DD+7 and accrual accounting
So it seems with this DD+7 policy and the new deferred transactions report, Amazon messed up with our internal accounting system.
The "posted-date" column in the payment report no longer corresponds to when the sale is actually made, but rather to the DD+7 date... this sucks bad.
Now we have sales that ocurred in november being recognized in december, which is an issue for those that use accrual accounting as sales should be recognized when they happen.
ughhh this is extremely frustrating, specially since they implemented this in the year end and now our 2024 accounting will be impacted.
Way to go Amazon!!!
9 replies
Micah_Amazon
Hello @Seller_Gea7Csosa8Ii2,
Thank you for your post. We do appreciate the feedback whether its bad or good. I wanted to surface a little bit of information around this announcement.
A deferred transaction is a transaction that will be paid out to you at a future date. Most transactions are deferred for some period of time before they are paid out. Similar to account level reserves where it’s the amount of money that is reserved to ensure that you have enough funds to fulfill any financial obligations, such as refunds, claims, or chargebacks.
You can view a list of your deferred transactions on the Transaction view page. On this page, select "Transaction Status" as Deferred transactions from the dropdown, and click Update to see deferral reasons and the expected payment release date for all deferred transactions. After the payment release date, transaction status will update to Released. Note that only released transactions are included for payout in a settlement period.
Reasons for deferred transactions:
- Delivery date policy (Orders are awaiting delivery)
- Invoiced orders (Orders are pending buyer payment)
Hope this helps.
Cheers,
Micah
