Any Amazon FBA business keeping track of expenditures and income knows that it’s a strenuous task. So how do you make this task simpler? Accounting software is the best solution.
Managing the company’s books using Google Sheets or MS Excel is not as effective as using accounting software. These tools come with a lot of advanced built-in features, like the ability to link an Amazon account to directly obtain seller reports for accountancy calculations.
The 9 Top Accounting Software Tools For Amazon Sellers in 2024
There are quite a few accounting software tailored for the Amazon seller market, each having its own specialty. In fact, some even allow you to link with other accounting platforms for a wide range of add-ons to make accounting easy and efficient.
There are different types of accounting software available for different types of businesses. Given below are their details and features along with plans of 10 popular Amazon FBA accounting software for Amazon sellers.
1. Quickbooks
Quickbooks was also founded with the intention of helping small business. It is available on multiple platforms for you to manage your sales on the go and is also cloud-based. It helps with bank reconciliation, tracking expenses, drafting invoices, and monitoring financial reports among others.
It also provides customized invoices, bills, and reports with the business logo. Quickbooks Online even permits data imports from Paypal, American Express, and Square.
With multiple video tutorials and online assistance, anyone can learn how to operate Quickbooks online with ease. Furthermore, those with considerable accounting experience can use this software without any hassle.
It has an online version as well as an offline version. The offline version is cheaper due to the availability of local storage.
Plans for Online version of Quickbooks –
Self-Employed (Freelancer)
$7.50 per month
Concurrent user – 1
Simple Start
$12.50 per month
Concurrent user – 1
Plus (MOST POPULAR)
$35 per month
Concurrent user – 5
Advanced
$75 per month
Concurrent user – 25
It offers a 30-day trial period on all plans.
Check out the software here – https://quickbooks.intuit.com/
2. A2X Accounting
The A2X cloud software app connects systems to cloud accounting to automate bookkeeping for Amazon marketplace transactions. It is mainly used with Xero, Quickbooks, and Shopify and checks for settlements everyday.
When Amazon creates a new settlement file, A2X fetches it automatically and generates a summary. It also prepares invoices from each settlement and posts them onto the cloud accounting system. It splits multiple month settlements on a per-month basis and for multiple years.
A2X is a member of the Amazon Marketplace Developer Council, which roadmaps and plays a major role in the future of Amazon Marketplace APIs that enable seller software integration.
A2X Amazon Business Pricing Plans:
Mini
$19 per month
Automatically loads and posts settlements
1 seller account and 1 marketplace
Email support
Amazon Settlement History (up to 6 months)
Starter
$49 per month
Automatically loads and posts settlements
1 seller account and 5 marketplaces
Standard support
Amazon Settlement History (up to 12 months)
Standard
$69 per month
Automatically loads and posts settlements
1 seller account and up to 5 marketplaces
Standard support
Amazon Settlement History (up to 24 months)
Premium
$139 per month
Automatically loads and posts settlements
Up to 5 seller accounts and 5 marketplaces.
Priority Support
Amazon Settlement History(maximum available subjected to what Amazon allows)
Premium 20K
$249 per month
Automatically loads and posts settlements
5 seller accounts and up to 10 marketplaces.
Priority support
Amazon Settlement History (the maximum available is subject to what Amazon allows)
Premium 50K
$499 per month
Automatically loads and posts settlements
Up to 5 seller accounts and 10 marketplaces.
Priority support
Amazon Settlement History (maximum available subject to what Amazon allows)
Premium
$799 per month
Automatically loads and posts settlements
Up to 5 seller accounts and 20 marketplaces.
Priority support
Amazon Settlement History (maximum available subject to what Amazon allows).
Premium
$1999 per month
Automatically loads and posts settlements
Up to 10 seller accounts and 20 marketplaces.
Priority support
Amazon Settlement History (maximum available subject to what Amazon allows)
Check out the software here – https://www.a2xaccounting.com/
3. Xero for Amazon FBA
Xero was founded with the intention to help small businesses. It is cloud-based and connects with A2X and Shopify.
