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Webgility for Amazon: A Quick Look

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See our The Best Accounting Software for Amazon FBA Sellers Article Here!

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:

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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!

Read The Next Post:

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

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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Stitch Labs: A Quick Look

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See our Best Amazon Inventory Management Software for Sellers Article Here!

What Is Stitch Labs?

Founded by Brandon Levey, Jake Gasaway, and Michelle Laham in 2011, Stitch Labs is a leading cloud-based multichannel inventory management software solution for high-growth brands and retailers. Stitch was designed to answer all the operational demands of a multichannel retail business by providing automation, centralized inventory management, and in-depth analytics. Currently one of the fastest growing inventory and order management platforms in the market today, they process 26 million orders and generates $4.5 billion in merchant transactional revenue per year.

Let’s Talk Features

Inventory Management Software

• Centralized inventory promotes visibility across all sales channels and locations

• Access to inventory data such as stock history, stock-takes and reconciliation reports

• Ease of adding new channels and locations without compromising visibility.

• Allocation of inventory to specific channels and VIP customers

• Automated low stock alerts and automated calculation of reorder points for effective implementation of a just-in-time inventory system

• Access to historical sales reports and real-time inventory data

Inventory Control System

• Automation of inventory management-related tasks

• Real-time view of stock levels and inventory performance across all sales channels and locations

• Real-time inventory sync (from all your locations) to prevent overselling

• Inventory and order management capabilities allows leveraging of bundles, mystery boxes, pre-orders, loyalty programs and other merchandising techniques

Multichannel Selling

• Full control of all sales channels

• Real time stock updates

• Over a dozen integrations; add channels with ease

• Sales channel analytics – compare performance of sales channels

• Auto-sync inventory

• Low Stock alerts to prevent stockouts

• Sell across locations

Order Management Software

• Automation of order management tasks (order splitting, backorder management, order import, shipping updates)

• Streamline workflows

• Robust inventory management

• Capacity to handle high volume sales (over 25k orders a day)

• Support for up to 100k SKUs

• Streamlined customer service

• Wholesale/B2B order planning

• Customer targeting and engagement by viewing their account history, inventory analytics, repeat purchase rates, etc.

Logistics and Fulfillment Operations Management

• Workflow automation (splitting, routing, order releasing, etc.)

• One centralized platform to oversee fulfillment

• Set order routing rules to control when and how orders ship

• Accountability tools for 3PLs

• Pre-built integrations and 3PL partner network for shipping coverage expansions

• Pre-sell with ease as order management will hold orders until stock is available

Purchasing Software

• Purchase planning based on sales velocity, lead time and present stock levels

• Streamlined receiving of inventory

• Easy creation of purchase orders

• Centralizes purchases, and sharing of purchasing data to accounting, sales channels and vendors

• Management of End to End Purchasing

• Financial reporting to track cost fluctuations

• Customizable low stock alerts and dynamic reorder points

• Product reporting for data-driven purchasing

Wholesale Inventory Management Software

• Unified, real-time view of stock levels and inventory performance across channels and locations

• Automation of time- consuming tasks

• Allocation of inventory to specific channels and VIP customer accounts

• Tracking of wholesale orders

• Sales representative management (performance tracking, commission payouts, etc.)

• Invoice Management

• Inventory Performance tracking and reporting for smart merchandising and demand forecasting

Retail Reporting and Analytics

• Detailed retail reports with inventory, sales and purchasing data

• Comprehensive multichannel inventory management, retail and product reporting gives access to actionable data on cost, revenue and profitability

• Access to historical data

• Balance sheet provides insight on true inventory value

• Charts and graphical dashboard enable easier sharing of insights

What We Love about It – The Pros

Its Low Learning Curve

It’s very easy to learn how to use Stitch. The interface is simple and intuitive, and even first-time users will be able to do basic tasks like (creating products and customer contacts, generating sales orders, etc.) within minutes of signing in to the platform. We just love how easy and quick it is to set up integrations and link different sales channels and add-ons to your account. All you need to do is provide the info for your third-party account and Stitch does all the heavy lifting.

