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Amazon account and tax rate mappings for Australian businesses
Amazon account and tax rate mappings for Australian businesses

An explanation of our default account & tax mappings for Australian businesses selling on Amazon

Daniel Little avatar
Written by Daniel Little
Updated over a week ago

The team at Link My Books are happy to provide users with technical assistance in applying tax rules to their Link My Books setup. We are not Tax Advisors and so our advice and suggestions on the application of tax rules cannot be construed as tax advice. We highly recommend that users seek advice from qualified accountants for their tax compliance.

Link My Books exists to make accounting for your Amazon (and other e-commerce channels) sales, refunds, fees and GST easy and accurate.

That's why as part of our quick and easy setup wizard, we'll provide you with some default accounts and tax rates to confirm.

This means that you can be confident your bookkeeping is clean and accurate. Trust me, your accountant will thanks you for it.

Link My Books default accounts for Amazon

Amazon has hundreds of different transaction types, so to keep things simple we group them into 10 top level categories:

  1. Amazon Sales

  2. Amazon Refunds

  3. Amazon FBA Inventory Reimbursements

  4. Amazon Seller Fees

  5. Amazon FBA Fees

  6. Amazon Storage Fees

  7. Amazon Advertising Costs

  8. Amazon Sales Tax (only for US sales tax collected and withheld)

  9. Amazon Loans

  10. Amazon Reserved Balances

If you accept our default accounts during setup we'll create one account for each of these different categories and add them to your existing chart of accounts in Xero or QuickBooks.

Here are our default accounts:

Account Code & Name

Account Type

LMB1: Amazon Sales


LMB10: Amazon Refunds


LMB2: Amazon FBA Inventory Reimbursements

Other income

LMB3: Amazon Seller Fees


LMB4: Amazon FBA Fees


LMB5: Amazon Storage Fees


LMB6: Amazon Advertising Costs


LMB7: Amazon Sales Tax

Current Liability

LMB8: Amazon Loans

Current Liability

LMB9: Amazon Reserved Balances

Current Asset

πŸ’‘Good to know

You can, of course, choose any accounts you like during setup. Plus you can even dive deeper into the sub-categories contained within these top level categories. You can learn more about fine tuning your account mappings in this help article.

Link My Books default tax rates for Amazon

Here are our default tax rates for sales revenue for Australian businesses:

Transaction Tax Category

Tax Rate

Amazon Sales Shipped to Australia

GST on Income

Amazon Sales Shipped outside Australia

GST Free Income

Here are our default tax rates for fees & other transactions for Australian businesses:

Transaction Tax Category

Tax Rate

Amazon FBA Reimbursements

BAS Excluded

Amazon Fees

GST on Expenses

Amazon Sales Tax

BAS Excluded

Amazon Loans

BAS Excluded

Amazon Reserved Balances

BAS Excluded

πŸ’‘Good to know

Again, you can change these tax rates to suit your business if you wish to do so - they are just defaults. You should only change tax rates on the Accounts & Taxes Wizard and not on the Accounts & Tax Mappings page.

If you have any questions about this article or feedback on how we could make it better please reach out to the support team via the blue chat icon on the bottom right of the page or via email to [email protected].

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