Amazon Accounting Made Easy - Partnership between ProfitPath and pathway!

pathway solutions has established itself in Germany as a leading expert for automated DATEV accounting in eCommerce. The company has a deep understanding of the special rules and needs of German online retailers regarding accounting and legal compliance. The team started with Shopify and Stripe accounting, and now the solution is finally available for Amazon sellers too!

We at ProfitPath use pathway ourselves to automate our sales, which is why we also want to recommend an unprecedented, comprehensive solution to our German Amazon sellers that simplifies their workflows and increases their efficiencies.

Here's the link to Pathway:
https://pathway.cello.so/eONtqkKzh8p

(*we earn an affiliate commission if you sign up through ProfitPath.)

What is pathway?

Pathway Solutions specializes in automating the often complex and time-consuming accounting processes for e-commerce businesses (Amazon exports to DATEV). Their focus is particularly on the Amazon fee chaos and seamlessly transferring revenues into DATEV. Pathway Solutions offers a robust Amazon integration that automates the entire process of transferring important Amazon sales data without a single click directly into DATEV. This eliminates the manual effort and potential sources of error associated with traditional methods. The development of this solution was carried out in close cooperation with Amazon merchants and tax consultants to ensure that the specific requirements of this market are optimally met. Over 2000 Shopify merchants and tax consultants already use Pathway's solutions, which underscores their strong presence and trust in their expertise in the German market.

The Amazon to DATEV service from pathway addresses several key challenges in an intelligent manner that, in our view, Amazon sellers are confronted with:

• Automated allocation of revenues, fees, and shipping costs: Pathway's software provides a monthly automated allocation of revenues, fees, and disbursements. This eliminates manual and error-prone reconciliation processes that often occur when manually processing large volumes of data in Excel.
• Automatic fee booking with correct sales tax: The system automatically books all types of Amazon fees, ensuring that the correct sales tax (19%, 7%, or tax-exempt) is applied and the fees are allocated to the appropriate DATEV account. This also applies to newly introduced types of fees, about which the system informs the user's accounting department. In case of errors in the Amazon account, the tax can be corrected in compliance with the law.
• Elimination of manual bookings and reconciliations: The platform connects via API to Amazon Seller Central (or Shopify, if orders are imported there) and Amazon Payments / Payouts to create DATEV-compliant accounting records. All payments are automatically reconciled, thus completely eliminating the need for manual adjustments and reconciliations.
• Clean DATEV exports and optional API transmission: All accounting data is available for download in the standard DATEV format or can be seamlessly and automatically transferred to DATEV via API.
• Support for discounts and credits in the BWA: The smart booking matrix supports the creation of a meaningful E-Commerce business economic evaluation (BWA) by automatically recognizing discounts and shipping costs and booking them correctly. Additionally, different product types can be booked on individual accounts, allowing for a more detailed and informative BWA than previously common.
• Official partnership with DATEV and Amazon: Pathway Solutions is an official partner of both DATEV and Amazon. This partnership underscores the reliability, compliance, and seamless integration of the solution offered.
• VAT Audit and OSS-Readiness: The service includes integrated checks of VAT and data plausibility to ensure the application of correct tax rates. Moreover, the solution is ready for the One-Stop-Shop (OSS) scheme, which simplifies VAT settlement across the EU.

In a nutshell, we are also pathway users and excited. The only drawback, pathway cannot help with PAN EU.

ProfitPath is an online arbitrage software that helps you find profitable products for resale on Amazon. The software automatically analyzes millions of items from over 700 stores, compares prices in real-time, and instantly shows you where you can purchase products at a low cost and resell them for a profit. Currently, ProfitPath monitors more than 135 million products daily and identifies those particularly suitable for resale based on solid data.

The result: You save time, reduce risks, and specifically increase your profits.

Key features of ProfitPath:

• Automated product search ProfitPath analyzes millions of offers daily for profitability, sales volume, and market demand – fully automated and data-driven.
• Powerful filtering capabilities You decide what is displayed to you: filter by profit margin (e.g., at least 10%), monthly sales (e.g., 500+), specific brands like Bosch or by many other criteria – all tailored to your individual strategy.
• Real-time competitive analysis Keep an eye on your competition: ProfitPath monitors relevant sellers and notifies you as soon as new, profitable products emerge that you can purchase and resell.
• Wholesale Catalog AnalysisUpload your wholesalers' catalog files – within seconds, ProfitPath shows you which products are particularly suitable for resale.
• Integrated Profit Calculator Calculate your margin in detail – including Amazon fees, shipping costs, taxes, and other deductions – for maximum planning reliability.
• Intuitive user interface The software is designed to enable both beginners and professionals to work efficiently – without technical barriers.
• Dedicated app for in-store scanning Scan products directly in retail stores with our mobile app and get instant profitability analyses – perfect for retail arbitrage on the go.

Why have we decided to come together?

ProfitPath and Pathway have joined forces to create a comprehensive solution for Amazon sellers – from product discovery to accounting.

While ProfitPath serves as a powerful online arbitrage software laying the foundation for initial successful sales, Pathway ensures that all financial and tax-related challenges surrounding Amazon are efficiently managed.

The result: A perfect combination of operational efficiency and financial oversight – for more growth, less stress, and maximum control over your Amazon business.

Your advantages as a user:

Receive a free onboarding worth up to 150 €, when you tell the pathway team that you came via profitpath!

Our recommendation:
With pathway from Amazon to DATEV – simple, secure, and efficient!