A settlement report details how a payment intermediary or platform combines transactions, adjustments and charges into an account settlement. It can show payments, refunds, disputes and fees to explain a payout.[1] It is neither a duplicate of sales invoices nor proof that every included order was profitable.
Check the date basis: transaction date, availability and bank posting can differ. Retain itemised records alongside totals and link them to sales accounting. Incompatible periods or currencies can create apparent differences, while transactions not yet settled need to remain distinguishable from paid-out funds.
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.