Synder marks Amazon fees with a pending status until a settlement report is processed, in other words, until a payout associated with these transactions is made. Once a payout is processed, the system adjusts the correct fee amounts to these transactions and prepares them for synchronization (eventually, you’ll see them with a ready to sync […]
Category: Amazon
How taxes withheld by Amazon, eBay, and PayPal are processed with Synder
What Is Withheld Tax? Marketplace Facilitator Tax is a tax collected and remitted by Amazon, eBay, Etsy or PayPal on your behalf, due to agreements with the specific states in the USA or other countries (Canada, etc.) The trading platforms have been making agreements with states to collect and remit taxes on your behalf, thus […]
How to connect Amazon to Accounting Software
This guide will teach you how to integrate Amazon with your accounting system (connect Amazon to Synder accounting, QuickBooks or Xero). Learn more about QuickBooks Amazon integration. Once you set it up (don’t worry, it is pretty quick and straightforward), Synder will funnel the data from your Amazon account with all the detailed customer, item, […]
Reconcile your checking bank account in Xero
In this guide, you will learn how to reconcile your sales platforms transactions synchronized by Synder to your Checking bank account in Xero. There are two ways to do it: Automated way using Payouts feature (more accurate) Manual way (creating transfers manually from the Bank Feed) 1. Automated way using Payouts feature (more accurate) 1) […]
Automatic Xero clearing account reconciliation
When Synder integrates the payment processor with Xero accounting it creates a Clearing bank account (a so-called Holding account) for the temporary storage of synchronized transactions (the same way as the payment processor holds the money for some time before paying them out to your bank). Auto-reconciliation feature allows to mark all the synchronized income […]