The Account Statements feature in Seller Center gives the seller visibility on all sales information and breaks down how payments will be made.
The Account Statements feature available in Seller Center provides:
- One centralised location for all Account Statements
- Visibility of transactions at both an aggregate and individual level
- Easy export of all transactional information from Seller Center
- Detailed transaction information of manual adjustments
- Downloadable Tax Invoices
THE ICONIC Account Statements run in two financial periods per month:
Account Statements can be found in Seller Center under Reports > Account Statements
The left-hand side will provide you with all your Account Statement periods, and what status they are in. The status' are either:
- Current (Open) - the financial period is currently running and the statements are live in real-time
- Unpaid - the financial period is closed and waiting to be paid. Payment terms are based on what was discussed in your contract.
- Paid - the account statement has been paid
When you click into a statement period the following will appear. The Account statement is divided into 3 main sections: Orders, Refunds and Others.
Orders are based on all Sales Related Transactions
- Sales Revenue
- Fees
- Total Commission
- GST on Revenue and Commission
- GST withheld
- Seller funded vouchers – total voucher amounts paid by the Seller during a promotion
- Any applicable dispatch and cancellation fees
Refunds are based on all Returns Related Transactions
– Orders returned and processed back to the Seller during this Account Statement period
Others include exceptional manual adjustments made on a Seller level
Opening Balance - Running balance of previous Account Statements, if previously in credit (refunds higher than orders)
Closing Balance - The Closing Balance is the subtotal of the statement minus of the Opening Balance
Payout Value - The amount paid for that Account Statement period. The payout in some cases may be zero as the account is in credit. This credit will be taken off of your next payment.
Download All Transactions
This report will give the greatest detail on all transactions, and it can also be filtered for specific time periods or Account Statement periods.
It provides the most granular detail of all the report features in Account Statements. Here you will also be able to see any manual adjustments that have been made by the finance team at THE ICONIC.
Tax Invoice
You can click here to download a copy of the commission and fees invoice that will be automatically deducted from your fortnightly Account Statement. This can be kept as a record for tax purposes.