In this video, the speaker discusses how Amazon sellers can retrieve essential financial data for accounting purposes, particularly focusing on acquiring a report of sales and Fulfilled by Merchant (FBM) fees for a complete year. The main issue raised is the difficulty in accessing the FBM fees for tax filing, as the 1099 form only provides sales data and does not include a breakdown of FBM fees.
The process for obtaining this information is relatively straightforward. Sellers are guided to navigate their Seller Central dashboard, go to the "Payments" section, and access the "Reports Repository." From there, they can select the desired year, like 2022, and download the report in PDF format. The PDF summary is preferred over an Excel sheet to avoid transaction-by-transaction details and instead get a comprehensive summary. Once downloaded, sellers can find the necessary FBM fee information, which can be used for tax filing alongside their sales and other expenses.
To wrap up, the video emphasizes the simplicity of the process and encourages viewers to subscribe and like the content.
Check out the full video below for detailed steps and a visual walkthrough of the process.