Cash Receipt Journal Entry

The Blue Onion Cash Receipt journal entry gives you visibility into the cash received from your payment processors, reconciled back to the order and to the bank.

Cash Receipt Journal Overview

The Cash Receipt Journal entry shows you the cash received into your bank account, broken out by payment processor as well as the gross value to be cleared from the clearing account or accounts receivable due to these same settlements. In the walk from gross to net settlement there are many charges that Blue Onion helps you record, such as:

  • Merchant fees charged by each processor
  • Other expenses or credits
  • Sales tax remitted
  • Chargebacks, disputes and the reversal of the same
  • Net amount transferred to your clearing account(s) receivable

Amazon Seller Expenses

Blue Onion also provides comprehensive accounting for the cash settlements for Amazon Seller including the FBA expenses charged for their fulfillment services. Below are the detailed line items we display for recording expenses from Amazon:

  • Reversal Reimbursements
  • Remitted Sales Tax and VAT
  • Fulfillment Fees
  • Net Change in Reserve Balances held at Amazon
  • Adjustments
  • Shipping Costs (both collected from customer and paid by you)
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