Statement of Account

Statement of Account

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.

How to Access the Statement of Account

You can view your Statement of Account by:

  1. Logging into Seller Lab.
  2. Clicking on the Payments and Fee tab.
  3. Selecting Statement of Account.


Select your account details such as country and store from the top bar, then choose the month you’d like to view your statement of account.


Main Components Explained

1. Opening Balance

 Represents the ending balance from the previous month.

      ·  Positive Balance: indicates the amount owed to the seller by noon.

      ·  Negative Balance: indicates the amount owed by the seller to noon.

2. Net Sales

This section shows the total sales for the month. It includes all customer invoices, representing the revenue generated from your sales.

  1.       Customer Invoices

                  This is the total amount earned from sales, which is displayed on the customer invoices.

  1.       Customer Credit Notes

                  This includes all returns or refunds processed during the month. The amount here reflects the total shown on the credit notes.

3. Fees

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, Reference Number and Amount Charged.


4. Payouts

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.


5. Closing Balance

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.

Additional Components

1. Unbilled Revenue

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.

2.  In Transit

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.

3.  Net Closing Balance

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

 



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