We’ve made you ‘App Aware’ about A2X in the past, first when they initially launched for Amazon, and then a few years ago when they came out with a version that was designed to work with Shopify. When I wrote those earlier reviews, I was impressed by the fact that A2X gave users the ability to configure exactly how each transaction type should be posted in terms of the accounts and taxes to be reported within your finances. A2X also lets you decide how you wanted your data summarized; you could summarize your sales by product type, product SKU, by group of sales, all sales together, or even sales by country if you were selling ‘all around the world.’
Those early A2X products were pretty sophisticated because they were ‘eCommerce platform-specific.’ In other words, A2X builds each App to work with a specific eCommerce platform. When a Developer does that it means that ‘the team’ working on that App is focused solely on that project and strives to get everything perfect for ‘that App’ because they aren’t worried about any other platform variations. If you only need your App to be specific for one platform then you get the benefit of singular focus and you are more likely to get things 'perfect'.
Well, A2X has continued building eCommerce Apps along this line of thought and they have recently released a couple of new versions, one of them is A2X for eBay which is exclusively for eBay as the name would imply, and the other is A2X for Walmart which of course is for Walmart eCommerce. In today's APP Aware I'm going to look at A2X for eBay, but I will be making you 'App Aware' of A2X for Walmart in the soon to be future.
A2X for eBay
A2X for eBay eliminates the hours of wasted time spent trying to reconcile your bank’s deposits against all of your eBay sales, returns, adjustments, and fees. A2X for eBay summarizes your eBay data exactly the way it should be to perfectly match your bank feed transactions so that everything in your Accounting system is in balance. Speaking of Accounting systems A2X for eBay works with either QuickBooks Online or Xero.
Source: A2x
A2X-for-eBay_flow
A2X for eBay is easy to set-up and easy to use and that’s exactly why you want an App like this, you are trying to solve the headaches of reconciling between what eBay is reporting and what is being posted into your Accounting from your bank feeds. So, let’s take a look at the six steps to set-up and use A2X for eBay:
Step 1 - Setting up A2X begins with a free trial, no credit card required. You can try the App now using easy to follow setup instructions. Then after your trial, if A2X is right for you, choose your subscription plan.
Source: A2X
A2X_sign-up
Step 2 - Simply connect A2X to your eBay account using the easy-to-follow instructions. A2X integrates with your eBay store as a read-only App so it won’t change any of your store data.
Source: A2X
A2X_Connect-to-eBay
Step 3 - Now connect A2X to your Accounting system.
Source: A2X
A2X_Connect-to-Accounting
A2X won’t post any data to your accounting until you give it the go-ahead.
Step 4 - Customize how you want A2X to post your eBay sales and fees into your accounting.
Source: Adapted from A2X content, with permission.
A2X-for-eBay_create-accounting
You will have the option to access your Chart of Accounts and select the accounts you want to use, or you can let A2X create accounts specific to eBay transactions in your accounting system.
Step 5 - A2X will begin to retrieve your eBay transactions and load them into the A2X dashboard1. Within A2X they are grouped to match your received payouts (like the example shown at the top of the next page).
Source: A2X
A2X-for-eBay_payout-ready-to-post
Step 6 - A2X makes it easy to reconcile your accounting. Each journal entry posted from A2X into your Accounting system is a summary of eBay transactions (like the one shown below). They will match up perfectly with your bank transactions from bank feeds.
Source: A2X
A2X-for-eBay-matching-entry-in-QB
Once you are set-up it’s a breeze. A2X for eBay will categorize all your transactions and send them over to your Accounting system just the way you want them, no more headaches trying to match your eBay managed payments with your bank feeds transactions. And you won’t outgrow A2X for eBay, it can handle as many transactions as you throw at it. So even if you start with a little eBay business and grow into a mega-eBay giant, A2X will continue to chug-along plugging your transactional summaries into your Accounting each one accurate down to the penny.
After more than 10 years of supporting the eCommerce industry A2X is not only recognized as an industry leader in eCommerce accounting technology trusted by thousands of merchants and accountants around the world, but they are now becoming a preferred solution for merchants using eBay and the accountants who support them. If you are struggling with trying to balance your eBay managed payments records against your Accounting Solution’s bank feeds, now is the perfect time to give A2X for eBay a ‘free trial’. Or head over to the A2X for eBay website for more details including your pricing options. And if you are really just getting started in eCommerce and not certain about the steps you need to take, head over to the A2X eCommerce Accounting Hub webpage for a wealth of information.
Footnotes & Disclosures:
1 - If you are on a free trial rather than a paid subscription, A2X will retrieve your first 5-10 eBay transactions and load them into the A2X dashboard. These will be classed as 'trial settlements' and you will be able to review, send, refresh or export them to test the A2X functionality. When you subscribe to a plan, you will gain access to all your eBay transactions A2X has retrieved and A2X will begin retrieving more transactions automatically as they become available.
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