Managing an Amazon seller account in India involves numerous complexities, from listing products and handling customer inquiries to managing inventory and processing returns. Among these tasks, financial reconciliation is one of the most crucial but often overlooked aspects of running a successful Amazon business. Amazon reconciliation ensures that all transactions between your sales records and Amazon’s reports are accurate, helping you recover any discrepancies and avoid potential losses.

At Infobizz Solution, we offer specialized Amazon Reconciliation Services tailored for sellers in India. Our goal is to simplify your financial management, allowing you to focus on growing your business. Here’s a detailed look at our Amazon Reconciliation Services and how they can benefit your business.

What is Amazon Reconciliation?

Amazon reconciliation involves matching the transactions recorded in your seller account with the payments and fees recorded by Amazon. This process ensures that you are correctly charged for all fees, reimbursed for any discrepancies, and that your financial records are accurate. Key areas of reconciliation include:

1. Order Reconciliation:

   • Matching sales orders with payments received.
   • Ensuring all shipped orders are accounted for.
   • Verifying that cancelled or returned orders are correctly processed.

2. Fee Reconciliation:

   • Checking that Amazon’s fees (referral fees, closing fees, FBA fees, etc.) are accurately charged.
   • Identifying any overcharges or incorrect fee deductions.

3. Inventory Reconciliation:

   • Ensuring that the inventory listed on Amazon matches your actual stock levels.
   • Verifying that lost or damaged inventory in Amazon’s fulfillment centers is reimbursed.

4. Refund Reconciliation:

   • Confirming that refunds issued to customers are correctly reflected in your account.
   • Ensuring that the costs of returned items are reimbursed where applicable.

5. Payment Reconciliation:

   • Matching Amazon’s disbursements to your bank account with your sales records.
   • Verifying that all payments, refunds, and adjustments are accurately accounted for.

Why is Amazon Reconciliation Important?

Amazon reconciliation is vital for several reasons:

• Financial Accuracy: Ensures that your financial records are accurate, helping you maintain correct profit and loss statements and balance sheets.
• Identify Discrepancies: Helps identify discrepancies in fees, refunds, and payments, allowing you to recover lost revenue.
• Compliance: Ensures compliance with accounting standards and regulatory requirements.
• Better Decision-Making: Accurate financial data supports better business decisions, from budgeting and forecasting to inventory management.
• Peace of Mind: Reduces the stress and complexity of managing your finances, allowing you to focus on strategic growth.

Our Amazon Reconciliation Services

At Infobizz Solution, we offer comprehensive Amazon Reconciliation Services designed to meet the specific needs of Indian sellers. Our services include:

Detailed Transaction Matching

We meticulously match each transaction in your Amazon seller account with corresponding records in Amazon’s reports. This includes sales, fees, refunds, and adjustments. Our team ensures that every transaction is accounted for accurately, identifying any discrepancies that need to be addressed.

Fee Verification

We scrutinize Amazon’s fee deductions to ensure you are not overcharged. This includes checking referral fees, FBA fees, closing fees, and any other charges applied by Amazon. If we find discrepancies, we help you file claims for reimbursements.

Inventory Management

Our team tracks your inventory levels, ensuring that the stock listed on Amazon matches your actual inventory. We monitor inventory changes, including shipments to and from fulfillment centers, and identify any discrepancies. We also assist in claiming reimbursements for lost or damaged inventory.

Refund and Adjustment Reconciliation

We verify that all customer refunds are correctly processed and reflected in your account. This includes ensuring that the costs associated with returned items are reimbursed where applicable. We also check for any adjustments made by Amazon and ensure they are correctly accounted for.

Payment Reconciliation

We match Amazon’s disbursements to your bank account with your sales records, ensuring that all payments, refunds, and adjustments are accurately recorded. This helps you maintain correct financial records and ensures timely recognition of revenue.

Reporting and Insights

We provide detailed reports on your financial reconciliation, highlighting any discrepancies found and the actions taken to resolve them. Our insights help you understand your financial performance and identify areas for improvement.

Why Choose Infobizz Solution?

• Expertise: Our team of professionals has extensive experience in e-commerce and financial reconciliation, ensuring accurate and efficient service.
• Tailored Services: We understand the unique challenges faced by Indian Amazon sellers and tailor our services to meet your specific needs.
• Transparency: We provide clear and detailed reports, keeping you informed at every step of the reconciliation process.
• Customer Support: Our dedicated support team is always available to answer your questions and address any concerns.

Get Started with Amazon Reconciliation Today

Managing your Amazon seller account’s financial aspects doesn’t have to be a headache. With [Your Company Name]’s Amazon Reconciliation Services, you can ensure accurate accounting, recover lost revenue, and focus on growing your business.

Contact us today to learn more about our services and how we can help streamline your Amazon business operations in India.

Email – info@infobizz.in

Call Now – +91 9315657500