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Why does A2X sometimes split my Amazon settlement into two journals in QuickBooks Online?
Why does A2X sometimes split my Amazon settlement into two journals in QuickBooks Online?

A2X provides you with month on month comparable Amazon accounting

Iona Bird avatar
Written by Iona Bird
Updated over a week ago

Amazon settlements are generally paid every 1-2 weeks, but will often cross a month boundary.

For example, one settlement may start on June 25th and run through to July 9th.
If we would create only one journal for this settlement, it would either need to be created in June, or in July. This means that the entire period of sales and expenses will be recorded in a single month, when in fact, it relates to two months.

A2X will split the settlement data according to which month the sales or fee actually occurred in. This will ensure that your financial accounts properly record the transactions in the month that they've occurred in.

This will also make months more comparable to previous months and years for your reporting.

How do I reconcile two invoices in QuickBooks Online?

If you would like an overview of sending and reconciling a split settlement period in QuickBooks Online, please check out our article Where do settlements go when A2X sends them to QuickBooks Online - Split Month Settlement Reconciliation.
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When we split settlement entries in QuickBooks, we use a 'Carried Forward Balance' account to carry over the pending Amazon settlement balance. You can learn more about this method HERE.
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