Taxomate is an automated cloud-based service used by Amazon merchants to import their Amazon sales and fee transactions and to post summarized transactions to QuickBooks Online or Xero. It will automatically find your latest Amazon settlements and post summarized transactions to your accounting system. Once imported into QuickBooks or Xero, you can easily reconcile the transactions with your bank deposits received from Amazon.
Each time Amazon initiates a settlement, taxomate detects it, loads the transactions, and generates a summary of the revenue, expenses and the various other transactions. You can also select which accounts and tax rates The software should use for each Amazon transaction type. It makes manual imports unnecessary, and can automatically calculate sales tax by selecting the states where tax has to be collected.
Starting at $9.00 per month – Free Trial
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