To use the Cost of Goods Sold feature, you would need to first enable it in A2X > Settings > Cost of Goods Sold:

Then, you will need to provide A2X with two things:

A/ Cost price data for your Amazon products (Costs > Manage Costs tab)

B/ The asset and expense accounts from your chart of accounts (Settings > Cost of Goods Sold)

After you enable COGS in the A2X settings, upload your costs and configure your asset and expense accounts, you will need to refresh any old settlement/payout periods that you wish to recalculate the COGS data for.

You can do this on a single settlement by clicking the 'Refresh' link, or using the Bulk Actions to refresh multiple settlement periods at once.

When the settlement/payout has been refreshed you can click 'Review' to see the details of the COGS for that period and send the data to your accounting system.

Below are links to Cost of Goods Sold setup articles for each of our integrations:

A2X for Amazon: Cost of Goods Sold

A2X for Shopify: Cost of Goods Sold

A2X for Walmart: Cost of Goods Sold

A2X for eBay: Cost of Goods Sold

A2X for Etsy: Cost of Goods Sold

If you have any questions or need assistance with setting up the Cost of Goods Sold Feature, feel free to email our support team at contact@a2xaccounting.com , and we will be happy to help!

Hint: If you are in chat and wish to view the article outside of the chat window, please click HERE

Did this answer your question?