Settlement reports are generated regularly and can be downloaded from the Amazon Seller Central. Settlement Report also provides very detailed information about the different types of fees charged by Amazon for providing various marketplace services offered to the seller.
Settlement reports can be generated weekly and bi-weekly. After a settlement report is generated by Amazon, the seller receives payment for all the goods sold in their Amazon account. Each report has a breakdown of Item Price, Amazon commission fees, shipping fees, and the total amount earned by the seller.
Payments (Settlement) report displays your account’s payment information. With this report, you can:
- View an account summary that includes the beginning balance
- View next scheduled date for the transfer of funds
- View order and refund totals.
- View credits, fees, and adjustments for specific orders.
Advantages of integrating Amazon Settlement Reports with NetSuite
- speed up account receivables by automatically converting Amazon reported payments into NetSuite digital payments
- Analyze most profitable vs least profitable items on Amazon directly inside of NetSuite.
- Provides a holistic view to your accounting teams for all sales through Amazon & provide visibility into key metrics like total fee charged per SKU or per order, total deposits for a given settlement period.
- Automate syncing refunds from Amazon & create credit memos inside of NetSuite.
- Process up to 100 MBs of Settlement Report in one go. (1 MB ~ 1000 transactions)