FAQ's
Answers to other frequently asked questions about our Amazon integration
By Donna and 1 other2 authors23 articles
Amazon Data & Reconciliation
Amazon Data & Reconciliation FAQ's
- How to match your 1099K figures up with Xero or QuickBooksMatching the Amazon 1099K figures with Link My Books figures
- Why don't the business reports in seller central match my Link My Books data?Reconciling Link My Books figures with Amazon figures
- What data do you import from Amazon?
- Understanding the Amazon Reserved Balances Account
- How can I manage, troubleshoot, and understand discrepancies in Amazon settlements with Link My Books?
- How does Link My Books handle sales from Amazon Ireland (Amazon.ie) under the Amazon EU channel?
- Why doesn’t my Link My Books data match Amazon or Sellerboard?Reconciling Amazon data in Link My Books to other sources
- Automatically assign unknown EUR settlements to "Amazon EUR"How the Amazon EUR virtual marketplace resolves EU settlements that show "Select Marketplace", how to opt in, and what to do afterwards
Amazon VAT & Tax Compliance
Amazon VAT & Tax Compliance FAQ's
- UK VAT Return For Amazon Sellers Post-BrexitHow to accurately account for your Amazon sales and fees and choose the right tax rates to ensure your UK VAT return if filed correctly.
- Can Link My Books split EU and UK VAT in one account?Why Xero, not Link My Books, can't auto-split EU and UK VAT in one organisation, and how Simply VAT handles multi-country VAT with LMB reconciling on top.
- How Link My Books Calculates VAT on European Amazon Seller AccountsHow we calculate VAT on European settlements and which Amazon reports we use to do so
- How to deal with EU VAT in Xero or QuickBooks with Link My BooksAccounting for VAT in multiple countries with Link My Books
- Making VAT Adjustments in Xero for Amazon FeesHow to adjust VAT on Amazon fees if there was a gap between your VAT registration and providing your VAT number to Amazon Seller Central
- Understanding Automatic Product Grouping by VAT RateFor Amazon and Shopify accounts added after May 2023
- Adjusting for Combined Import VAT and Custom DutiesSteps to take when your Amazon settlements include unseparated Import VAT and Custom Duties, requiring manual adjustment
- Recording non UK VAT expenses incurred in PAN EU countriesAccounting for non UK VAT expenses in Xero or QuickBooks
- Are Amazon FBA Inventory Reimbursements Subject to VAT?Do I need to account for VAT on FBA reimbursements from Amazon as a UK business?
Amazon Transactions & Reports
Amazon Transactions & Reports FAQ's
- How to download Amazon Date Range Transaction ReportIf you'd like to compare your Amazon data to Link My Books
- How to download Amazon Date Range Summary ReportHow to download the Amazon Date Range Summary Report to assist in reconciling Amazon figures to Link My Book summaries
- How Link My Books deals with Amazon Shipping Labels purchasedShipping Labels purchased on Amazon and their VAT treatment
- Amazon Deferred Transactions & Revenue RecognitionSet up revenue recognition for Amazon deferred (DD+7/B2B/Unspecified): create Deferred/Released settlements to track Amazon deferred balances
- Amazon Deferred Transactions: What Reports You Actually Need (and Why Seller Central Falls Short)
- Why is Deferred Transactions (Revenue Recognition) an add-on, and is it HMRC-compliant?