Also, learning how to do different tasks is very easy because each page comes with an in-depth tutorial that walks you through each step, and the interface features pop-up menus for access to the knowledgebase and support in case you need assistance.

Its Multiple Integrations

While there are users who have complained about Stitch being “too integrations dependent,” we absolutely love that it’s compatible with a large variety of integrations (over 100 to be exact!). Stitch integrates with the most popular sales tools and ecommerce platforms, and this allows you to build your own unique tech stack that can make your business run efficiently.

Streamlined Inventory Management

Stitch is a centralized platform that allows you to manage your inventory and automate workflows from one location. From the dashboard, you can manage all of your sales channels, update your listings, run promotions, sync stock levels across all sales channels, warehouses, and fulfillment centers, and customize and implement time and cost-saving order routing strategies. Being able to do all of this in one location not only improves efficiency but also saves you valuable time, energy, and money.

Automated Purchase Order Creation

This is a powerful feature, and we love it because it saves time and increases your cash on hand. Stitch automates the calculation of reorder points and creates drafts of purchase orders. This calculation is based on real-time data on sales velocity, supplier lead time, and par levels. Once you receive a low stock alert, the purchase order is then sent out. This makes ordering faster and more accurate, and become more liquid because you have less cash tied to stock.

The Comprehensive Analytics Dashboard

Stitch’s analytics dashboard is awesome and gives you a clear, data-driven overview of your business’ performance. From this dashboard, you can view sales, revenue, and inventory stats, sales velocity and forecasting reports and sales channel-specific reports. You also have the ability to filter data using customization variables. It gives you all the data you need to formulate sales and inventory management strategies to increase revenue and profits.

What We’re Not Crazy About – The Cons

Stitch Labs Pricing

Software systems that provide exceptionally sophisticated services often carry a hefty price tag and Stitch Labs is no exception. In fact, it’s probably the most expensive multichannel inventory management software solution in the market today.

While they don’t display their prices on their pricing page (interested parties must request a price quote), they do make it clear who their target clientele is (“Stitch Labs is best suited for brands trading $1M or above, or transacting over 25k orders per year.”). So this should already give you an idea on the price range of their plans. Also, before they removed their prices, we received reports that their entry level “Essentials” plan was priced at $799, which definitely puts this out of the price range of smaller multichannel sellers.

Another thing to take note of is that implementation training is not included in the monthly fee, so you’ll have to pay for an onboarding session.

Limited Functionality for Sellers Outside the US

Stitch was designed to cater to businesses which operate and sell in the US. If you are based outside the US, Stitch may still work for you, but you should know that you will have to deal with limited functionality. For instance, Stitch does not support sales order currency conversion, inclusive taxation, international eBay seller accounts, country-specific invoice formatting requirements, etc. Read this article from Stitch Lab’s support base if you are outside the US and considering getting Stitch.

Refunds Management

For some reason, Stitch does not account for refunds made through sales channels and does not automatically adjust inventory and accounting data. Users must make manual adjustments to inventory and accounting records whenever there is a refund. The process of making manual adjustments can be cumbersome and prone to errors.

No Mobile App

Stitch has no mobile app and does not support mobile browsers.

Our Final Take: Should You Get Stitch Labs?

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!

If you are a small multichannel seller who is just starting out, the answer is NO. Stitch is simply beyond your budget and way too complicated for you. If you are looking for a similar solution, we strongly recommend that you get Ecomdash. Ecomdash offers a similar level of functionality at a price that is more affordable to smaller business owners. If you want to learn more about Ecomdash, read our full review here.

However, if you are a medium-sized multichannel seller who is experiencing a period of rapid growth in your business, and can afford Stitch Labs, the answer is YES. You stand to benefit a lot from their centralized platform which can automate your inventory and retail operations.

