Financial Report All Statement View Does NOT Include Credit Card Ad Costs on Seller Central | Summary and Q&A

TL;DR

Your Amazon Payments Report does not include advertising spend, making it difficult to accurately track your profit and loss. This video guides you on how to analyze your payments report and find your advertising costs.

Key Insights

• 🥺 The Amazon Payments Report does not include advertising spend, leading to difficulties in determining profit and loss accurately.
• ❓ Analyzing income and expenses from the payments report is essential for understanding financial performance on Amazon.
• 🇨🇷 Advertising costs have a significant impact on profit and should be calculated separately.
• 💳 Identifying advertising costs when using a credit card requires accessing the Campaign Advertising section and analyzing lifetime reports month by month.
• 🖤 The lack of a comprehensive advertising spend report on Seller Central is frustrating for sellers and requires manual calculations.
• 👨‍💼 Maintaining separate finances for different businesses or side hustles can complicate the analysis of profit and loss.
• 😀 Seeking assistance from professionals, such as accountants specialized in e-commerce, can be beneficial for accurately analyzing financial data.

Transcript

when you're doing your year-end financial analysis how much money did you make in 2020 this is a frustrating fact that i did not know until today your all statement view in the payments report of amazon does not include your advertising spend from a credit card making there not a single report that can show you your profit and loss out of seller ce... Read More

Questions & Answers

Q: Why is it challenging to determine profit and loss from the Amazon Payments Report?

The payments report does not include advertising spend, which is crucial for assessing profit and loss. Without this information, sellers are unable to get a complete picture of their financial performance.

Q: How can sellers access the payments report and generate a summary report?

Sellers can access the payments report through Seller Central, select the desired date range, and generate the summary report. This report provides a breakdown of income and expenses within the specified period.

Q: Why is it important to analyze advertising costs separately?

Advertising costs significantly impact profit and loss. By analyzing advertising costs separately, sellers can accurately determine their net earnings after deducting advertising expenses.

Q: How can sellers calculate advertising costs when using a credit card?

To calculate advertising costs, sellers need to go to the Campaign Advertising section, access the lifetime reports, and calculate the advertising spend month by month. This method helps identify the portion of advertising costs not included in the payments report.

Summary & Key Takeaways

• The speaker, Stephen Pope, discusses the frustration of not being able to determine profit and loss from the Amazon Payments Report due to the omission of advertising spend.

• He explains the process of accessing the payments report, generating a summary report, and analyzing the income and expenses.

• The video highlights the challenges in identifying advertising costs, particularly when using a credit card, and suggests alternative methods for calculating them.