Amazon sellers often face payment discrepancies due to refunds, fees, chargebacks, and accounting errors. Amazon Payment Reconciliation helps sellers track payments, identify missing amounts, and claim reimbursements. This guide will walk you through the process of ensuring financial accuracy in your Amazon business.
Why Payment Reconciliation Matters
- Prevents revenue loss due to unclaimed refunds.
- Identifies incorrect fees or overcharges.
- Ensures accurate financial reporting for tax purposes.
- Helps maintain healthy cash flow and profitability.
Step 1: Understand Your Amazon Transactions
Amazon payments consist of multiple components:
- Sales revenue (order payments from customers).
- Amazon fees (FBA, referral, and closing fees).
- Refunds & returns (customer reimbursements).
- Chargebacks & disputes (customer claims against orders).
- Advertising costs (PPC expenses deducted from payouts).
Step 2: Download Amazon Payment Reports
To reconcile payments, access reports from Amazon Seller Central:
- Go to Reports > Payments.
- Download the Transaction View Report for detailed insights.
- Compare transactions with your bank statements.
- Identify missing or incorrect payments.
Step 3: Cross-Check Amazon Fees & Refunds
- Review FBA storage fees, long-term fees, and refund deductions.
- Identify discrepancies in referral fees.
- Check for delayed reimbursements on lost/damaged inventory.
Step 4: File Reimbursement Claims
If you notice missing payments:
- Use Amazon’s Reimbursement Tool in Seller Central.
- Submit a claim under “Inventory Reimbursement”.
- Provide supporting documents (reports & invoices).
- Track claim status under Case Logs.
Step 5: Automate Reconciliation with Tools
To save time, use payment reconciliation software:
- Helium 10 Refund Genie – Tracks FBA reimbursement claims.
- SellerLedger – Manages bookkeeping and transaction records.
- A2X Accounting – Syncs Amazon transactions with accounting software.
Final Thoughts
Amazon Payment Reconciliation is crucial for maintaining accurate financial records and maximizing profits. By regularly auditing transactions and claiming reimbursements, sellers can avoid unnecessary revenue loss and improve cash flow.
Need Help Managing Your Amazon Finances? Infobeam Solution offers expert reconciliation services to help you recover lost funds and streamline your Amazon accounting. Contact us today!
📧 Email: sales@infobeamsolution.com
📞 Call/WhatsApp: +91 96545 53640
🔗 Visit: www.infobeamsolution.com
