Accounting Just Got Easier for Amazon Sellers on Xero

 Post navigation Accounting Just Got Easier for Amazon Sellers on XeroJust 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 Unify simplifies accounting 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, Unify 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 Unify 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 #Unify 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 Unify’s integration with Xero enables small business owners and their advisors to track sales and automate accounting across online marketplaces and ecommerce tools.” Continue reading

Carrier Rate Increases for 2017

Every January, following the rush—both of the adrenaline and time varieties—of the holiday season, carrier rates see a price hike. This year is no different and we’re thrilled to bring you the updates, thanks to our partner ShipStation. They’ve tackled each of the big three carriers in the United States.

UPS RATE INCREASES

  • Package Services, effective December 26, 2016
    • Expect UPS Ground services to increase by an average of 4.9%.
    • Expect UPS Air and International services to increase by an average of 4.9%.
    • If your package’s longest side is over 48 inches (formerly 60 inches), the Additional Handling charge will be added to UPS Air and International packages.
    • Come February 6, 2017, the fuel surcharge will be adjusted weekly.
    • Retail rates and SurePost rates will also be increasing on December 26. Click here to see the new retail rates and the additional handling surcharge will apply to SurePost starting January 8, 2017.
    • Click here to see how certain surcharges will be changing.

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Disruption Creates Opportunities

summary-posting-landing-pageA solid case for automation and the cloud, written by Rob Nixon

When I poll accountants as to what they do all day they tell me that circa 80% of their day is spent “checking and processing” data. That’s a lot of time (revenue) checking and processing! However, technology exists today that commoditizes compliance.

The global Accounting profession has revenues of approximately $500 billion. It employs nearly 6 million people and more than 80% of the revenue is made up of tax, compliance, and audit services. The revenue is mainly historical-based “redundant data” services.

Why So Much Checking and Processing?
The reason there is so much checking and processing going on is that there are humans and inefficient systems involved. Humans at your client site using archaic systems like hard drive accounting systems, spreadsheets, paper, and scanned documents. The humans are not accountants so they make mistakes, like entering the wrong number in the wrong box.

Because of this, when the client information comes to you, the first thing you do is check it. And check it. And check it. And check it some more. Then you process it. And process it. And process it. I’m exhausted just thinking about all these inefficiencies!
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