| || |
| || |
Join Date: Jul 2012
Location: Victoria - on the edge of the "Otways"
Thanked 83 Times in 80 Posts
| | Re: What document when sending collected payments my clients?
My experience of using ecommerce stores is limited and I'm no accountant but here's my 2 cents, I'm assuming the store owner does all the physical handling of product.
1. as said previously, probably automated by the store or payment processor.
2. order to supplier (site owner?) ... how do you do this if they're IT illiterate? Ring them? Send a paper order? ... I'll assume they can handle email.
3. problem? not sure why you need an invoice at this step, appears to me it's an issue for store owner ... order just keeps bouncing till it's filled, it's a confirmation of an already listed transaction not another sale.
4. you send a statement of filled orders (confirmed by your bank deposits) for the billing period, plus invoice for your fee based on confirmed orders.
Maybe I'm wrong but I'd assume everything in the middle is just a series of transfers between accounts (like a bank statement) to and from a master account.
Your income and costs are only related to your fee for service and costs running the master account and sites, all other book keeping is the store owners issue, isn't it?
Sounds like fun, hope you sort it, out or an accounting guru steps in, hope you don't find you need a banking license.