Statement of Account is a feature designed to improve transparency and provide sellers with a clearer understanding of their financial transactions. This feature delivers a straightforward monthly summary of revenue earned, fees incurred, and payments received, helping sellers plan their finances more effectively.
You can view your Statement of Account by:
Select your account details such as country from the top
bar, then choose the month you’d like to view your statement of account.
The information is displayed separately for each business unit (BU)in individual columns, making it easy to track the data for each business unit. The total value is then calculated and shown in the last column, which sums up the figures from all the individual business unit columns.
Represents the closing balance from the previous month.
This section shows the total sales for the month. It includes all customer invoices, representing the revenue generated from your sales.
All fees that have been charged during the month are listed
here.
By clicking on any specific fee, a detailed breakdown will appear on the right-hand side, showing: Invoice Date, Business Unit, Reference Number and Amount Charged.
This section shows the aggregate amount of payments made to
the seller over the month. Clicking on Payouts shows the breakdown of when the
payment was made and the amount of the payment.
The month ends with a closing balance. This is calculated by taking the opening balance and adding (or subtracting) the Net Sales, Fees and Payouts.
Similar to the opening balance, a positive balance means noon owes you money, and a negative balance means you owe noon.
This section displays all fees that have been charged but
have not yet appeared on an invoice. You can download a report that details
these uninvoiced fees for your reference.
This shows the total value of items that have been sold but not yet delivered to the customer. It helps track revenue that hasn’t been fully processed.
This balance takes into account all expected transactions, such as Unbilled Revenue and In Transit items. It gives you a more accurate picture of your financial status by adjusting for pending transactions.
That’s it!
Got more questions?
Contact us at seller@noon.com