Founded in 2006, it leads the cloud accounting markets in New Zealand, Australia, and the United Kingdom. Forbes gave Xero the title of the World’s Most Innovative Growth Company in 2014 and 2015. It even has over 1.8 million subscribers globally.
Xero has an excellent user interface and is known for its great selection of add-ons. It can easily be integrated with A2X or Stitch Labs for a customized Amazon Seller experience.
It definitely is one of the main contenders of traditionally-available Quickbooks.
Xero also has a mobile application so that people can work while on the move.
Xero Pricing Plans –
Early
○ $9 per month
○ Send 5 invoices and quotes
○ Enter 5 bills
○ Reconcile 20 bank transactions
Growing
○ $30 per month
○ No limit on invoices and quotes
○ No limit on bills
○ No limit to reconcile bank transactions
Established
○ $60 per month
○ No limit on invoices and quotes
○ Enter 5 bills
○ No limit to reconcile 20 bank transactions
○ Multi-currency support
○ Support for specific expenses and projects
It offers a 30-day trial period on all plans.
Check out the software here – https://www.xero.com/us/
4. Fetcher for Amazon Sellers
Fetcher was conceived to address the tedious and time-consuming task of organizing seller data. It is part of a suite of premium Amazon seller apps – Jungle Scout and Jump Send and Splitly.
This amazon accounting software believes in security, accuracy, and ease of use. The main feature of Fetcher is being able to collect seller data and perform business accounting calculations on them. So it helps in making smarter financial decisions.
Fetcher works on the following Amazon Marketplaces – USA, UK, Spain, Mexico, Italy, Canada, France, and Germany.
Fetcher Pricing Plans –
Startup
$19 per month
Up to 2500 orders per month
Business
$39 per month
Up to 5000 orders per month
Enterprise
$99 per month
Unlimited orders per month
It offers a month-long trial period on all plans.
Check out the accounting software for amazon here – https://www.fetcher.com/.
5. Godaddy bookkeeping(previously Outright)
Godaddy online bookkeeping is another online bookkeeping software and was previously called Outright, which was then acquired by Godaddy (a domain-name service provider). A browser is required to run the software.
It is exceedingly simple to use and doesn’t require any prior accounting knowledge, unlike Quickbooks or Xero.
It sends an automated “Thank You” email after receiving payments to maintain better customer relations.
There is sometimes a slight lag while reflecting bank balance, so it isn’t recommended for huge businesses since it has no inventory integration.
Plans for Online version –
1 month – around $10
3 months – around $28
6 months – around $56
1 year – around $92G
6. Link My Books
Link My Books works along with Xero to provide excellent Amazon bookkeeping services. It claims to be simple to use and packed with multiple features made for Amazon sellers.
Amazon is known for complex and complicated reports. Using Link My Books, tool transactions can be loaded into Xero.
It supports only Amazon seller accounts of these regions:
Europe
North America
Japan
Australia
Plans(Promotion prices may vary)
Starter Amazon business –
Around $11
Up to 200 orders per month
1 Amazon Seller Account
1K –
Around $24
Up to 1000 orders per month
2 Amazon Seller Accounts
5k –
Around $36
Up to 5000 orders per month
3 Amazon Seller Accounts
10k –
Around $60
Up to 10000 orders per month
5 Amazon Seller Accounts
25k –
Around $133
Up to 25000 orders per month
5 Amazon Seller Accounts
50k –
Around $219
Up to 50000 orders per month
5 Amazon Seller Accounts
100k –
Around $365
Up to 100000 orders per month
5 Amazon Seller Accounts
It offers a 14-day trial period on all plans.
Check out the Amazon sellers software here – https://linkmybooks.com/
7. Taxomate
Taxomate was started to compete with those overpriced accounting services. It is used as an accounting tool along with Quickbooks or Xero and is considered an alternative for A2X as a third-party provider.
It supports ten marketplaces:United States, Australia, Mexico, Canada, United Kingdom, France, Germany, Italy, Spain, and Japan.
It basically imports order sales, sales tax collected to other accounting software and boasts a vibrant and interactive user interface.
