Month end for marketplace sellers, in order

The monthly close for a selling business, step by step, with the check after each. Most months it takes under an hour once automatic posting is on.

The steps

1
Bring everything in
Bank lines (Wise syncs daily; upload other banks' statements), settlements, Noon and eBay months, and the stock ledgers.
2
Post the money
Every settlement and marketplace month that ended in the month. Check: none left Ready to post.
3
Match the payouts
Each payout to its bank deposit. Check: the clearing and balance accounts hold only payouts still on their way.
4
Categorise and review
Every bank line categorised and ticked. Settle possible duplicates and transfers. Check: Transactions shows nothing uncategorised.
5
Receipts
Attach what's in the receipts inbox. Check: the inbox is empty.
6
Stock
Record deliveries and their landed costs, link new SKUs, then post the month's cost of goods sold. Check: the month is Posted for each marketplace.
7
Reconcile
Each bank, card and cash account against its statement. Check: the difference is 0.00.
8
Read the month
Channel profit and Profit and loss. Check: nothing surprising you can't explain.
9
Close
At a filing period or year end, run the sales tax report and close the books through the last day.

What you should see

Prove your books agree with the marketplaces and the bank
Every check Bookalyze offers, in one list: settlements that balance, marketplace balances, stock compared, bank against books, and reconciliation.
Read the guide
Close the books
Lock everything up to a date so nothing can be posted, changed or removed in a finished period. Usually the end of a financial year or tax filing period.
Read the guide
Match each payout to its bank deposit
Matching pairs a marketplace payout with the deposit in your bank and moves that deposit to the clearing or balance account, so your sales are counted once. Works in any bank account and any currency.
Read the guide
Cost of goods sold, month by month
Add your opening stock once, then post each month's cost of goods sold per marketplace at FIFO cost. Returns come back into stock; losses are written off.
Read the guide