Ecommerce sellers have been asking, and today we’re delivering.
We’re thrilled to announce a fast and easy way to settle and sync Amazon deposits and costs with QuickBooks Online. Webgility 1-Click Accounting for Amazon is a new enhancement to our multi channel ecommerce software that allows sellers of all sizes to automatically post Amazon orders, refunds, expenses, and payments into accounting software. In doing so, this feature eliminates the need for any additional data entry or a separate clearing account.
Why does this matter so much to Amazon sellers? Because settling up properly is a key to making more money on the world’s largest marketplace. And since most Amazon sellers operate with wire-thin margins, they need to have more visibility into sales, fees, and returns in order to turn a profit. Amazon sellers also need detailed information in their trend reports, in a much more granular fashion than they can get from Amazon. Webgility provides Amazon sellers accounting software with automation, data analytics, and business insights to help them reduce data entry costs, improve margins, and drive higher ROI on Amazon.
Because the Amazon Settlement Report contains settled, unsettled orders, and refunds from previous sales cycles and is only delivered by Amazon every two weeks, it’s difficult for sellers to reconcile their accounts between reports. This forces the creation (and maintenance) of a separate clearing account for Amazon sales that come in during that period. Webgility 1-Click Accounting allows sellers to instantly—and automatically—settle in accounting all in one batch once they receive their Amazon Settlement Report.
Webgility makes reconciliation easy for both sellers and their accountants. With Webgility 1-Click Accounting, Amazon sellers can now see a complete list of orders from the current settlement period, whether they’ve received payment from Amazon, and what Amazon has charged them in fees and expenses.
With Webgility 1-Click Accounting for Amazon, sellers can:
- Automatically post Amazon orders, refunds, expenses, and payments as a batch directly into QuickBooks
- Instantly reconcile the seller’s accounting with their Amazon Settlement Report with no additional data entry
- Sync Amazon sales and refunds daily—individually or as a batch
- Track Amazon fees/expenses as separate transactions or records them as one line item
- Sync historic data from Amazon Settlement Reports going back 120 days
For an even deeper dive into this new feature, don’t miss this recording of our webinar: Mission Possible—Easy Amazon Reconciliation.