The accounting feature help you keep track of your sales, transaction fees, payouts, and withdrawals. To access the accounting page, go to Sellers → Accounting. Here’s the list of actions that the page takes into account:
The table on the Accounting page consists of the following columns:
Purposemart uses payouts to collect fees from Sellers. When Purpsoemart issues a payout, the seller is supposed to make the payment. Purpsoemart then receives the money and sets the status of the payout to Completed.
Seller administrators can’t issue a payout or change its status. Only Purposemart administrators can do that.
In most cases, payouts are issued and completed automatically:
Purposemart uses withdrawals to distribute funds to sellers. Payment will be automatically disbursed to you, 15 days from the order date for domestic orders or 21 days for international orders. However, you can also create withdrawal requests from your dashboard. we cover disbursement in a separate article here.
To request a withdrawal, a seller must:
4. Click Create. A new withdrawal with the Pending status will appear on the list of transactions.
Once a withdrawal is requested, we’ll review to decide to process or decline.
When working with the Accounting page, it’s important to understand two terms:
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