Step Four: Export Statement to QuickBooks or Xero

By Michael Schwartz

Updated 1 day ago

A. Settlement Export to QuickBooks or Xero

Imported Amazon Settlements will show up under settlements on the left menu.

You have the option to review, export, delete, or send a settlement:

Once you have properly mapped any accounts, you can send the statement to QuickBooks or Xero.

In QuickBooks Online the settlement will be posted as a journal entry, which can easily be matched with your bank deposit. You must connect your bank account separately to either QuickBooks to properly reconcile.

In Xero Accounting the settlement will be posted as a draft invoice, which can similarly be matched to your bank deposit. You must connect your bank account separately to either Xero to properly reconcile.

B. Customize Settlements

You can also customize the mapping of a specific statement, by selecting the specific transaction number of the statement you would like to review.

C. Setting Up Auto Sync

After sending your first settlement and checking QuickBooks or Xero to verify it has imported properly, you are ready to setup Auto Sync.

Auto Sync allows you to automatically send your settlements to QuickBooks or Xero after the settlement is imported into taxomate from Amazon. taxomate imports settlements soon after they are posted to Amazon Seller Central.

To setup Auto Sync go to Settings and Account and select the checkbox for Auto Sync


And that is it - Congrats!

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