New selling payment reports

[partfinds]

I just notoced that Ebay made new style reports in the payout tab. I don’t understand the last section net transfers . Can someone look up theirs and explain the numbers? It just doesn’t balance so I don’t know how they arrived with the numbers.

[wastingtime101]

Net transfers includes 2 numbers: payouts and transfers.

Payouts should match your payouts.

Transfer is probably the number eBay collects for things like seller fees and store subscriptions when your balance on eBay is not enough to cover those expenses.

In other words: payouts is everything sent to your bank. Transfer is everything pulled from your bank for fees that go to eBay.

[slippinjimmy · Accepted solution]

I think "transfers" means amount eBay has taken from your bank account. This would include monthly Store Fees, refunds or other costs (UPS labels etc.) when there is no Available Funds in your MP account at the time (such as just after a Payout).

I'm on weekly payouts with reasonably steady (but modest) sales, there is a specific window during the week when I often have zero available funds, starts at the time eBay is "processing" my payout until the next sale is made. A handful of times I've issued small partial refunds to buyers early on Tuesday, sometimes eBay dings my bank for the shortage and sometimes they don't.

[partfinds]

So theiretically if I add up refunds + expenses+ net transfers (payouts and transfer), I should come up with the amount in ORDERS (the first number). It doesn’t balance for me (it comes up way more than orders amount).  What am I doing wrong? 

[cardxcraft]

If you add refunds to your equation (refunds+expenses+net transfers) your total will always be greater than your order's total...assuming you had refunds.

The "order total" category is not taking into account your refunds.  

Order's total=total sales, regardless of refunds.

Order's total does not equal sales+refunds

[wastingtime101]

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@partfinds wrote:

So theiretically if I add up refunds + expenses+ net transfers (payouts and transfer), I should come up with the amount in ORDERS (the first number). It doesn’t balance for me (it comes up way more than orders amount).  What am I doing wrong? 

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No, it would not work that way because payouts and refunds are not done instantly. They may not be counted in the same month or even in the same calendar year as the original order date.

For example:

Look at a month of finances: December 2022.

The last few days of November you made sales that were paid out to you in December.

So already your December payout is going to be higher than the orders total because it includes sales from November.

Then you have sales made the last few days of December that aren't paid out until January. But you're looking at December numbers.

So your payout will be lower than the orders total because the orders were factored in December but the payout came through in January.

Because payouts are not processed the same day the order comes through, the numbers won't add up in the way you're attempting to reconcile them. That wouldn't happen unless you were looking at the entirety of your (managed payments) sales history all at once and had nothing sitting in pending funds.