A2X is commended for its efficiency in integrating financial data from platforms like Amazon and Shopify into accounting software like QuickBooks and Xero. The platform's granular data analysis and automation features are particularly valued by users for enhancing financial transparency and facilitating accurate reporting.

A2X has proven to be an invaluable tool for e-commerce businesses, simplifying and streamlining their accounting processes. Users have praised the software for its ability to transfer data from Amazon to QuickBooks in a matter of seconds, saving them precious time and simplifying what was once a daunting task. The software also solves the challenge of reconciling Amazon transactions with payments, making the process much more efficient and less of a nightmare. A2X creates detailed reports that seamlessly import into QuickBooks, allowing bookkeepers to easily reconcile their accounts. 

One key problem that A2X addresses is the complexity of processing multiple transactions, especially when different VAT rates are involved within one transaction. This software provides users with up-to-date and accurate sales information in real-time, which is particularly beneficial for fast-growing e-commerce companies. By simplifying and uniting daily routines, A2X saves users valuable time and makes their accounting tasks more straightforward. Additionally, users have found that A2X helps them resolve issues with tracking COGS for inventory and reconciling customer sales across multiple platforms. The software's ability to match banking transactions in QuickBooks Online with payments from platforms like eBay has also been highly appreciated by users. Overall, A2X proves to be a valuable tool for tracking expenses, keeping e-commerce business finances in order, and delivering high value for a good price – as recommended by accounting professionals.

Cost-effective Option: Many users have found A2X to be a cost-effective solution that meets all their criteria and provides a good value for the price. This has made it a worthwhile investment for them, as it offers easy configuration and the flexibility to adjust costs and add new accounts as needed.

Seamless Data Integration: A significant number of reviewers have praised A2X for its seamless data integration from multiple Amazon seller marketplaces to Xero, which is a cloud accounting system. They appreciate how this feature saves them time and effort by automatically transferring data without any hassle.

Time-saving Automation: Users consistently highlight how A2X eliminates the need for manual data entry, accurately tracks data automatically, and saves them hours of work. The software's user-friendly interface allows users to easily see what has been sent to their accounting software, providing clarity and peace of mind.

Confusing Website Navigation: Some users have found the website navigation of A2X to be confusing and not intuitive enough. Several reviewers mentioned that they struggled to find certain features or navigate through different sections of the website, although this was not considered a major issue.

Challenging Setup Process with QuickBooks: The setup process with QuickBooks has been challenging for some users. They have expressed difficulty in determining which accounts to use and have noted that not all data matched during the setup. While this may require additional effort and time, it is important to note that these challenges were reported by a few users.

Pricey for Functionality Offered: A few users have mentioned that they find the software to be a bit pricey for its functionality. However, they did appreciate the time-saving aspect of A2X. It is worth noting that while there are some concerns regarding pricing, these comments were made by only a small number of reviewers.

A2X software posts Shopify, Amazon, Etsy, Walmart and eBay sales, and fees directly into QuickBooks, Xero, or Sage in summaries that match the payments to an associated bank account. Used by merchants and their accountants and bookkeepers (1,500+ reviews, average 4.9 / 5 stars), A2X addresses problemw with inaccurate ecommerce financials, applying automation to solve this problem across sales channels. Founded in 2014, A2X operates across APAC, EMEA & North America. It has processed over 700,000,000 orders and reconciled over 3,000,000 settlements for merchants around the globe.

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How A2X automates accounting - What does A2X do?

How A2X automates your accounting - What does A2X do?

We speak to e-commerce accounting experts and ask them how you can automate, reconcile and perfectly account for your Amazon FBA and Shopify sales down to the penny.

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- Tyler Jefcoat from Seller Accountant
- Michael J. Fleming from Sales Tax & More
- Kassity Polensky from The Amazon Accountants
- Britany Brown from Ledger Gurus
- Cyndi Thomason from bookskeep

Learn more at a2xaccounting.com

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A2X connects to Amazon and Xero and automatically imports your Amazon financial data.

Webinar: How to automate BigCommerce accounting with confidence

[WEBINAR] How to automate BigCommerce accounting with confidence

Is your BigCommerce accounting increasing in complexity the more you sell? Want better visibility into your profit margins without having to increase your admin burden?

In this webinar, we walked through how leading ecommerce businesses and their accounting partners use A2X to accurately automate their BigCommerce accounting in Quickbooks Online or Xero.

How to use A2X with QuickBooks Online for Amazon Seller Accounting

In this video we show you how A2X works with QuickBooks Online to make Amazon accounting easy. A2X works for both FBA or merchant-fulfilled sellers.

A2X connects to Amazon and QuickBooks Online and automatically imports your Amazon financial data.

How to input cost prices in A2X

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A2X

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