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Webgility for Amazon: A Quick Look

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What is Webgility for Amazon?

Founded by Parag Mamnani in 2007, Webgilityis a cloud-based Amazon Seller Accounting Software platform that aims to provide powerful financial management solutions for every type of ecommerce business. Webgility aims to increase the profitability and cash flow visibility of Amazon sellers through efficient automation of processes such as the tracking of Amazon fees. Recognized as an eCommerce Software Leader by the highly popular software review platform G2 in its January 2021 Winter Report, Webgility is highly trusted by thousands of eCommerce businesses to process millions of orders and transactions monthly.

Let’s Talk Features

Webgility’s integration with Amazon and Quickbooks allows you to fully automate your accounting and bookkeeping processes.

Marketplace Coverage and General Features

Webgility fully integrates with Seller Central, Amazon FBA, Amazon Prime and covers the following marketplaces: Amazon US, Amazon EU, Amazon UK, Amazon MX, and Amazon CA.

The software also allows you to add multiple users with customized permissions and provides options for off-the-shelf and paid customizations that suit your preferences.

Webgility was built to handle and manage high volumes of data and has the capacity to record thousands of transactions on Amazon daily. It also has the “archive” and “summarize” features to minimize record volume, making your company file on QuickBooks smaller.

It also promises full automation and provides you with a scheduler that enables you to do real-time automated postings.

Integrations

Webgility has a robust integrations library and fully integrates with other accounting software, online stores, marketplaces, payment processors, point of sale applications, shipping and hosting services, sales forecasting software, customer relationship management solutions, and sales tax automation software.

Order and Purchase Management

Webgility automates the process of recording your Amazon orders. It can record journal entries as individual orders or as daily, weekly, monthly or settlement period summaries. It also records the most important order details such as customer name, shipping and billing address, discounts, promo codes, sales tax, method of shipping, promo codes, sales tax, payment method and other transaction details. The software also automatically creates sales receipts and invoices for you.

Moreover, after every sale you make on Amazon, Webgility automatically updates your inventory details on Quickbooks (if there is missing inventory, it will also automatically create an entry). You’ll also have access to useful Quickbooks features such as all currency options, class tracking, group items, assemblies, and bundle items. And it automatically creates credit memos against the original sale in the case of refunds or cancellations.

Webgility also makes restocking easier as it automates the process of creating purchase orders and emails to your vendors. The settings for generating purchase orders are fully configurable, and the process is good as fully automated.

Amazon Fees Recording

You can post the data from your Amazon Settlement Reports to Quickbooks and Webgility will track and record all of your Amazon-related fees, which are then recorded as a separate bill transaction. Webgility also makes granular profit tracking possible as it allows you to connect to shipping apps like ShippingEasy and Shipstation and pull in your shipping costs.

Inventory Management, Pricing Manager and Amazon Listing Software

Webgility keeps your inventory levels updated as it tracks down every sale and returns. Your inventory levels are updated automatically when stock is added to your Quickbooks. It can sync items with variations and track multiple inventory sites. Webgility also gives you access to advanced inventory tools to fully automate your inventory workflows and sales order fulfillment processes as it works with the Quickbooks Enterprise Advanced Inventory module.

You can manage your pricing, and price changes made in Quickbooks, as well as set automated pricing rules are reflected on all your marketplaces in real-time.

Webgility is also an Amazon Listing Software solution and enables you to quickly and easily publish product listings (including images and other product details) created on Quickbooks on Amazon, and vice-versa. It also allows you to save time in listing creation through its bulk export feature.

Reporting

Webgility provides you a summary of the operational transactions of your Amazon business to ensure your full awareness of how each marketplace you sell in is performing. It breaks down the data into easily digestible chunks and shows you important information such as profit and loss by order, product, region, customer, and many more.

Sales Tax Compliance

Webgility helps ensure that you are fully compliant with sales tax. Whether it’s for single or multiple tax jurisdictions, it is able to add in the correct sales tax to specific products on your Quickbooks, enabling you to make accurate sales tax filings. It fully integrates with the Amazon Tax software solution Avalara, which validates advanced sales tax rates and automates filing.

