Any company that has experience of selling via Amazon will be used to funds being received every 14 days minus any fees. This payment delay combined with any fee adjustments means reconciling Amazon payments is not always a simple and straight forward affair. Amazon provide sellers with a Payments Report which includes Settlement Overview, Transaction Details and Past Settlements that can be accessed via their account and also downloaded. This report is designed to provide full details of payment information and is the report that is used to reconcile Amazon payments and orders.
Reconcile ecommerce & Amazon payments within Sage 50
To help make this process of Amazon payment reconciliation easier, in the OrderWise 2014 v9.3 release there has been development that will mean payments that are imported through eCommerce will now record the eCommerce order number against the payments comments. When posting across to Sage 50 these comments will be posted in the details field in the Sales Ledger, this enables much easier reconciliation of Amazon payment and orders.
Due to the way in which Amazon handles payments this new development is of particular benefit for reconciling these payments, however the eCommerce order number will be stored when available for any payment imported by this method to aid reconciliation of other eCommerce orders also.
For more information on the OrderWise eCommerce Module including Amazon, Ebay & Website integration watch our videos and download the brochures.
To discuss your requirements in more detail contact us today on 01522 704083.