In multichannel retailing, one of the most important inventory management strategies to implement is the Just-In-Time inventory system. For the uninitiated, Just-In-Time inventory is a system in which you forecast demand and keep just enough inventory to meet that demand. This system allows you to be more liquid and having more cash on hand gives you access to investing opportunities that can grow your business further. Moreover, this system significantly reduces your storage costs and lowers your loss risk.

The key to implementing this system effectively is accurate demand forecasting, and this is where Stitch shows its tremendous value. Accurate demand forecasting requires the efficient tracking of sales data and Stitch provides you with a highly informative sales velocity report that allows you to understand how fast your products are selling. Moreover, it gives you insight on demand fluctuations and seasonal trends which will help you order the right amount of product at the right time.

Also, Stitch users can easily make crucial decisions regarding their inventory quickly because the platform allows them to easily track their inventory across all their sales channels. Inventory data is updated in real-time, and it works really well with the automation features of the platform. For instance, Stitch allows you to create drafts of purchase orders which you can send as soon you receive a low stock alert. This significantly reduces the time spent on ordering and fulfilling sales orders. In effect, you maximize profitability because you save time and get your fresh inventory faster which enables you to consistently meet demand without having to break bank on storage costs.

To sum up, Stitch is the perfect platform to use when implementing a Just-In-Time inventory strategy for your business because it virtually eliminates the danger of miscalculating demand or running into stockouts, enabling you to reap the full benefits of reduced costs and improved efficiency.

If you’d like to see how Stitch Lab’s centralized inventory management dashboard can help you implement a Just-In-Time inventory system for your business, get in touch with their team, and request a free trial. Stitch Lab’s streamlined approach to inventory management might just be what you are looking for.

Is there anything you love about Stitch Labs 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 inventory management tool? Post a comment and join in on the discussion. We’d love to hear from you!

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Ecomdash Review 2021: A Powerful Multi Channel Inventory Management Software Solution for Small Businesses

Word Count: 3,510

Estimated Reading Time: 11.7 minutes

If you sell on Amazon, eBay, Walmart or other ecommerce platforms, monitoring your product stock levels is very important. At all times, you have to know which products are in-stock, out-of-stock, understocked, and overstocked.

Why, you might ask?

If you don’t stay on top of your inventory stock levels, you might have products which are understocked or already out-of-stock. If not addressed immediately, your supply chains will be disrupted and this will have serious repercussions on your business. Customers will not get their orders on time, or you’ll sell more items than you have in stock (overselling) and have fulfillment issues. Either way, this will not only possibly lead to lost revenue, but also damage the relationship you worked so hard to establish with your valued customers and suppliers, possibly to the point of beyond repair. On the other hand, failure to monitor stock levels might also lead to overstocking and you’ll end up having dead stock taking up valuable storage space, costing you a lot of money and severely hurting your business’ profitability.

Fixing these damages can be quite costly, and in this situation, the old adage “prevention is better than the cure” most certainly rings true. To prevent this from happening to your business, you must implement sound inventory management.

What Is Ecommerce/Amazon Inventory Management?

In a nutshell, inventory management is ensuring that supply chains run like clockwork. It involves tracking, measuring, and monitoring inventory quantities across all of your locations (warehouses, fulfillment centers and sales channels), managing product stock levels, interpreting logistics and analytics (purchasing trends, seasonal trends, customer demand, etc.) to formulate inventory management strategies, and integrating inventory management data into your business’ financials.

What Are The Benefits of Efficient Inventory Management?

Implementing a sound inventory management system for your business carries a lot of benefits. Some of them are:

High Inventory Visibility

• Improved predictability – understand your business cycle and inventory demands better

• Know where every piece of inventory is

• Know when it’s the right time to restock – eliminate risk of stock run-outs and overselling

• Know how much inventory you need to have on hand – significantly reduce risk of overstocking, eliminate dead stock/wasted inventory

• Improved cash flow – significantly reduced inventory risks, savings on storage fees, smart restocking

• Easily maintain inventory records (sales, costs, expenses, etc.) for accounting purposes

Increased Efficiency and Productivity

• A more organized warehouse for faster order fulfillment

• Easier tracking of inventory and supply chain movement

• Streamlined warehouse workflows saves time and money

Enhanced Customer Experience to Cultivate a Bigger Client Base

• Consistently and quickly meet customer demand

• Easily set-up reorder capabilities for your VIP customers

• Build strong relationships with customers to keep them coming back for more

Make Strategic Decisions Much Faster

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.

