Tradebox One can import the following fees:
This requires a direct connection to the marketplace, so using Tradebox to connect to a third-party interim system does not allow for fees to be download.
What can I do with the fees?
- You can view their amounts at a summary level or drill to individual transaction level within Tradebox
- You can also post them to your accounts package if the channel has an active accounts link
- Fees post to Sage accounts as Bank Payments and Bank Receipts
- Fees post to Xero accounts (coming soon) as Spend Money and Receive Money transactions
Will they post automatically to my accounts package?
- No, the download of fees to Tradebox is automatic but you as the user will choose which fees to post to accounts and when. This can be done in bulk.
Can I download PayPal fees for other marketplaces or for sales through my webstore?
- No, only for eBay sales
How are foreign currency fees handled?
- Tradebox will record the exchange rate used at the time of download with every fee. This will be the rate used whenever you see the fee later, so it's always as near a representation as we can get of the equivalent GBP amount of the fee as it was at the time.
- When posting foreign-to-foreign through an accounts link, Tradebox will provide the exchange rate at the time of download to your accounts package to be used in later revaluation.
- When posting foreign-to-GBP through an accounts link, Tradebox will run the conversion using the exchange rate at the time of download, so it'll be the same even if you're posting at a later date after the rate has changed.
- For full details on how Tradebox uses exchange rates, click here.
How often will fees download? Is there a lag?
- PayPal fees download with every order
- eBay fees download monthly, after you've paid eBay. eBay bill sellers calendar-monthly, you'll typically be invoiced towards the middle of the following month and if you've set payment to be taken automatically this will normally be marked as paid a day or two after the invoice.
- Amazon fees download when their settlement report is generated, every two weeks. The date of this will vary per user.
Why aren't fees deducted from the sale amount? I don't receive the full amount of the sale
- The order values in Tradebox will always reflect what your customer pays, and if you're using it to integrate with an accounts package those are the values that will be passed as well. It's a financial record of the transaction and if at any point your customer requested an invoice, you'd need that to display the amount they paid.
- The download and posting of fees should balance out the order value (and optional receipts) being of a higher value than you as the seller actually receive when a purchase is fully accounted for. The below table shows an example of the process where a buyer pays £100 and you as the seller receive £95. This is one of the reasons why we recommend tracking your online sales through a notional bank in your bookkeeping, as this reflects the in/out movement of your account with Amazon, eBay or PayPal.
|Buyer pays in reality||Order/Invoice created as||Invoice paid - showing as money in||Fee transaction showing as money out||Total remaining in 'bank' on your books|
How to download, view and post fees to the accounts
We have an in depth article that explains the process for downloading, viewing and posting each type of fee:
If you need to post fees to your accounts a second time
Once fees have been posted to the accounts, they will not do so again unless they're reset. You may need to reset your fees to post a second time, for instance if they were posted with incorrect settings or if you have restored an earlier backup in your accounts package. If you need to do this, please follow the instructions in our resetting fees article.