I'm hoping someone might be able to help me with an accounting question regarding disbursements

Sell On Amazon Third-Party Software & Services
1

When I update my Sage software with my bank feed, the net disbursement is showing, I need to add some further information regarding the gross sales figure and Amazon fees for that period. Whilst I can get these easily enough from the Amazon system, the gross figure minus fees doesn’t add up to the disbursement as there are some funds retained for reserve.

Would anyone be able to explain how they record this on there accounting software please as I am banging my head against a brick wall on this one.

Thanks in advance.

2

To accurately reflect in your accounting software, record the gross sales and Amazon fees separately. Deduct the fees from the gross sales to get your net amount. For the retained reserve, consider it as a liability until it’s disbursed, not part of current income.

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