Integrating with A2X streamlines your cost of goods sold (COGS) tracking, making it easier to manage your financial data efficiently. Settle helps A2X calculate COGS by sharing the weighted average cost of the items you sold. This weighted average cost includes additional expenses, such as shipping, incurred when obtaining the inventory. This guide walks you through the steps to connect Settle with your A2X account.
This feature is currently in limited beta availability. If you're interested in getting on the waitlist, reach out to your Customer Success Rep.
Integrating Settle with A2X
Integration with A2X cannot be initiated from the Settle app. To import your landed costs, you’ll need to complete the connection process directly within your A2X account. Additionally, please ensure you have a verified bank account before proceeding.
Log in to A2X
Start by logging in to your A2X account. Once on your dashboard, locate the Settle tab and select "Connect Settle."
Choose Your Business
If you have multiple businesses connected to Settle, you'll be prompted to choose the specific business you want to integrate with A2X.
Authorize the Integration
Select the "Authorize" button to allow A2X (Acme Corporation Global Markets Ltd) to access your data on Settle. Once connected, Settle will automatically pass the weighted average costs data to A2X daily at 1am UTC.This step will enable the auto-import of COGS into Settle, streamlining your financial reporting.
Disconnecting A2X
If you need to disconnect A2X from Settle, you can do so via your A2X account.
COGS creation in your Settle account
COGS are created in Settle through your ongoing usage of our purchase order tools.
If you're new to Settle or if you're new to tracking landed costs in Settle, you'll need to take a few steps to get started.
First, you'll need to ensure your catalog is created.
From there, you have 2 options to generate COGS in Settle.
Option 1: Since you're catalog is brand-new, you can add baseline costs to your SKUs.
👉 Read more on our Adding baseline costs to your catalog items
Option 2: Alternatively, you can create historic POs that list SKUs, costs, and any additional landed costs.
👉 Read more on our Adding landed costs to POs
Now that you've added either of these, Settle updates Weighted Average Landed Cost and posts this to A2X daily at 6pm EST.
FAQs
How is COGS calculated in the A2X integration
Item costs passed to our A2X integration as COGS are calculated using the Weighted Average Cost (WAC) methodology of our Product Cost Report.
👉 Read more on our Product Cost Report
Important notes
If you are using our A2X integration, you will receive the Product Cost Report, not the EOM Report. We do not support both reports for the same customer because they use different methodologies for calculating landed costs.
Launch businesses receive WAC (Weighted Average Cost) and the Product Cost Report, which aligns with A2X.
Accelerate and Elevate businesses receive batch landed costs, which are used in the EOM Report.
Exception:
For Accelerate and Elevate businesses that use A2X, we provide a report similar to the EOM Report, but it will use WAC to maintain consistency and avoid mixing different cost calculation methods.
👉 Read more on our EOM report