What We Love about It – The Pros

Its Powerful Features and Capabilities

At this price point, there is probably no other Amazon FBA Accounting Software solution that can compete with the features and capabilities of Webgility. Once you get past the onboarding process, it is, dare we say, almost a “set it and forget it” proposition. Data sync across all the marketplaces you sell on is automatic, accounting and business processes are fully automated, and your books automatically updated on a per transaction basis. There is virtually no manual work required. Also, the software does a great job of helping you optimize your cash flow for each marketplace that you sell on as it is able to effectively track your income and expenses after every payout. All the data you receive is always accurate, highly detailed, actionable, easily accessible, and helps you identify areas in your operation which you can improve on to increase your bottom line. And probably the most important thing of all, it makes sales tax compliance really easy. Webgility records all the sales tax collected from the marketplaces you sell in and organizes them properly according to jurisdiction for hassle-free filing on your part. The software ensures that all accounting entries are 100% compliant, making it easy to do auditing and rolling back changes. And finally, the multiple user account feature makes it possible for you to share access to an accountant or bookkeeper for easy and convenient collaboration. We are seriously impressed by the features of this software. If you feel that this is the solution for you, you can sign up for their free 15-day trial. They have an excellent onboarding team on standby to assist you in the process.

The Positive Effects It Can Have On Your Business

Webgility can impact your business positively, and the benefits we believe are powerful enough to bring your Amazon business to the next level. The most obvious benefit the software provides is of course the amount of time and money you save. When you leverage its powerful accounting automation features, you significantly reduce your workload which does not only save you time, but also on employee costs (if you have VAs or a full-time staff helping you out with bookkeeping and accounting tasks). Also, because your financial data is always accurate and up-to-date, costly errors and inefficiencies are eliminated, resulting in even more time and money saved.

Another huge benefit is that Webgility makes filing sales tax faster and much easier. Tax time is a very stressful period for Amazon Sellers, and the peace of mind that you get in knowing that your filing is accurate and you are fully compliant with sales tax laws is priceless.

And finally, the most important benefit Webgility brings to your business are the intelligent and actionable insights about your business that can help you make efficient decisions that can increase efficiency and profitability. Because these insights are readily available, you always know how your business is doing in terms of profitability. This makes it much easier to implement strategies that can improve cash flow and make your business generate more profit.

To sum up, Webgility affords you the luxury of being in full control of your business, allowing it to scale at a much faster rate.

Webgility Pricing

As mentioned previously, Webgility is priced affordably if you consider what the software can actually do. As the plan tiers go up, the number of available features increase, as do the monthly order volume covered. From what we see, the price and the features of each plan tier effectively address the accounting needs of the seller at that particular level. For instance, the Lite Plan ($15/mo, 100 monthly order volume), is perfectly suitable for a seller just starting out. Plans range from $15/mo (Lite) to $249 (Premium, which includes sales tax automation). The only slight drawback that we see here is that the price of the plan increases when you increase the monthly volume coverage, number of sales channels, and number of users. Despite this though, we still think Webgility is an affordable accounting solution if all things are considered.

What We’re Not Crazy About – The Cons

(Kindly take note that the observations noted here were made during the time of the review. Information presented here will be updated if applicable.)

The Steep Learning Curve and Customer Support Availability

Webgility is a feature-rich and highly functional accounting software solution, so expectedly the software is quite sophisticated and may take some time to get used to. Also, you should expect a longer onboarding process compared to other similar software. Setting up the integrations is also quite a bit of work, and for people with limited skills in this area, can actually be difficult.

Moreover, while their off-shore customer support team is quite capable of providing great assistance, their availability can be an issue. Support is only available from Monday to Friday from 8 to 5 pm PST, so if you encounter an issue beyond these hours, you’ll have to wait for the next day to get a resolution (if your issue falls on Friday beyond 5 pm, you’ll have to wait for Monday for assistance).

The Limited Number of Amazon Marketplaces Covered

Amazon has already expanded their global presence to a total of 19 marketplaces, but as of writing, Webgility only covers five of the 19 total. So if you are selling on marketplaces such as Amazon Germany, France, Italy, Spain, Japan, Singapore, UAE, Brazil, Australia, India, Netherlands, Saudi Arabia, Turkey, Sweden, and Poland, you won’t be able to use Webgility.

Bugs Due to Frequent Updates

There have been some complaints from users about Webgility’s frequent software updates, and how these may occasionally cause bugs in the software. There is also no notification system in place, so users have no idea when these said updates are to occur. The bugs in the software can be easily resolved though, once you open a support ticket with the customer support team.

