Settlement Sync Configuration for...

Settlement Sync in NetSuite allows the import of transaction data from Amazon Seller Central, including fees, credits, and refunds, essential for accurate financial reporting and reconciliation.

How to Set Up Settlement Sync

Before beginning, ensure you have reviewed the required steps in the topic on Importing Amazon Settlement Reports in NetSuite Connector.

Step-by-Step Setup Process

To correctly set up Settlement Sync, follow these steps:

Log in to app.farapp.com.
Select the Amazon connector and the relevant account.
Navigate to Settings > Other Transactions.
Click on the Settlement tab.
In the NetSuite SKU Field, enter the field ID corresponding to your SKU field. Refer to NetSuite SKU and Storefront SKU in NetSuite Connector for further details.
Enter the Customer Internal ID for the customer associated with non-order fees and credits.
Click Save.

Best Practices

Dedicated Customer Creation: It’s recommended to create a dedicated customer in NetSuite for settlement sync. This way, you can effectively manage and track all non-order cash sales and refunds linked to that customer.

Key Considerations

Ensure your Amazon account has V2 reports enabled. If not visible, contact Amazon support.
The settlements pull specific reports from Amazon depending on your settings, facilitating the tracking of various fees like Order Modifications and Non-Order Modifications.

Conclusion

Properly setting up Settlement Sync in NetSuite enhances your ability to manage finances related to Amazon sales more effectively. This integration leads to better tracking of non-order transactions and helps maintain a solid financial record.

Key Takeaways

Settlement Sync allows automatic import of Amazon transaction data into NetSuite.
Establish a dedicated customer for clearer transaction tracking.
Understand the types of adjustments NetSuite processes from Amazon settlements for accurate accounting.

Frequently Asked Questions (4)

Does the Settlement Sync configuration apply to both WMS and standard NetSuite?

The Settlement Sync configuration discussed is specific to standard NetSuite and involves integrating transaction data from Amazon through the NetSuite Connector.

Are there specific permissions required to configure Settlement Sync for Amazon in NetSuite?

The article does not specify particular permissions needed to configure Settlement Sync, but it is implied that access to the NetSuite Connector, as well as Amazon Seller Central, is required.

How do you handle non-order fees and credits in Settlement Sync for Amazon?

It is recommended to create a dedicated customer in NetSuite. This helps manage and track all non-order cash sales and refunds effectively.

What should you do if Amazon V2 reports are not visible for Settlement Sync?

If V2 reports are not visible in your Amazon account, you should contact Amazon support to enable them, as they are necessary for pulling specific settlement reports into NetSuite.

Settlement Sync Configuration for Amazon in NetSuite