Accounting Just Got Easier for Amazon Sellers on Xero
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TLDR
Just click once to settle your accounting!
Making sense of fees and other costs can be a frustrating experience for Amazon sellers. Now a new enhancement to Webgility simplifies things with amazon sellers accounting software for Xero users who sell on Amazon. With Webgility 1-Click Accounting, it’s now fast and easy for sellers to post Amazon Marketplace orders, refunds, expenses, and payments into Xero.
In fact, Webgility users can now swiftly reconcile their Xero accounting with their Amazon Settlement Report, eliminating the need for any additional data entry or a separate clearing account. Webgility a multi channel selling software automatically syncs the Amazon Settlement Report with Xero, making batch reconciliation easy for both sellers and accountants. “Managing a business’ finances from a central dashboard is a far more beautiful experience,” says Steven Larsen, Product Partnerships Director at Xero.Click once to settle! Accounting just got easier for @Amazon sellers who use @Xero #Webgility Click To Tweet
Xero offers an open app ecosystem that gives users an opportunity to select technology that best suits their needs as their company grows. Webgility quickbooks ecommerce integration with Xero enables small business owners and their advisors to track sales and automate accounting across online marketplaces and ecommerce tools.”
By streamlining inventory, invoicing, and payments, companies have more time to focus on growing their business and increasing revenue. “With 1-Click Accounting, we’re revolutionizing the way Amazon sellers run their business,” says Parag Mamnani, founder and CEO, Webgility. “Making sense of Amazon costs can be dizzying and sellers spend countless hours on data entry and bookkeeping. Webgility for Xero saves Amazon sellers hours each day, gives them powerful insights, allows them to improve their margins, and transforms their ecommerce operations.”
Webgility 1-Click Accounting
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- Automatically posts Amazon orders, refunds, expenses, and payments directly into Xero
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- Instantly reconciles the seller’s accounting with their Amazon Settlement Report with no additional data entry
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- Syncs Amazon sales and refunds daily as a batch
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- Tracks Amazon fees/expenses as separate transactions or records them as one line item
- Syncs historic data from Amazon Settlement Reports going back 120 days
Scores of Other Integrations
With Webgility and Xero, online merchants can automate their operations by integrating with a broad assortment of other ecommerce cloud technology vendors, including:
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- Platforms and marketplaces such as eBay, Etsy, BigCommerce, Shopify, Magento, and Amazon
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- Payment processors, including PayPal, Stripe, Shopify Payments, and Square
- Shippers like FedEx, UPS, Endicia, Stamps.com, ShippingEasy, and ShipStation
Learn more about how Webgility and Xero help your business’ ROI.
Frequently Asked Questions (FAQs)
How does Webgility 1-Click Accounting reconcile with Amazon Settlement Reports?
Webgility automatically syncs your Amazon Settlement Report directly with Xero, matching orders, refunds, and fees without requiring manual data entry or a separate clearing account. The system batches daily sales and refunds for streamlined reconciliation.
Can I track Amazon fees separately in Xero?
Yes. Webgility gives you flexibility to either track Amazon fees and expenses as separate individual transactions or consolidate them as a single line item, depending on how granular you want your expense reporting.
How far back can Webgility sync my Amazon sales data?
Webgility can sync historic data from Amazon Settlement Reports going back up to 120 days, allowing you to backfill your Xero accounting records.
Does Webgility work with other marketplaces and payment processors besides Amazon?
Yes. Webgility integrates with platforms like eBay, Etsy, Shopify, BigCommerce, and Magento, payment processors including PayPal, Stripe, and Square, and shipping carriers like FedEx, UPS, and ShipStation.
Yvette Zhou is a Group Product Manager at Webgility, passionate about SaaS, fintech, and ecommerce innovation and product development.
Yvette Zhou