Our Final Take: Should You Get Webgility for Amazon?

Please read before proceeding:

We participate in affiliate programs to fund Seller Spaceship. Some of the links you will find in our articles are affiliate links, which means that if you purchase a product using our link, we will earn a small commision. This does not, however, come with any additional cost to you, and we guarantee that our reviews will never be based on whether we will earn a commision off a product or not. We stand by our mission to provide objective and informative reviews. That being said, if you do find our product/service review helpful and decide to purchase a product or service we review, we would really appreciate it if you use our links to do so. It will really help the Seller Spaceship team a lot in providing you with awesome content that can hopefully help your business!

Short answer: YES.

Aside from what we have already discussed, one of the things that impress us the most about Webgility is how they have continuously made updates and upgrades to their software to become one of the leading accounting solutions in terms of capabilities and functionalities they offer to Amazon sellers seeking to automate their accounting and bookkeeping workflows. Despite the drawbacks we found, we consider it to be a very outstanding platform that can be very helpful to small sellers and large Amazon operations alike. It allows businesses to scale quickly and more easily, and we strongly recommend that you avail of the free, 15-day trial they offer to personally see how the software can help your business.

Is there anything you love about Webgility that we weren’t able to mention in the article? Is there a feature that has really helped your business that you’d like to share? Do you have more questions about this awesome Amazon FBA Accounting Software? Post a comment and join in on the discussion. We’d love to hear from you!

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SlickPie for Amazon Review 2021: The Best FBA Accounting Software for Sellers Just Starting Out

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Fetcher for Amazon: A Quick Look

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What is Fetcher for Amazon?

Founded by Greg Mercer in 2015, Fetcheris a cloud-based Amazon FBA Accounting Software solution that promises to provide its users with quick and easy access to financial insights that accurately reflect the standing of their business. Fetcher, which was created by a team of highly experienced Amazon sellers, software engineers, and data experts, enables users to easily manage their accounting and financial data. A part of a suite of premium Amazon seller apps which include Jungle Scout, Jump Send, and Splitify, Fetcher has a very high approval rating from its users, 93% of whom claim that they consider it to be an essential part of running their business.

Let’s Talk Features

Amazon Integration and Marketplace Coverage

Fetcher directly syncs to your Amazon Seller account and imports your historical data automatically. It also allows you to connect an unlimited number of seller accounts. Currently, this Amazon FBA Accounting Software solution supports all North American (US, CA, MX), and European (UK, DE, FR, ES, IT) marketplaces.

The Fetcher Analytics Dashboards

Fetcher’s Analytic Dashboards give you quick access to very important data points that you can analyze to help you make more effective decisions for your Amazon FBA business. Off the bat, you see your sales figures, the number of units you’ve sold, your costs, profit and profit margin percentage. There is also a bar chart that displays your daily orders, and this set of data can be configured to show you order information from specific time periods of up to 1 year.

The next data sets allow you to effectively manage your inventory.

The product table on the left displays your products. If you enter your order lead time for your product, Fetcher, using your sales volume data, will inform you when exactly you’ll need to reorder to prevent your product from going out of stock. The table follows a color coding system to tell you the status of your SKUS (Red – Order Immediately; Orange – Order Coming Up, Gray – Well-Stocked).

On the right, there is a pie chart that provides a visual representation of how your capital is being spent. You’ll see your order fees, cost of goods sold, shipping fees and Pay-Per-Click costs and the percentage of their spend to your total.

Sales and Profit

Click on Sales and Profit and you’ll see a bar graph that gives you a visual representation of your revenue against your profit.

The gray bars represent your total sales, while the sky blue bars represent your profit.

There is also a more detailed and in-depth analysis on an SKU level available below this bar chart. Also, there is a time-range selector that allows you to view Sales and Profit data from specific time periods from the past year.

Expense Tracking

Fetcher is also bookkeeping software for Amazon Sellers.

When you make a sale on Amazon, it “fetches” the SKU of the sold item from the sales report and adds it to your Expenses interface. You may then input your per-unit-cost and inbound shipping cost (the cost to get the product from the manufacturer to the FBA warehouse) for accurate bookkeeping.

