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HELP! Trying to reconcile my seller account to accounting software
Can anyone offer advice on how to reconcile my Amazon seller account to Sage? I have a problem every month working out the fees as there is always a difference between fees on the transactions report and the actual fee invoice. And what happens with the Irish VAT that Amazon collect on our behalf. I'm wasting hours on this every month! Any tips greatly appreciated. Thank you.
5 replies
Seller_MT8rt0A2OpbCx
I have a bank account set up in our accounts for Amazon funds. Gross sales proceeds go there, but on your case, I would think, you would post sales where Amazon deduct VAT, as net of VAT and zero rate the sales as an export. Then the monthly invoice amounts are paid from this and disbursements transferred to current account. You should then be able to reconcile the Amazon funds account regularly.
Seller_mS10UjVYuuGor
I use A2X to reconcile to Xero which works well.
They say it works with Sage but are less shouty about the integration than they are with Xero and Quickbooks so you'd have to do some research. They have a free trial so you could experiment and see if it does the job.
Winston_Amazon
Hey there @Seller_uc2dKKIzGC8sK,
Did the posts by @Seller_MT8rt0A2OpbCx & @Seller_mS10UjVYuuGor help you out?
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