🤖 Connect TurboTax with Amazon FBA Marketplace for Amazon Sellers in 2020 🤖

Step 1. Integrate Amazon and QuickBooks Online with taxomate

Integrating QuickBooks with taxomate is quick and easy. After connecting your accounts, simply map your accounts QuickBooks with income and expenses from your Amazon statement.

After sending a statement to QuickBooks for testing, you can now set up Amazon to auto sync with QuickBooks!

Step 2. Importing from QuickBooks to TurboTax

QuickBooks Online doesn't yet directly integrate with TurboTax Online.

However, worry not!

a. For TurboTax Online

You can easily run reports in QuickBooks Online to capture all the data required to enter into TurboTax, such as Profit & Loss and Balance Sheet reports.

b. For TurboTax Desktop

TurboTax Desktop (Mac or PC) allows you to import the QuickBooks Online file. Here are the steps to import:

Step 1. Open your return in TurboTax Business.

Step 2. From the File menu in the upper left corner, select Import > From QuickBooks.

Step 3. Follow the on-screen instructions to import.

Step 4. That's It! taxomate really makes Amazon Seller Central and TurboTax integration easy

Six Reasons to Use TurboTax

1. Taxes done right, guaranteed

The guarantee that they claim is 100% accuracy. Their solid error checks ensure that your tax return is finalized well. If you pay state penalty or IRS or interest due to any error TurboTax could possibly incur, they will pay the charge for you. That’s how confident they are that they can do their job spot on.

2. Expert help, live on-screen

An actual TurboTax expert will guide you on screen with their SmartLook system. They’ll draw right on your screen to get the answers you need in order to file seamlessly. All you need to do is follow the guide and head towards the best track.

3. Fastest tax refund possible

You can get the fastest tax refund here by simply filing your tax return digitally. If you buy the TurboTax Online or their CD/Download, you can even get the e-file of your federal tax return FREE of charge.

4. Capture your W-2 in a snap

Just capture a photo of your W-2 with your smartphone or tablet, confirm the information and watch as your data is carefully placed into each tax form suitable for you.

5. Security and confidentiality assured

Your information is in safe hands with TurboTax. You can file taxes with confidence with them.

6. Service on the go

Wherever you are, whenever you need to, you can get your taxes done with TurboTax mobile app. You can easily pick up where you left off even after switching devices.

What do I need to get started with TurboTax?

You don’t need anything complex. All you need to ready is your email address. In just a few clicks, you can get everything set with a breeze. Just answer a series of easy questions, and you’re good to go. You do not even have to get your 1099s or W-2s. TurboTax can import your data directly from over a million participating financial firms and employers.

Despite the convenience of TurboTax and other online tax solutions, only 21% of Americans actually use them. The majority of the rest still use live tax professionals to get the job done.

TurboTax costs less than a hundred bucks, and actual tax experts cost up to four times higher. Perhaps it’s about time for a wide adaptation of this resource to save cash and to promote real automation. TurboTax is a great solution for your Amazon seller bookkeeping needs.

So . . .

It's not an easy task to export your Amazon statements to QuickBooks/TurboTax. However, once you get started using taxomate it becomes much easier. Let taxomate do the heavy lifting!

How to Quickly and Cheaply Purchase Amazon UPC Codes 🏷️

As a new (or expert) Amazon Seller it is always important to understand Amazon UPC codes. Amazon requires all products to have a UPC prior to being listed.

The only requirement Amazon places on these codes is that you purchase a “GS1 UPC code”. However, you can't just create your own UPC Code, you have to buy through a reputable website (see below).

Do you Need Amazon UPC Codes to Sell Products on Amazon?

The reason you need a UPC code to sell on Amazon is that you can enter something into the product ID field when you list a product for sale. Select “UPC” from the drop-down menu of the “Product ID” section. You can’t even list a product to sell on Amazon without an appropriate UPC code.

UPC Codes are also known as “barcodes”.