Refunds Management

This feature allows you to monitor your returns and refunds and enables you to understand how it’s impacting your business.

Product Breakdown

Fetcher enables you to view the stats of your products by ASIN to help you monitor key product metrics and gauge their effects on your net income.

This feature enables you to view specific data relating to your daily sales by product. You can also sort the data by pending units + promo rebates + complete units sold.

If you wish to view a visual representation of your daily Campaign Manager Ad Spend, just scroll down further.

Profit and Loss Statement

Fetcher provides two data sets in its Profit and Loss statement: Revenue and Expenses.

If you wish to view a visual representation of your daily Campaign Manager Ad Spend, just scroll down further.

• Sales

• Refunds

• Reimbursements

• Promos

The Expenses table provides you the following data:

• Cost of Goods Sold

• Inbound Shipping

• Reshipping

• Recurring fees (data is available for both FBA and FBM)

• Orders Fees

• PPC

• Tax

What We Love about It – The Pros

Fetcher Pricing

This Amazon FBA Accounting Software for Sellers is the most affordable one available in the market today. At $19, its introductory plan (which covers up to 2,500 orders) is within the immediate reach of sellers who are just starting out. The next plan tiers are also very modestly priced. The Business plan, which covers up to 5,000 orders is priced at $39, and the Enterprise plan, which covers an unlimited number of orders only goes for $99. Moreover, Fetcher also offers a free and lengthy 31-day trial which will allow you to determine if Fetcher is the solution you need at no added cost.

Eases the Burden of Tracking Your Finances

If you have very little knowledge of financial management and accounting, digging through convoluted Excel sheet reports from Amazon Seller Central is pretty much a fool’s errand. It consumes valuable hours you could have dedicated to growing your business. Fetcher will save you a lot of time and energy (users have reported that they have been able to save at least 14 hours a month since using Fetcher) by doing all the heavy lifting. It will manage all your data from a centralized source, run your profit calculations, and provide you with financial metrics reports. This frees you up from this tedious, time-consuming task, and will especially prove to be a big help come tax time.

Ease of Use

Fetcher’s simplicity allows new users to maximize its capabilities almost immediately. The user interface is sleek, clean, and very easy to master. The software also does an excellent job in ensuring that the user has immediate access to accurate and up-to-date key metrics via the software’s synchronized calculations which run every five minutes. Another thing that we love is that you won’t experience information overload because everything is broken down into easy-to-understand, straightforward reports and visual representations you can easily interpret and analyze.

It Will Help Drive Your Business Forward

The data you get from Fetcher is easily actionable and will help you make crucial business decisions that can hasten the growth of your business. We believe it is mainly because the developers of the software are Amazon sellers themselves so they have an in-depth knowledge on the specific types of data a seller would need. It enables you to implement effective strategies on various aspects of your business such as inventory management, PPC campaigns, cost management, and the likes, allowing you to scale and increase your bottom line.

It’s Secure

Fetcher uses an OpenSSL AES encryption, the same type which banks, large financial institutions, and high-security entities use. This means your data is well-protected, and you can rest assured that there is virtually no chance for outside elements to access your data. Security is often overlooked when shopping around for SaaS applications, but keep in mind this should be one of the things you have a look at before making a commitment to share your data.

What We’re Not Crazy About – The Cons

(Kindly take note that the observations noted here were made during the time of the review. Information presented here will be updated if applicable.)

It Does Not Consolidate Your Stats and Numbers from Various Amazon Marketplaces

If you sell on different Amazon marketplaces, this might prove to be a slight inconvenience for you. To view business data from your marketplaces, you’ll have to keep switching from one marketplace to another (it only allows you to switch to one marketplace at a time). This makes it a little bit harder to quickly know the overall performance of your business.

Some Manual Calculation Is Needed

While Fetcher does an excellent job of automating accounting and bookkeeping processes, it will require you to perform some manual calculation because as of now it still doesn’t account for sales tax (like VAT). The quick fix here is to manually compute your Value Added Tax and put it on top of your product manufacturing cost to ensure accuracy. It’s no deal-breaker, but it’s better for you to know that Fetcher is not a “set it and forget it” accounting and bookkeeping solution.

No Extra Tools Offered

It’s always nice to get extras, and unfortunately, Fetcher does not come with additional accouterments. Some accounting software solutions also come with a PPC tool, keyword tracker, review monitoring tool, or competitors’ analysis tool. This does not mean, however, that as an accounting software solution, Fetcher is in any way inferior.

