Statement of account

Statement of Account is a feature designed to improve transparency and provide sellers with a cleare...

The Statement of Account (SOA) is a specialized feature designed to improve financial transparency for sellers. It provides a straightforward monthly summary of revenue earned, fees incurred, and payments received, enabling you to plan your business finances with greater precision.


How to Access Your Statement of Account.

To view your financial summary, follow these steps within the Seller Lab:

- In the Navigation menu, click on the Payments & Fees tab and then select Statement of Account.

- You will be redirected to the Statement of Account (SoA) page. 

- Select your specific country from the country selector and choose the month you wish to review.


Navigation & Layout

You will see the option to view the details in the chart or statement view.

Chart View

This view will show you a visual breakdown of your monthly movement

You will be able to see the following components that contributes to your closing balance

  • Opening Balance

  • Net Proceeds

  • Fees

  • Payouts

  • Closing Balance 

Important Information: 

  • Green flow represents a positive amount/reimbursement which adds value to your closing balance.

  • Red flow represents the negative amounts that can reduce your closing balance. 

The visual representation gives a clear and transparent movement of the funds for the selected month

You can also hover your mouse cursor over any specific fee or revenue on the right-hand list. The diagram will instantly highlight the specific path connecting that line item to your broader Fees or Net Proceeds totals.


Statement View

You can switch to Statement view to see the details in a different format. 

The Statements view shows your account summary in a table format. The information is displayed separately by business unit, such as noon, FBN, and Others. 

The Total column shows the combined value across all business units.

Main Components Explained

1. Opening Balance

This represents the closing balance carried over from the previous month.

  • Positive Balance: Indicates the amount currently owed to you by noon.

  • Negative Balance: Indicates the amount you owe to noon.

2. Net Proceeds

Net Proceeds show the total proceeds from delivered orders during the selected month. Only delivered items are included in this amount.

3. Fees

All charges applied to your account during the month are listed here.

Examples of fees may include referral fees, advertising fees, shipping fees, outbound fees, return administration fees, warranty fees, cancellation fees, penalty fees, subsidies, refunds, and reversals.

  • Negative amounts represent fees or deductions charged to your account.

  • Positive amounts represent credits, reversals, subsidies, or amounts added back to your account

Detailed Breakdown: By clicking on any specific fee (such as a storage charge), a breakdown will appear on the right-hand side.

Key Details: This breakdown shows the Business Unit, Reference Number, and the Amount Charged.


4. Payouts

This section shows the aggregate amount of payments made to you over the course of the month.

Payment Tracking: Clicking on Payouts reveals a detailed breakdown of exactly when each payment was initiated and the specific amount transferred.

5. Closing Balance

The month ends with a final closing balance. This is calculated by taking your opening balance and adding or subtracting the Net Sales, Fees, and Payouts.

A positive balance means noon owes you money, while a negative balance means you owe noon.

That’s it!

 

Got more questions? 

Contact us at seller@noon.com