It supports only Amazon seller accounts of these regions:
Europe
North America
Japan
Australia
Taxomate Plans
Starter plan
$9 per month
Up to 200 orders per month
1K plan
$19 per month
Up to 1000 orders per month
2 Amazon Seller Accounts
2k plan
$35 per month
Up to 2000 orders per month
3 Amazon Seller Accounts
5k plan
$49 per month
Up to 5000 orders per month
This continues all the way to the 200K plan. All plans support unlimited Amazon Marketplaces and unlimited Amazon seller accounts
Check out the software here – https://www.taxomate.com/
8. Sellerboard
Sellerboard is a Germany-based startup aiming to build the world’s most functional and user-friendly management accounting tool for Amazon sellers. It supports the US, Canada, Mexico, and all EU marketplaces.
It has features like a live historical data dashboard, a PPC dashboard, Amazon sales, inventory management, restock alerts, an autoresponder, refunds or lost inventory, track inventory, and user and rights management. It offers a 1 month free trial of any plan for Amazon sellers.
It supports only Amazon seller accounts of these regions:
Europe
North America
Japan
Australia
Sellerboard Plans
Standard
$19 per month, $99 half-yearly, and $179 yearly
3000 orders per month
Autoresponder: 150
Additional seller accounts – 4
Additional users – 1
Professional
$29 per month, $149 half-yearly, and $279 yearly
6000 orders per month
Autoresponder: 6000
Additional seller accounts – 6
Additional users – 2
Business
$39 per month, $199 half-yearly and $369 yearly
15000 orders per month
Autoresponder: 15000
Additional seller accounts – 8
Additional users – 4
Enterprise
$79 per month, $419 half-yearly and $759 yearly
50000 orders per month
Autoresponder: 30000
Additional seller accounts – 16
Additional users – 4
Can manage user access rights.
Check out the software for Amazon sellers here – https://sellerboard.com/
9. Free amazon fba accounting software – Excel, google sheets
One of the best accounting tools for starters or small business owners is a simple Excel or Google Sheet with its well-known, complex data management and customization. Although it doesn’t have some of the accounting features other online accounting tools does.
Excel is helpful for simple bookkeeping and can also be set up for complex applications (which is hard to do). Moreover, MS Excel can be powered up with macros for multiple functionalities in accountancy calculations.
Google Sheets has come a long way from being not as good as Excel to become much better with the integration of several APIs. The fact that its a cloud based accounting software gave it a huge advantage over Excel. However, Excel also has an online service integrated with Office365 for multiple users.
If you need an application that isn’t browser-dependent, then Excel is perfect. Otherwise, you can definitely opt for Google Sheets.
Conclusion - Which Amazon FBA accounting software is the best?
The answer to this question actually varies with the needs of the user. For a beginner, GoDaddy Bookkeeping, MS Excel, or Google Sheets might suffice as the best accounting software. For an established Amazon business that want better functionality and features, Xero or Quickbooks would do the job.
But in an ideal scenario, A2X integrated with Xero seems like the best option for an Amazon FBA accounting software. For advanced Amazon FBA sellers check out Forecastly to keep on top of inventory.
Q&A - Amazon Accounting Software
Does XERO integrate with Amazon?
Yes, Xero can be integrated with Amazon. It works seamlessly with Amazon to provide a better accounting experience. It can also combine with A2X, which is another accounting tool, to make your job easier and more efficient with multiple features and add-ons.
Xero can integrate with 800+ business apps to provide customised features and solutions to all kinds of accounting needs.
Does QuickBooks work with Amazon?
Yes, Quickbooks operates perfectly fine with Amazon. It is one of several accounting tools after A2X and Xero and provides many features. Moreover, it is easy to use if you have basic accounting experience.
What is the best accounting software to use for Amazon FBA business?
This whole article was meant to find the appropriate response to this very question. So to answer it, for a beginner or small businesses, the best accounting software could be Excel, Google Sheets, or GoDaddy Bookkeeping.
For established and large-scale Amazon business, on the other hand, accounting software like A2X, Xero, and Quickbooks are perfect.
Xero can be combined with A2X, Quickbooks or Taxomate to provide more flexible according to features and business needs.