Other Minor Limitations We Found

Some limitations that might cause some minor inconvenience are:

• The Time-Range Limitation – Fetcher only allows you to view data from specific time periods only up to the past calendar year. If you’ve been selling on Amazon for quite some time, past data beyond this limitation will be unavailable.

• The Three-Word Limitation of the Inventory Widget – when you view the product table, you’ll notice that only the first three words of the product are displayed. If you have similarly named product variations, this might cause a slight problem.

Our Final Take: Should You Get Fetcher for Amazon?

Please read before proceeding:

We participate in affiliate programs to fund Seller Spaceship. Some of the links you will find in our articles are affiliate links, which means that if you purchase a product using our link, we will earn a small commision. This does not, however, come with any additional cost to you, and we guarantee that our reviews will never be based on whether we will earn a commision off a product or not. We stand by our mission to provide objective and informative reviews. That being said, if you do find our product/service review helpful and decide to purchase a product or service we review, we would really appreciate it if you use our links to do so. It will really help the Seller Spaceship team a lot in providing you with awesome content that can hopefully help your business!

Before we make our final recommendation, let’s try to answer a couple of quick questions first:

1. Is having a complete understanding of your Amazon business’ financial situation important to you?

2. Are you doing the financial tracking of your Amazon business on your own? Are you having a hard time doing it via reports from Seller Central?

3. Have you always wanted to employ a full-time bookkeeper to free yourself up from this tedious task?

4. Are you looking for an accounting solution but are on a tight budget?

If you answered “YES” to all of these questions, Fetcher is perfect for you.

Fetcher’s main strength is its capability to help you easily understand the financial metrics of your business and how they reflect its current status. With this understanding, you can quickly and easily make financially sound decisions that will help grow your business or address issues that are seriously affecting your bottom line.

In business, time is a very valuable commodity, and spending most of your time tracking your financials is a waste of this resource if there is a very affordable and effective accounting and bookkeeping solution like Fetcher available on the market. For its capabilities, Fetcher is very inexpensive, and making this minimal investment can have a profound effect on how you manage and maintain your Amazon business.

If you’d like to get a feel of the Fetcher platform and get an idea of how it can help you have a full grasp on your Amazon business financials, we strongly recommend that you sign up for their free 31-day trial.

Is there anything you love about Fetcher by Amazon that we weren’t able to mention in the article? Is there a feature that has really helped your business that you’d like to share? Do you have more questions about this awesome Amazon FBA Accounting Software? Post a comment and join in on the discussion. We’d love to hear from you!

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Sellerboard Review 2021: A Feature-Rich Amazon Accounting Software Sellers Will Love

Business owners with robust accounting systems in place reap the following benefits:

Full awareness of how their business is performing

Awareness if business goals, sales, revenue, and profit targets are being met, if current strategies and processes are working, and if all financial obligations are being fulfilled. Full awareness is necessary for the growth of a business.

Full budget control

One of the keys to building a profitable business. Having full awareness of how money is coming in and out allows you to decide on what your business needs the most and allocate cash resources.

The power to forecast revenue

This tells you if your business model is working or not, and if you have enough financial resources to scale, or if there is a need to cut back on spending.

Accurate books for tax purposes

Implementing an effective inventory management strategy to reap these benefits though, is not an easy task, and may require you to invest in an Ecommerce/ Amazon Inventory Management Software solution.

Access to more capital

Accurate books make it easier to secure business loans from financial institutions you can use to fund an expansion of your Amazon business.

Without this important cornerstone in place, the foundation of your Amazon business will crumble easily. With poor accounting practices, you’ll be totally clueless about how your business is actually performing.

If you don’t know how your business is actually performing, you’ll be subjecting yourself to:

The dire consequences of poor decision-making

Your business, your dream, the one you worked really hard for, possibly destroyed.

Having the inability to scale

Having inaccurate financial data will kill your chances of gaining extra funding for your business—you won’t be able to secure business loans and it will drive away potential partners or investors.

Failure to comply with tax laws

Heavy fines.

The list of consequences goes on and on, but you get the picture right?

We’ve clearly established how important Amazon Accounting is, so let’s now find out what exactly it is, what it entails, and what the best software solutions are out in the market today.