What to Put In the Amazon Product ID Section

EANs and UPCs are the main Amazon product IDs used in Australia, New Zealand, and many Western and European countries (including USA, UK, Canada)

How to Purchase Cheap Amazon UPC Codes

1. Buy Amazon UPC codes through a reputable website (see below)
2. Download the barcodes through an Excel spreadsheet and JPEG images
3. Create your Amazon Product Listing
4. Enter the UPC code into the “Product ID Field” to verify its authenticity
5. Complete your product listing

Where to Buy Amazon UPC Codes

When people look for cheap UPC codes they turn to shady sellers and get them from eBay. It’s most likely that these cheap codes are recycled. Using recycled codes may lead Amazon to believe you sell fraudulent products, which get your account shut down. Let's take a look at some trusted sellers of cheap Amazon UPC codes:

• Snap UPC: a trusted UPC code seller for Amazon. They also have codes for other sites including eBay. Sellers can buy individual barcodes for five dollars each, or get bundles for better savings – up to $0.10 per barcode.
• Order Barcode Labels is another trusted seller. Amazon sellers can use the website to generate barcodes for their products and purchase them. The prices for labels range between $15 for 250 labels up to $25.50 for 1000 labels. Labels are also available in a variety of materials and sizes, including the option to purchase waterproof labels.
• Buyabarcode.com: An online store where you can purchase barcodes at a range of prices from $75 for a single barcode to $995 for 200.
• Barcode Mania: One of the most reasonably priced barcode providers around. They have barcodes available for just $4.99 for a single barcode, with prices going up to $140 for 600 codes.

UPC Code for Amazon FAQ

1. How many UPC codes do I need per product?

You only need to list one UPC code for new products on Amazon. For example, one UPC code will cover all “t-shirts”, no matter how many shirts you sell.

2. I’ve never sold products on Amazon before but want to start a private label business. It asks me for a product ID whenever I go to create a new product. Is that where I enter the UPC code?

This is where the UPC code goes. You need a product ID to list a new product on Amazon. Choose UPC from the menu and enter the appropriate UPC code.

3. Will the UPC code be the same for the same products?

The UPC code for the same products will be the same. You can use one UPC code for many matching products. If you have already listed an item, then just change the amount of product you sell.

4. Do I need a UPC code to list a product I’ve already got a listing for on Amazon?

If you will list the same item more than once on Amazon you should be able to piggyback on the current details page instead of having to make a brand-new one. This means you don’t need to purchase a UPC code if you already have the item up for sale. Choose ASIN for the product ID and enter the ASIN number from the existing listing.

5. Do I need to physically put the Amazon UPC code on the products I list?

You can list as many products as needed through a single UPC code. If you are selling 100 hairbrushes, then you only need the one UPC code for the product listing on Amazon. You don’t need to actually put the UPC code on the product either.

Amazon gives each item you list a unique identifier. This code is what you put on the actual products. The UPC code is only there for listing the product.

6. What are some other common terms in the Amazon Product ID section of Amazon listings?

ASIN

The ASIN is the Amazon Standard Identification Number. It is a 10-digit alphanumeric unique catalog number assigned by Amazon that won’t actually be generated until the product is listed.

When creating a new product listing with a UPC code, Amazon assigns the new listing an ASIN identification. This is how the systems at Amazon keep track of which sellers are selling which versions of which items when multiple people list the same products.

GCID (for Advanced Users Only)

When creating a brand on Amazon you will be given a unique identifier for your brand to list products under. 

The ID can only be used when adding new products that are part of the approved registered Brand list.

Registering your brand on Amazon allows you to circumvent the entire UPC code stage of listing a product. It allows you to sell products without a UPC code. It’s something to consider once your sales ramp up on the platform.

GTIN

A GTIN is part of another code, such as an EAN or UPC code. These are 14-digit codes used to identify products, services, and items. Think of them as the umbrella that collects the GS1 barcodes we’ll be using, including UPC codes.

Keep things simple by keeping in mind that all product listings require a UPC code. This should be standard practice for you.

So . . . 

Remember that you only need a UPC code to make an initial listing on Amazon. You don’t need to physically apply them to each product. You also only require one UPC code for each variation of your product. You don’t need UPC codes if you sell via retail arbitrage. Products you get via arbitrate are shipped with barcodes that you can use to list and sell products.

Don’t forget that you just want to sell your products on Amazon. You don’t want to have to worry about UPC codes and logistics. You don’t need to get much deeper into the discussion on UPC codes. This is only a small part of ranking products on Amazon and running your own Amazon business.