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taxomate

by taxomate · Since 2018
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ActiveAvailable globallyCloudOn-premise
Quick facts
Vendortaxomate
Year launched2018
StatusActive
LocationBrooklyn, New York 11201, US
Countries servedGlobal
Languages6
Integrations7+
Free tierNO
Free trialYES
Contact salesNO

About taxomate

Taxomate is a robust integration software designed to simplify the tax compliance process for e-commerce businesses.

Taxomate is a cloud based ecommerce accounting automation platform designed to help online sellers and accountants manage bookkeeping tasks more efficiently by automatically syncing marketplace sales data with accounting software. The platform connects major ecommerce channels such as Amazon, Shopify, eBay, Walmart, and Etsy with accounting systems like QuickBooks, Xero, and Wave, allowing businesses to consolidate financial information from multiple sales platforms into one organized system. Instead of manually exporting reports or entering transactions, Taxomate automatically imports settlement data including sales, refunds, fees, taxes, and shipping costs, then converts these transactions into structured accounting entries that can be reviewed or posted directly to the accounting software. One of the key strengths of Taxomate is its ability to simplify complex marketplace transactions by breaking them into categorized financial components that match standard accounting records. This automation helps businesses reconcile payouts from ecommerce platforms with bank deposits while reducing errors caused by manual bookkeeping. The platform also supports mapping rules and customizable templates so users can align imported transaction data with their existing chart of accounts and financial reporting structure.

Pros & Cons

Pros
  • Automates the process of importing Amazon seller fees and transactions into accounting software
  • Ensures that marketplace payouts match bank deposits exactly, simplifying the month-end reconciliation process.
  • Provides clear visibility into Amazon fees, storage costs, and refunds that are often difficult to track manually.
  • Scales easily with the business, handling thousands of transactions without requiring additional administrative overhead.
  • Maintains a clean and organized chart of accounts by summarizing data before it reaches the accounting software.
Cons
  • Initial configuration of account mapping and tax settings requires a solid understanding of basic accounting principles.
  • May experience syncing delays or errors if marketplace API permissions are revoked or expire.
  • The cost of the service scales based on order volume, which can become expensive for high-volume, low-margin sellers.
  • Some users may find the interface less modern compared to newer, "all-in-one" e-commerce management platforms.
  • Does not currently support every niche global marketplace, focusing primarily on the largest players like Amazon and eBay.

Features

Key features

Automated Marketplace Integration

Connects directly to Amazon, eBay, Walmart, and Shopify to fetch settlement and order data automatically.

Accounting Software Sync

Bridges the gap between e-commerce platforms and accounting systems like QuickBooks, Xero, and Sage.

Settlement Reconciliation

Breaks down complex marketplace payouts into individual line items for sales, fees, and taxes to match bank deposits.

Cost of Goods Sold (COGS) Tracking

Calculates and records the cost of inventory sold to provide an accurate view of gross profitability.

Tax Mapping and Jurisdictions

Maps various tax types and marketplace-collected taxes to the correct accounts in the user's general ledger.

Additional features

Historical Data Import

Allows users to fetch and sync past transactions from marketplace accounts to catch up on previous months or years of bookkeeping.

Multi-Currency Support

Handles international sales by converting foreign currency transactions into the user's home currency using current exchange rates.

Grouped Journal Entries

Summarizes daily or monthly transactions into clean journal entries to prevent the accounting software from being cluttered by thousands of individual orders.

Inventory Valuation

Provides tools to value remaining stock and track changes in inventory asset value over time.

A2X Alternative Workflows

Offers a streamlined interface designed specifically for high-volume sellers who need a simplified alternative to more complex connectors.

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

Global
Countries served
6
Interface languages
16
Billing currencies

Interface languages

EnglishFrenchGermanSpanishItalianJapanese

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇨🇦CAD🇦🇺AUD🇯🇵JPY🇨🇭CHF🇸🇬SGD🇭🇰HKD🇳🇿NZD🇸🇪SEK🇳🇴NOK🇩🇰DKK🇮🇳INR🇨🇳CNY🇰🇷KRW

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