What Is Ecommerce/Amazon Inventory Management Software?

Inventory management software is basically a suite of tools that enable users to automate and streamline virtually all aspects of managing their inventory across all locations. While specializations and capabilities may vary, most cloud-based inventory management software systems usually come with these standard features:

• Centralized Inventory Management

• Real-Time Inventory Data Sync

• Barcoding and Tagging

• Analytics and Reporting Tools

• Accounting Integration

• Supply Chain Automation

• 3rd Party App Integrations

What Are The Benefits of Using Inventory Management Software?

Using inventory management software has a lot of benefits. Some of them are:

Automation

Eliminates tedious, time-consuming tasks such as manual data entry or complex calculations. Saves you time, reduces labor costs and frees up your employees for more important work.

Lower Operational Costs

Improved accuracy and efficiency lead to lower operational costs. Spend on damage control due to inaccurate inventory data goes down. Effective implementation of just-in-time inventory (having just enough stock to cover short-term demand) made possible leading to more accurate inventory orders and lowered storage costs. Leverage of automation also lowers the number of employees needed to maintain operations.

Business Intelligence

Build data assets and leverage to improve the performance of your business. Monitor and analyze key performance metrics, fine-tune processes and workflows to improve conversion and drive more sales.

Improve Customer Service

Increase order fulfillment accuracy, fulfill orders faster, and be able to provide real-time order updates to raise customer appreciation.

The 8 Best Amazon Inventory Management Software for Sellers in 2021

If you’re an Amazon seller or a multichannel retailer looking for inventory management software, this quick guide will help you a lot.

The Seller Spaceship team has spent a lot of time researching the best inventory management software options and the information you will see on this quick guide and the in-depth reviews we did on each software option are accurate and up-to-date.

The 8 Best Amazon Inventory Management Software for Sellers in 2021: A Quick Look

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Top Picks for the Best Amazon Inventory Management Software for Sellers in 2021

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Founded by Ryan Stephens in 2013, InventoryLab is an innovative and highly versatile Amazon inventory management software solution that’s highly trusted in the FBA seller community. It streamlines vital processes such as managing inventory, listing products, researching and sourcing products for inventory, accounting, and comprehensive business reporting.

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Founded by Brian Nolan and a group of highly experienced online sellers in 2013, Sellbrite is a cloud-based multichannel inventory management software solution that integrates with the biggest and most popular marketplaces and shopping carts such as Amazon, BigCommerce, eBay, Etsy, Shopify and Walmart. It enables its users to effectively streamline their sales processes by providing tools and automation that simplify product listing and management, sync inventory levels across different sales platforms, and optimize order fulfillment. Sellbrite consistently gets excellent review ratings from its user base, of which 90% would recommend it to friends and colleagues.

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Co-founded by Jayneel Patel and Niraj Patel in 2012, Orderhive is a cloud-based, multichannel inventory and order management software solution that streamlines the process of selling on marketplaces such as Amazon, eBay, Etsy, Shopify and many more. It provides its users with a centralized platform from which they can facilitate inventory control, track orders across multiple sales channels, manage sales and purchase orders, and handle shipping and order fulfillment.

