Startup Name: taxomate
Tagline: Automate Your Amazon FBA Seller Accounting
Elevator Pitch: taxomate makes it easy for you to import Amazon marketplace transactions into QuickBooks Online. Once imported into QuickBooks you can easily reconcile the transactions with bank deposits received from Amazon.
Most importantly, its journals posted to QuickBooks will match perfectly against the corresponding deposit from Amazon, saving you countless hours of manually inputting your transaction statements. It automatically fetches and processes Amazon settlements, generates journals for each settlement and posts them to QuickBooks Online, automatically.
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. Configure taxomate to aggregate sales by SKU, by product type, or by country. You select which accounts and tax rates taxomate should use for each Amazon transaction type.
Target Market: Amazon merchants
How will you make money?: Monthly pricing model
How much capital have you raised?: 10-50k
Founder(s) Name: Michael Schwartz
Website: http:// www.taxomate.com