Introducing A2X for Amazon Sellers
The great things about doing business in the global digital age are accessibility, flexibility, and options. The expectation in the past was to go into a corporate or labour environment, work for 30 years, and retire. Thanks to the Internet, entrepreneurs are carving their own paths, setting their own hours, and selling their goods around the world.
Facilitating this, to a great degree, is Amazon.
There is an entire industry built around drop shipping (reselling) – the practice of purchasing goods in bulk and selling them on sites like Amazon. However, companies with established brick-and-mortar businesses can also use Amazon to sell products to a wider audience. There’s no doubt that Amazon is a game changer for retailers, but there can be some confusion around the dollars and cents when it comes to international selling on an online platform.
That’s where AF Accounting comes in. If you are a Canadian-based company selling on Amazon, we will help by setting you up with A2X software.
What is A2X and how Does it Work with Amazon?
A2X is a cloud-based Amazon settling accounting software application that is compatible with Intuit QuickBooks and Xero. After a customer makes a purchase from your Amazon site, A2X finds it and breaks it down into the data you need: summary of revenue, expenses, etc. A2X also generates invoices and journal entries that you can easily import into other applications.
The software is very customizable and configurable by sales, SKU, product type, or even geographical location.
A2X also helps sellers track inventory levels, calculates the value of in-stock inventory, reports on gross margins for each sale, and more.
Data security for A2X is high. The application uses a Let’s Encrypt SSL certificate; this encrypts and secures seller’s data when the A2X connection is used. The software also utilizes Google Accounts for an added layer of security; users with a pre-existing Google account can sign in using their Gmail address. Finally, A2X also maintains ISO 27017 and ISO 27018 security standards and audits. These three levels of security ensure your data is extremely secure.
A2X has glowing user reviews. The software has also been named a QuickBooks App showdown finalist in Intuit’s global app competition. QuickBooks users have widely rated A2X 5 out of 5.
How AF Accounting can Help
We are an accounting firm that specializes in helping Canadian entrepreneurs with their bookkeeping, taxes, and other accounting needs. Whether you need one-time advice or ongoing accounting management, AF Accounting can help. Last year we obtained Gold Partner status with Xero for our ability to recognize and help clients implement top-of-the-line cloud-based software. Now, we are also working with A2X to help Canadian entrepreneurs that sell on Amazon take their businesses to the next level.
We are thrilled to offer A2X to our Amazon retail clients and prospective clients. AF Accounting will help you set up, learn, and manage the software. For existing clients, we can migrate your account to A2X to efficiently track your company’s Amazon sales. Contact us today to learn more about A2X and the other services we offer.
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