Mastering Amazon Accounting & Payment Reconciliation

Learn how ecommerce seller accounting works, from platform registration and product listing to order processing and invoicing, and how commissions, shipping charges, GST, and security deposits shape payments.

Learn to set up major ledgers in an accounting system, including sales accounts with GST/VAT auto-calculation, trial balance and balance sheet, plus ledgers for amazon deductions, deposits, and receipts.

Learn to create a company in Busy accounting software, customize masters and fields, enable GST for India, set country and financial year, and save the setup.

Create and tailor master ledgers and accounts for Amazon accounting, including sales and purchase types, tax categories, gst, and tcs, to enable accurate postings and reconciliation.

Configure separate sales and sales return voucher types for FBA and MFN, establishing distinct invoice series per channel and godown, with manual voucher numbering and billing and shipping details.

Configure sales types to auto-calculate output tax by defining local and inter-state (IGST) sales with item-wise GST and HSN codes, linking ledgers.

Enable the general setting show all list in the master to yes to speed up voucher postings by auto displaying ledgers and items. This setup is not mandatory but recommended to speed data entry by moving to the next field with the list option.

Learn to create item groups and multiple go downs, assign HSN codes and text categories, and manage stock centers like main store and FBA for inventory across go downs.

Import item master from Excel by mapping columns, enabling aliases, and setting HSN code, main unit, opening stock, and FBA group; choose add new or modify existing.

Learn to download Amazon gst reports, convert them to Excel, and manually post Amazon sales invoices in Busy accounting, including shipment, refunds, gst calculations, and order-wise reporting.

Learn to configure and import Amazon sales invoices from Excel, mapping header and item fields, handling voucher series, and troubleshooting import errors to generate GST-compliant reports.

Post sales return vouchers manually in the busy system, using the invoice, credit note, and order details to update outstanding balances; Excel import follows.

Import Amazon sales return vouchers from Excel into Busy accounting software by configuring the template, mapping fields, and importing the sales return vouchers; verify with GST and outstanding reports.

Learn accounting concepts, including assets, liabilities, balance sheet, and profit and loss, with debit and credit basics for sales, purchases, and goods and services tax (gst).

Learn how to download Amazon payment details from Seller Central, categorize cash on delivery vs prepaid payments, and reconcile orders, refunds, and Amazon fees in a ledger.

Calculate Amazon deductions, separate expenses and gst, post vouchers with total gst, and use pivot tables to reconcile item fees, other transactions, tcs, and reserve entries in busy accounting software.

Master the process of posting Amazon receipt vouchers in a busy accounting system, using receipt or journal vouchers, and recording debits and credits one by one with new references.

Post Amazon invoices and credit notes at month-end using a dedicated Amazon fees ledger to capture IGST input credit and align with reconciliation needs.

Create a new company, set financial year start on April 1, 2021, enable GST and default tax rate, configure multiple item aliases for cross-platform SKUs, and show end of list.

Create and manage account ledgers and inventory masters for Flipkart, configure sales types and tax settings, build item and stock masters with SKUs, and prepare for voucher posting and reporting.

Learn to generate and download the month-wise Flipkart sales report from the portal's report center. Clean and prepare the data, adjust columns and dates, then import into Busy accounting software.

Copy and paste data into the Flipkart template, adjust the sales type by state, enable multiple go-downs, and prepare for import after posting a manual sales invoice.

Configure a separate voucher series and voucher type for Flipkart sales and sales returns, enabling manual voucher posting, order number tracking, and GST return readiness.

Import sales vouchers from Excel by configuring a mapping template in the data import system, aligning columns to header, item, and bill sections, and validating data in Busy accounting software.

Enter the sales return manually in the transaction tab, select Flipkart and Assam, enter date and voucher, save and adjust, then verify in account analysis and bills receivable.

Import sales return vouchers into the busy accounting system using the provided template, then copy-paste data, adjust values, configure with Flipkart, and verify vouchers in sales return and bills receivable.

learn to download Flipkart payment reports, interpret key fields like NFT ID, payment date, and settlement amount, and perform reconciliation using pivot tables, calculating deductions, and posting vouchers.

Post Flipkart GST invoices and adjustments in QuickBooks Pro by creating the Flipkart creditor master and recording GST input and Flipkart fees as input services, plus month-end adjustments.