By The Books: Step-by-step accounting for Amazon Sales & VAT with Xero and A2X

In our By The Books series, we partner with expert ecommerce accountants and bookkeepers to give you tactical tips on how to accurately account for your Shopify, Amazon, and other online stores - without spending hours on admin.
In this episode, we partner with Steve and Oliver Blackmore from Elver E-Commerce Accountants, a leading ecommerce accounting practice based out of the UK.
Watch to learn:
- Why accurate Amazon accounting is key to running a profitable business (and where you might be going wrong)
- What Amazon sellers need to know about managing VAT
- A step-by-step guide to complete monthly Amazon bookkeeping using A2X and Xero
Additional resources:
- By the Books: Step-by-Step Guide to Managing VAT and Amazon Seller Bookkeeping with Xero and A2X [Blog Post] - www.a2xaccounting.com/ecommer...
- A2X and Making Tax Digital [Support Article] - support.a2xaccounting.com/en/...
- Setting Up Your Amazon to Xero Integration with A2X [Video Tutorial] - • Setting Up Your Amazon...
Get in touch:
- Get in touch with Elver Ecommerce Accountants via the A2X Directory - www.a2xaccounting.com/ecommer...
- Get in touch with A2X - [e-mail]
00:00 By the Books: Step-by-step accounting guide for Amazon Sales & VAT with Xero and A2X
00:49 Meet Elver E-Commerce Accountants
01:39 Agenda
03:08 Why does accurate Amazon accounting matter?
09:26 Amazon deposits aren't just sales!
10:39 Don't record net deposits as income
12:47 Don't record VAT as income
15:23 Introducing A2X for accurate and automated ecommerce accounting
18:16 Checklist: What you need for a monthly Amazon bookkeeping process
19:50 Checklist: Step-by-step guide to monthly Amazon bookkeeping using A2X and Xero
31:01 Use the A2X Directory to find an ecommerce accountant
32:01 Q&A
The information provided in our webinars and resources is meant to be general in nature. Please consult a certified expert to get advice for your specific business requirements.