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Amazon keeps 40%.Your books should show where.

Every Amazon settlement is sales minus referral fees, FBA fulfillment, storage, advertising, refunds and reserves — with marketplace tax collected and withheld in between. Ledgerzoom reads each settlement and posts it to QuickBooks Online line by line.

Read-only Seller Central access via Amazon’s Selling Partner API. Ledgerzoom never changes listings, pricing or inventory.

JE-4402Amazon settlement · Mar 1–14
Posted2026-03-16 03:02
AccountDebitCredit
1330 · Amazon ClearingSettlement 21874 · net disbursed
15,038.65—
6310 · Amazon Referral FeesSelling fees on 1,204 units
3,729.00—
6320 · FBA Fulfillment FeesPick, pack and ship
4,386.20—
6330 · FBA Storage FeesMonthly inventory storage
312.75—
6410 · Amazon AdvertisingSponsored Products
1,840.00—
4090 · Refunds & Returns38 refunded units
698.40—
2215 · Marketplace Tax ClearingTax withheld & remitted by Amazon
1,932.50—
4010 · Product SalesGross sales, 1,204 units
—24,860.00
4030 · Shipping CreditsShipping charged to buyers
—1,145.00
2215 · Marketplace Tax ClearingTax collected from buyers
—1,932.50
Totals27,937.5027,937.50
BalancedPushed to QuickBooks Online

One two-week Amazon settlement, fully grossed up.

The reconciliation gap

The deposit hides almost half the story

Amazon disburses roughly every two weeks, after deducting a long list of fees. Book the deposit alone and your largest expenses simply never appear.

Gross sales & credits$26,005.00Product sales plus shipping, 1,204 units
Amazon fees & refunds$10,966.35Referral, FBA, storage, ads and refunds
Bank deposit$15,038.65The disbursement that reaches your bank

Book the disbursement as revenue and $10,966.35 in fees vanishes from your P&L — along with any way to measure margin by channel.

Your biggest costs are invisible

Referral and FBA fees are often a third of revenue. If they are netted away, you cannot see them, manage them or deduct them.

Facilitator tax confuses everyone

Amazon collects and remits sales tax for you. It must pass through a clearing account — never income, never your liability.

Settlements don’t follow the calendar

A settlement that spans month-end splits revenue across two periods. Without handling that, every monthly close is slightly wrong.

How it works

Amazon to QuickBooks Online, on autopilot

  1. Once, about five minutes

    Connect Seller Central and QuickBooks

    Authorize via Amazon’s Selling Partner API and QuickBooks Online OAuth. Ledgerzoom maps each Amazon fee type to an expense account you choose.

  2. Every night, unattended

    Settlement reports are pulled automatically

    As each settlement closes, Ledgerzoom downloads the full report — orders, fees, refunds, reimbursements, reserves and tax — for every marketplace you sell in.

  3. Before you wake up

    A balanced entry per settlement

    Each settlement posts as one entry that ties to the disbursement in your bank feed, with fees broken out on their own lines.

Capabilities

Every Amazon fee, on its own line

Amazon has dozens of fee types and they change constantly. Ledgerzoom keeps up so your chart of accounts stays stable.

  • Referral and closing fees

    Selling fees per category, variable closing fees and high-volume listing fees each map to their own expense account.

  • FBA fulfillment

    Pick, pack and ship fees, inbound placement and removal orders are broken out so fulfillment cost per unit is visible.

  • Storage and long-term storage

    Monthly and aged-inventory storage fees post separately, so inventory carrying cost shows up where it belongs.

  • Advertising

    Sponsored Products, Brands and Display spend deducted from settlements posts to advertising expense, not revenue.

  • Marketplace facilitator tax

    Tax Amazon collects and remits passes through a clearing account so it never inflates income or your liability.

  • Month-end split settlements

    Settlements that cross month-end can be split by transaction date for accurate period revenue.

  • Never posts twice

    Every sync is idempotent and keyed to the source ledger. A retry or re-run produces the same single entry, not a duplicate.

  • Review mode for accountants

    Queue entries for approval instead of auto-posting, with a full audit trail and one-click reversal.

  • Historical backfill

    Work backwards through prior months to clean up unreconciled activity on any connected channel.

Questions

Amazon questions, answered

Reconcile Amazon tonight.

Connect Amazon and QuickBooks Online in about five minutes. Tomorrow morning every payout is posted and your clearing account is already at zero.

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