Regarded as one of the top ecommerce inventory management software systems in the market today, Orderhive has received the following awards and recognitions:

2017 – “Purchase Order Reviewers’ Choice Award” from Software Advice2018 – “Rising Star Award” and ‘Great User Experience Award” from FinancesOnline2019 – “Fastest Growing Software”, “Most Popular Software” & “Most Searched Software” from SaaSworthy2020 – “Best Support” from Software Suggest

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Founded by Franz Jordan and Josef Vataman in 2014, Sellics is a suite of inventory management, marketing and analytics tools that can optimize key performance metrics to drive sales and increase market shares on Amazon. Sellics’ all-in-one software platform enables users to analyze profits, optimize product listings, and manage their inventory, Pay-per-Click (PPC) campaigns and reviews. Regarded as one of the leading Amazon retail analytics software solutions in the market today, Sellics reports that its users see a 1.6x ROI for their Amazon PPC campaigns and a 42% increase in revenue (on average after 3 months). It currently has 4,000 users, and a customer satisfaction rate of 93%.

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Founded by Brandon Levey, Jake Gasaway and Michelle Laham in 2011, Stitch Labs is a leading cloud-based multichannel inventory management software solution for high-growth brands and retailers. Stitch was designed to answer all the operational demands of a multichannel retail business by providing automation, centralized inventory management, and in-depth analytics. Currently one of the fastest growing inventory and order management platforms in the market today, Stitch Labs processes 26 million orders and generates $4.5 billion in merchant transactional revenue per year.

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Founded by Kevin Loomis and Laura Bell Greeno in 2013, Ecomdash is a multichannel inventory management software solution geared towards small and mid-sized sellers. It provides users a unified platform from which they can easily manage inventory, product listings, sales orders, shipping and fulfillment. Known for their dedication to supporting the growth of small businesses, Ecomdash has processed over $3 billion in sales orders, and currently manages over 35 million SKUs.

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Founded by Andrew Mulvenna and Chris Tanner in 2007, Brightpearl is a multichannel retail management system software geared towards high growth brands,retailers and wholesalers. Brightpearl functions as a unified platform from which multichannel sellers can automate and streamline the vital processes of their retail operations such as inventory and sales order management, shipping and fulfillment, retail accounting and many more. Regarded as one of the leading merchant services providers today, Brightpearl currently provides its services to more than 1.4K business owners, and has processed over $2.5 billion in merchant sales.

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Founded by Philip Jepsen in 2014, ManageByStats is a suite of integrated Amazon selling tools which primarily delivers powerful performance analytics that enable Amazon sellers to make quick and intelligent data-driven decisions to increase their bottom line. This comprehensive FBA toolkit is a multi-faceted software solution, and also has the capability to automate and streamline tasks related to Amazon inventory management, customer relationship management, listing optimization, marketplace and product research, financial reporting, PPC Campaigns management and many more. Considered to be one of the leading providers of Amazon Seller solutions today, ManageByStats currently has over 5K active users, and has managed over 245 million transactions that have generated over $3 billion in revenue.

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How Do I Choose The Best Inventory Management Software For My Business?

A good inventory management software system should fit your business like a glove, so before you dive in and start spending money, it’s best that you take some time and ask yourself some quick questions to narrow down your options so that you can find the best system for your business.

What phase of growth is my business in?

The software system you pick must be suitable for the size of your business. If you are a small seller and you decide to go with an enterprise solution, the price tag will destroy you and the complex features of the software will probably be of very little use to you. On the other hand, if you’re a big company and decide to go with a platform designed for smaller sellers, your business will immediately outgrow the system and you’ll end up wasting time finding another solution that will address your needs, migrating your business data, and undergoing the onboarding and learning process.

What are the needs of my business?

Obviously, the right software solution should be able to completely address the most immediate needs of your business. As mentioned in the previous section, while inventory management software solutions may share common features, specializations and capabilities may vary greatly. Make sure that the features and capabilities of the software system you choose aligns with your business needs that you want to focus on.

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?

Can I afford it?

Sure, you think you’re ready for an inventory management system, but does your wallet agree? These solutions require a serious financial commitment and you might want to check your financial resources before taking the plunge.

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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Inventory Lab Review 2021: Why InventoryLab Is Still Our Favorite Amazon Inventory Management Software Solution