Does "Income & Expenses" on Summary Reports Repository exclude VAT?
I can't find a definitive answer anywhere, if someone could let me know.
Does "Income & Expenses" on Summary Reports Repository exclude VAT?
I can't find a definitive answer anywhere, if someone could let me know.
2 replies
Seller_HmXs9Pk97Wcpt
Upon investigation, "Expenses" DO INCLUDE VAT. However, still unsure on "Income"
Seller_HmXs9Pk97Wcpt
And again, for future members facing the same problem. Amazon has confirmed that
"Income" does NOT include VAT
"Expenses" DOES include VAT
And their reasoning for the variance in Reports Repository vs Business Reports is below:
The settlement report/reports Repository focuses on payments from Amazon to sellers, which occur only after an order is shipped, while the Sales by SKU report, Manage Your Order report, and SKU Economics report include all orders placed within a specific time period. This means that if an order is placed but not shipped during that period, it will be included in the Sales by SKU report but not in the settlement report for that time period.
Business reports and settlement reports have different cut-off times. For the cut-off time for a settlement report, see Date Range Covered on the finance settlement report webpage. It is usually around 2 p.m. The cut-off time for a Sales by SKU report is at midnight.