What Is Amazon Accounting?

Amazon Accounting, simply put, is:

• The process of balancing the finances of your Amazon business.

• Closely monitoring, tracking, and documenting all of your business transactions in order to make sure that the assets and liabilities of your business are all accounted for.

• Ensuring the financial health of your business.

• Making sure that your business fully complies with all tax laws.

Amazon Accounting involves the following tasks:

Tracking your cash flow and income

This is basically monitoring and documenting the cash that goes in and out of your business. You’ll also need to reconcile your books periodically to make sure that the money leaving or going into your bank account matches what you spent or earned.

Tracking and managing your inventory and expenses

Aside from managing and monitoring your inventory levels, this also involves organizing operational costs and COGS, tracking business expenses, Amazon selling fees, and monitoring returns and refunds, etc.

So, should you be doing these tasks manually? Well, if you ask us, the answer is “No.”

Sure you get to save a bit of money, but are savings worth it if you consider how tedious, time-consuming, complicated, and error-prone doing it manually is?

If you are searching for a solution, start looking into Amazon Accounting Software.

What Does Amazon FBA Accounting Software Do?

Amazon Accounting Software helps you manage your sales operations. It automates the process of grabbing Amazon settlement transactions and posting them to a general ledger. These software solutions also come with additional features and capabilities which are discussed in the next section:

Common Features and Capabilities of Amazon Accounting Software

Core Accounting

• Revenue and expense tracking

• Functional modules include general ledger, accounts receivable, and accounts payable

• Bank reconciliation (matching of balances in accounting records and bank accounts)

Invoicing

• Creation of invoices for sold products/goods

• Setup of recurring billing via credit card payments if applicable

• Online payment collection

• Auto payment reminders and notifications

Sales Tax

• Updated database of all applicable sales tax rates

• Automation of preparation and filing of sales tax returns

COGS

• Profit analysis of goods sold (match product acquisition costs with sales price to show revenues, margins, and profitability)

• Tax liability reduction to lower cost of business tax

Fees Management

• Seller fees calculation based on selling plan (individual or professional)

• Fees management (per-item fees, referral fees, variable closing fees, and shipping fees)

• Budgeting assistance for additional fees caused by an increase in sales and changes made in a “What If” analysis.

Amazon FBA Inventory Management

• Management and monitoring of inventory levels (incoming products, products sent/delivered, products currently in fulfillment centers).

The Top Benefits of Using Amazon Accounting Software

Using Amazon Accounting Software has a lot of benefits:

You Save Time, Effort, and Money

Using accounting software makes a lot of processes such as data entry, sale to invoicing, and financial reporting faster, easier, and more efficient. It also prevents costly accounting errors usually caused by manual methods as your data is always accurate.

You Know Exactly Where Your Business Stands Financially at Any Point in Time

Sellers who do their accounting manually are often only made aware of their finances at periodic points of their operation (monthly, quarterly tax time, etc..). This puts them at a huge disadvantage, as they may be operating at a significant loss for extended periods of time. Knowing at any point in time where your business stands financially is a huge advantage because it allows you to make timely, data-driven decisions so you can identify and take advantage of growth opportunities quickly or quash a looming crisis in the bud. Having this advantage also enables you to make cash flow forecasts that can help you budget and schedule investments that will allow your business to scale. This is necessary if you want to build a profitable business.

You Won’t Have to Worry About Full Tax Compliance

When your Amazon Bookkeeping is up-to-date, you will know exactly what your tax obligations are and you’ll have enough time to prepare the cash you’ll need to settle your taxes when they are due. You won’t have to worry about receiving terrifying letters from the IRS and paying fines for late payments.

You Can Easily Separate Your Business and Personal Finances (Also Related to Full Tax Compliance)

For smaller sellers, this is a big concern, especially come tax time. Small sellers at times make business purchases or settle obligations using their personal credit cards. This makes it harder to disclose accurate information about their income and expenses once they are audited by the IRS. With Amazon Accounting Software, it’s much easier to maintain two separate accounts. This reduces your legal liability and allows you to manage your business expenses and taxes more efficiently.

The 5 Best Amazon Accounting Software for Amazon FBA Sellers in 2021

If you’re an Amazon seller looking for accounting software, this quick guide will help you a lot.

