Ecominate offers a powerful suite of analytics, inventory management, and accounting tools to streamline your e-commerce operations. Our system works for small and large sellers and integrates with accounting systems like Xero and QuickBooks Online.
Ecominate is built to work with accounting systems like Xero and QuickBooks. Ecominate posts all of your sales data, cost of goods sold, and inventory adjustments as summarized journal entries right to your bookkeeping system.
Ecominate offers all of the inventory tracking and data you need to make the most out of your accounting system.
Marketplaces pay their sellers through settlement payouts. These payouts represent the leftover amount after all of the various fees and costs are subtracted by the marketplace. This lump sum payout sits on your bank statement but cannot be marked simply as income on your accounting ledger. This is where Ecominate comes in. Ecominate connects to your accounting system to create mappings that are used to match marketplace transaction types to your chart of accounts. Ecominate automatically creates a viewable transaction summary that matches perfectly to your bank feed and posts it to your ledger so you can effortlessly reconcile your payout bank statement.
Ecominate does the work for you. Our customers save hours every month by setting up a transaction mapping once and having automated settlement summaries flow into their accounting system.
Never worry about revenue numbers not matching bank deposits ever again. Ecominate has processed millions of transactions to create perfectly balanced summaries to allow you to get your numbers right.
Ecominate uses Master Products to link individual instances of a product on the various marketplaces where it is sold. This means that you are only responsible for assigning costs to one Master Product and those costs will be applied to every marketplace or sales channel where the product is sold. Assigning costs to Master Products reduces the overhead involved with keeping track of costs for all products and the individual marketplaces and sales channels where they are sold. Ecominate automatically detects and combines products for you using common identifiers like SKUs, ASINs, and Product IDs.
The Master Product model allows you to keep track of your inventory costs from a single location that performs average cost COGS calculations automatically, no matter how many marketplaces you sell on. You will no longer have to pass around and constantly update your unit cost spreadsheets.
Keeping track of unit costs across marketplaces is error prone if your finding yourself downloading various order reports to figure out how many units of a product was actually sold in total, not just on a single marketplace. The Master Products feature solves this issue by ensuring that only one cost is applied per SKU no matter the number of marketplaces or channels it is sold on.
Take the hassle out of inventory accounting. Simply plug in unit costs for each of your products and Ecominate will handle the rest. If your costs fluctuate regularly, you can also apply date ranges to your unit costs that accurately reflect cost changes.
Unit costs in Ecominate are flexible with multi-date range support. If you’ve made a data entry mistake, you can simply change any number in seconds and your COGS will be automatically recalculated.