For Amazon sellers using Fulfillment by Amazon (FBA), the best accounting software comes with comprehensive reporting, easy-to-use features and integrations with useful e-commerce apps — for instance, ones that can help with inventory tracking.
Although inventory management is a critical component of your profitable Amazon business, it’s not the only thing you need to take into consideration when you choose accounting software. Having a true double-entry accounting system in place with balance sheets and reconciliation capabilities is essential because it leaves less room for error. Before you settle on accounting software for tracking sales on Amazon, make sure it is a true double-entry accounting system, like the options on our list.
Here are our top picks for accounting software for Amazon sellers along with a couple of products that didn’t make the cut.
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Best Accounting Software for Amazon Sellers
Product | Promotion | Learn more | ||
|---|---|---|---|---|
QuickBooks Online Learn more on QuickBooks Online's secure website | 5.0/5 Best for Overall accounting software for Amazon sellers | $35/month Additional pricing tiers (per month): $65, $99, $235. | 50% off for first three months or free 30-day trial. | Learn more on QuickBooks Online's secure website |
Xero Learn more on Xero's secure website | 5.0/5 Best for Simple accounting software for Amazon sellers | $15/month Additional pricing tiers (per month): $47, $80. | 30-day free trial or monthly discount (terms vary). | Learn more on Xero's secure website |
Zoho Books Learn more on Zoho Books' secure website | 4.5/5 Best for Multilingual, multicurrency accounting software for Amazon sellers | $0 Additional pricing tiers (per month): $20, $50, $70, $150, $275. | 14-day free trial of the Premium plan. | Learn more on Zoho Books' secure website |
A2X | Best for E-commerce integration to use with accounting software | $29/month Additional pricing tiers (per month) starting at: $79, $89. | Free trial Trial time is unlimited, but functionality is limited. |
Our pick for
Overall accounting software for Amazon sellers
QuickBooks Online
Learn more
on QuickBooks Online's secure website
Starting at
$35/month
Additional pricing tiers (per month): $65, $99, $235.
Promotion
50% off
for first three months or free 30-day trial.
QuickBooks Online is an industry leader in the accounting field, thanks to its strong feature set, scalability and ability to accommodate small businesses with more complex financial needs. With millions of users worldwide, your accountant will likely be familiar with it.Read full review
Pros
- Easy to share information with your accountant and to find QuickBooks experts and online resources if needed.
- More than 750 app integrations.
- Robust feature set includes record-keeping, reporting, invoicing and inventory management, plus a capable mobile app.
- Chat and phone support available Monday through Saturday in all plans.
Cons
- Expensive compared with the competition.
- Frequent price increases and a tendency toward upselling.
- Limited account users with each plan.
Our pick for
Simple accounting software for Amazon sellers
Xero
Learn more
on Xero's secure website
Starting at
$15/month
Additional pricing tiers (per month): $47, $80.
Promotion
30-day free trial
or monthly discount (terms vary).
Xero allows unlimited users at every subscription tier, a valuable feature for businesses where several users may need at least limited access to the system to run reports or analyze performance. Xero also has a customizable analytics dashboard that lets each user rearrange or hide panels.Read full review
Pros
- Unlimited users in all pricing plans.
- Integrates with more than 1,000 third-party apps.
- Feature set includes an excellent mobile app and suite of reports, capable invoicing features, plus automated bill and receipt capture through Hubdoc.
- Simple layout and easy to use.
Cons
- No phone number for customer support listed.
- Entry-level plan limits bills and invoices to five and 20 per month, respectively.
Our pick for
Multilingual, multicurrency accounting software for Amazon sellers
Zoho Books
Learn more
on Zoho Books' secure website
Starting at
$0
Additional pricing tiers (per month): $20, $50, $70, $150, $275.
Promotion
14-day free trial
of the Premium plan.
Zoho Books packs an impressive collection of features and capabilities for an affordable price, and higher-tier plans let users automate workflows and track project profitability. It’s an especially good choice for users that already use the company’s other in-house apps and for businesses that want software with multilingual capabilities (Zoho Books supports 10 languages).Read full review
Pros
- Less expensive than some competitors; free plan available for businesses with less than $50k in annual revenue.
- Email support in free plan; phone and chat support in paid plans.
- Rich feature set includes excellent invoicing, inventory management, workflow rules and a capable mobile app.
