Vendor Accounting & Settlement
For an online payment on a multi-vendor order, the main company collects the full payment, then transfers each vendor's share minus commission.
How does money flow for an online payment on a multi-vendor order (company collects, splits)?
For an online payment on a multi-vendor order, the main company collects the full payment, then transfers each vendor's share minus commission.
How does COD money flow when the vendor delivers vs when the company delivers?
For cash on delivery, the money flow depends on who delivers.
What does a supplier agreement define when adding a vendor (rate/commission, cases)?
When adding a vendor, a signed supplier agreement is placed on the system that defines how the software works for them — chiefly their rate/commission percentage, and any **different…
How is the commission percentage applied at settlement?
The vendor's commission percentage (from their record/agreement) is applied at settlement to compute the platform's cut and the vendor's net share of each sale.
How does the month-end settlement run compute who pays whom?
A month-end settlement run computes, per vendor, the totals owed in each direction and therefore who pays whom — admin-to-vendor or vendor-to-admin — over the period.
What happens when a vendor owes the company (net negative)?
When the net is negative for the vendor (they owe the company — common when the vendor collected COD cash exceeding their net earnings), the statement shows a vendor-to-admin transfer due.
How is a refund after settlement already paid handled (clawback next cycle)?
If a refund happens after settlement has already paid the vendor for that sale, the amount is clawed back / adjusted in the next settlement cycle.
How is multi-currency settlement handled (FX capture, agreed currency)?
For multi-currency orders and vendors, settlement captures the FX and settles in the agreed currency, recording the rate used.
How is the settlement ledger kept auditable and crystal clear?
Settlement runs on a transparent vendor ledger: every settlement-relevant event posts a ledger entry (its type, gross, commission, direction, references, and the run it belongs to), so the…
How is a settlement run previewed, run, and closed?
A settlement run has a clear lifecycle: Preview (see what the run would compute without committing), Run (compute the period's figures and post the ledger), and Close (finalize the run…