taxomate splits Amazon settlements into 2 different invoices to match the sales and the associated fees to their respective months.
Normally, Amazon settlements are paid every 1-2 weeks (15 days in most cases). This time period sometimes crosses the calendar month boundary.
Quick Example
Let's say an Amazon settlement is from January 22nd to February 5th. Payment is probably going to appear in your bank account around February 7th. Does this settlement belong in January or February?
Posting sales and fees in the month in which you have received your Amazon bank payment is not an ideal situation for reporting purposes. See Accrual vs. Cash Basis Accounting for more information.
👉 taxomate provides the option to split the settlement and imports two different invoices in order to attribute the sales or fees to the month they actually took place. This allows for more accurate accounting and bookkeeping and to better forecast your growth.
If you do not wish to use this setting, you can always change it in Settings > Invoice.