We at the Seller Spaceship team have spent some time doing solid research on the best Amazon Accounting software options. The information on this quick guide and the in-depth reviews we did on each software option is accurate and up-to-date.

Our top recommendations are:

The 5 Best Amazon Accounting Software for Amazon FBA Sellers in 2021: A Quick Look

Top Picks for the The Best Accounting Software for Amazon FBA Sellers in 2021

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Founded by Parag Mamnani in 2007, Webgilityis a cloud-based Amazon Seller Accounting Software platform that aims to provide powerful financial management solutions for every type of ecommerce business. Webgility aims to increase the profitability and cash flow visibility of Amazon sellers through efficient automation of processes such as the tracking of Amazon fees. Recognized as an Ecommerce Software Leader by the highly popular software review platform G2 in its January 2021 Winter Report, Webgility is highly trusted by thousands of ecommerce businesses to process millions of orders and transactions monthly.

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Founded by Paul Greyand Ashely Schroeder in 2014, A2Xis an Amazon Seller Accounting Software service that provides automated ecommerce accounting solutions to ecommerce businesses around the world. A2X can support small to large businesses, and its powerful automation features and accurate reporting allow its users to save time and dedicate themselves to growing other aspects of their business. The winner of Xero Americas’ 2018 Industry Specific App of the Year, A2X is trusted by thousands of Amazon sellers and accountants around the world.

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Founded by Vladi Gordon in 2017, Sellerboardis a fast-rising Amazon FBA Accounting Software solution that provides profit analytics for Amazon sellers. Sellerboard automated accounting features allow users to easily analyze the profit and cost-effectiveness of their business, as well as monitor key performance metrics. Sellerboard’s popularity continues to increase, and currently, the software has over 4,000 users.

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How Do I Choose the Best Amazon FBA Accounting Software for My Business?

Choosing an Amazon Software solution for your business might seem like a tricky proposition, but if you know what you should be looking for, it’s actually not that hard. Here are some things that you should consider before making a commitment:

Your Business Needs

To find an Amazon Accounting Software solution that’s perfect for your business, the first thing you want to consider is your needs and the needs of your business. Here are some questions you want to ask yourself before purchasing one:

• Am I ok with using multiple platforms or do I want an all-in-one solution that fully integrates into my Amazon account?

• What do I need it for? Do I need it for something specific like tax compliance?

• Do I need an entry-level software platform or a more advanced accounting solution?

• What type of financial data do I need to make better business decisions?

These are just some examples that may lead you to the right questions you should be answering to understand what your business needs. Once you find out the answers, you’ll be able to narrow down your search.

Ease of Use

Of course, you’ll want an Amazon FBA Accounting Software solution that will make your workflow simpler, more productive, and free from frustration. That’s why it’s important to choose accounting software that has a low learning curve and easy to use. You don’t really want too many bells and whistles on your accounting software—find something that’s simple, gives you the financial data sets that you need, and has a user-friendly interface.

Is the software platform a scalable solution?

As your business grows, its needs change. Is the software equipped to handle the evolving needs of your business? Does it have plan tiers with more advanced solutions and features or will you need to look for another platform once you hit a particular level of growth?

Integrations

The accounting software you will choose should be able to sync perfectly with financial or sales apps you may be already using, your business bank account and credit card.

Security and Encryption

Cloud-based accounting software has seen a surge in popularity in recent years because it has proven to be a better solution to hardware-based programs. It’s a perfect fit for eCommerce business owners who want to maintain a leaner, more nimble operation. However, keep in mind that data theft is a legitimate concern for business owners who migrate to cloud-based accounting. Make sure to check if your software solution goes the extra mile to keep the financial data of its users safe.

Customer Support

Amazon FBA accounting is complex, and every seller has his own unique set of concerns and needs. This is why it’s important to select a software solution that has a very responsive customer support team because you may need to request an enhancement feature or ask how to customize processes to get a particular set of data.

Cost

Finding the perfect accounting solution for you may be very well a moot point if you don’t have the cash to pay for it. Keep in mind that industry-specific accounting software comes with significant price tags, so make sure that you are ready to make the financial commitment before even searching.

We hope this quick guide helped you in your search for an Ecommerce/Amazon inventory management software solution, and if there’s something you’d like to add to the discussion, post a comment below!

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