- Add accounting widgets to your phone’s home screen; track time using your Apple Watch.
Cons
- Fewer third-party integrations and reports than some competitors.
- No plan includes more than 15 users (can add additional users for a fee).
Our pick for
E-commerce integration to use with accounting software
A2X
Starting at
$29/month
Additional pricing tiers (per month) starting at: $79, $89.
Promotion
Free trial
Trial time is unlimited, but functionality is limited.
A2X is a software integration that seamlessly flows your e-commerce financials into your accounting software for automatic transaction reconciliation, accurate reporting and tax compliance.
Pros
- Designed specifically for e-commerce accounting.
- Highly rated integration to connect popular accounting software with your e-commerce marketplace.
- Free trial lasts for an unlimited amount of time (although you’re limited to three payouts only and won’t get access to COGS).
Cons
- Requires additional monthly subscription to link your accounting software with your e-commerce shop.
NerdWallet’s picks for the best accounting software for Amazon sellers
QuickBooks Online
Best overall accounting software for Amazon sellers
- $35 per month for the Simple Start plan.
- $65 per month for the Essentials plan.
- $99 per month for the Plus plan.
- $235 per month for the Advanced plan.
Why we picked it: QuickBooks Online offers standout reporting capabilities that can help you get a clear picture of your Amazon FBA business. As one of the most ubiquitous accounting products on the market, QuickBooks is familiar to most accountants and bookkeepers. It also uses the standard double-entry accounting method.
For access to the most useful reporting features, choose either QuickBooks Online Plus or Advanced instead of the less-expensive Essentials or Simple Start. QuickBooks Online Plus allows you to set up class and location tracking, which will help you determine what segments of your business are most profitable. You can also track inventory in QuickBooks Online Plus.
QuickBooks Online also integrates directly with dozens of apps that sync data with Amazon and other e-commerce platforms, making it an especially great accounting software for Amazon FBA sellers. Read our review of QuickBooks Online.
Xero
Best simple accounting software for Amazon sellers
- $15 per month for the Early plan.
- $42 per month for the Growing plan.
- $78 per month for the Established plan.
Why we picked it: Xero is another outstanding accounting application, particularly for those who are new to bookkeeping. With over 4 million subscribers globally, it’s a worthy competitor of QuickBooks. Amazon sellers will appreciate Xero for its ease of use, wealth of features and extensive support resources.
Like QuickBooks, Xero uses double-entry accounting and has an app marketplace with hundreds of third-party software applications that can extend the functionality of your accounting software. It lists more than a dozen apps that integrate with Amazon with Xero for seamless data transferIf you choose to use Xero and a third-party app for your Amazon accounting needs, it’s a good idea to enlist the help of an accountant or bookkeeper to ensure your data is integrating properly. Read our Xero Accounting review.
» MORE: Top alternatives to Xero
Zoho Books
Best multilingual, multicurrency accounting software for Amazon sellers
- $0 per month for the Free plan.
- $20 per month for the Standard plan.
- $50 per month for the Professional plan.
- $70 per month for the Premium plan.
- $150 per month for the Elite plan.
- $275 per month for the Ultimate plan.
Why we picked it: As a global brand that sells and ships goods all over the world, Amazon attracts sellers to its marketplace from a variety of countries. If you’re an Amazon seller whose first language is one other than English, then you may be interested in accounting software that can assist you with managing your accounts payable and accounts receivable, tracking the financial health of your business, remaining tax compliant, handling payroll and more — all in your native language. Zoho Books and its full suite of features are currently available in 22 languages, including Chinese, German and Spanish. And if your customer base extends beyond your own country, Zoho Books can handle transactions in multiple currencies while automatically calculating exchange rates. Read our full Zoho Books review.
» MORE: Best alternatives to Zoho Books
A2X
Best e-commerce integration to use with accounting software
- Starting at $29 per month for QuickBooks Online or Xero integration with Amazon, Shopify, Etsy, eBay or BigCommerce.
- Starting at $79 per month for QuickBooks or Xero integration with Walmart.
- $89 to $229 per month for multichannel integration plans.
Why we picked it: A2X is not itself accounting software but rather an app that integrates with both QuickBooks Online and Xero to automate the e-commerce accounting process for Amazon sellers. A2X automatically fetches your Amazon settlements and will post summarized transactions to your accounting software, including data on inventory and the cost of goods sold.
It’s also worth noting that A2X follows the accrual basis method of accounting. As with double-entry accounting, accrual basis accounting improves accuracy. Instead of cash basis accounting, which looks at your finances as cash comes in, accrual basis accounting focuses on revenue and expenses as they are billed. This might sound strange to some small-business owners, but this accounting method can help give you a clearer picture of your Amazon business’s profitability. Reporting your numbers on an accrual basis is particularly important to Amazon sellers, who must adhere to Amazon’s pay schedule, which typically happens bi-weekly. With A2X’s focus on accrual basis, you won’t have to worry about making misguided decisions based on cash basis accounting, making this a smart choice for your Amazon business.
🤓 Nerdy Tip
One of the biggest benefits of being an Amazon seller is that you can sell your product across the country, or even around the world. This benefit also causes a huge headache: sales tax compliance. Although most accounting programs include some sales tax features, these typically only calculate the sales tax due based on information entered by the user and generate a consolidated sales tax report for tax filing. They do not fully manage sales tax compliance. For help with this, you can purchase a subscription to a sales tax automation app, such as Avalara or TaxJar, that integrates with your accounting software as well as Amazon. We also recommend that you hire a bookkeeper to help manage your books and especially to aid you with tax preparation and filing. Check out our list of the best online bookkeeping services, which includes our top pick for tax support.Accounting software that didn’t make our list for Amazon sellers
NerdWallet considered nearly a dozen accounting products when putting together this list of the best software for Amazon FBA sellers. A couple of the products that make our best accounting software list nearly made this roundup because they offer a super solid accounting solution. However, for reasons noted below, we don’t recommend them for Amazon sellers.
FreshBooks
- $19 per month for the Lite plan.
- $33 per month for the Plus plan.
- $60 per month for the Premium plan.
- Custom pricing for the Select plan.
Why we considered it: FreshBooks routinely makes our lists of the best accounting software as an excellent solution for freelancers and self-employed individuals. We rate it 4.5 out of 5 stars for its affordability, pricing transparency, mobile app and inclusion of nearly all the standard and advanced accounting features needed to remain competitive with the top accounting products.
Why it didn’t make the cut: FreshBooks has a number of useful billing and accounting features, but it’s light on inventory management capability and requires use of a third-party product called Zapier to then integrate with Amazon Seller Central. This adds an additional layer of complexity as well as cost that can be avoided by choosing popular accounting software with its own direct integration with Amazon and other relevant e-commerce apps.
Odoo
- $0 per month for use of a single app.
- $38.90 per user per month for access to all apps.
- $58.40 per user per month for access to all apps across multiple companies plus Odoo’s external API.
Why we considered it: Odoo offers a full suite of business software applications that have been designed from the ground up to integrate seamlessly with one another. And because Odoo is built on open-source software, a community of developers is continually rolling out improvements to existing Odoo apps as well as all new software. Its pricing structure allows for use of a single one of its dozens of apps for free. If you want to use more than one app, one monthly payment will grant you access to Odoo’s full library of apps.
Why it didn’t make the cut: While Odoo does have an Amazon Connector app to sync your seller data with your Odoo apps (including accounting, sales, inventory and others), it requires purchase of a base integration module plus the connector module, which together total over $300. Setup of these modules is involved and may require developer skills. And for all the cost and configuration effort involved, much of the data syncing across Amazon and Odoo’s appears to be manual. Amazon sellers who aren’t already well-versed in code, open-source software and APIs would be better off with out-of-the-box accounting solutions like QuickBooks and Xero that use direct integrations with third-party software to seamlessly sync with their Amazon store.
Last updated on June 14, 2024
Methodology
NerdWallet independently reviews accounting software products before determining our top picks. We collect the data for our software ratings from products’ public-facing websites and from company representatives. Information is gathered on a regular basis and reviewed by our editorial team for consistency and accuracy.
NerdWallet’s accounting software ratings favor products that are easy to use, reasonably priced, have a robust feature set and can grow with your business. The best accounting software received top marks when evaluated across 10 categories and more than 30 subcategories. Learn more about how we rate small-business accounting software.
These ratings are meant to provide clarity in the decision-making process, but what’s best for your business will depend on its size, growth trajectory and which features you need most. We encourage you to research and compare multiple accounting software products before choosing one.
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