Finance
Overview
This section describes the reconciliation reports generated by Global-e on the reconciliation process. there are differences in the reports depending on the region, as described below.
General descriptions of the reconciliation report are detailed here.
This section describes the following:
The Reconciliation Process (Finance)
The following fields appear in the report:
D&T Paid by Customer: Total D&Ts paid by the customer as reflected in column Q of the reconciliation report.
Total Order Value: The total order value used as the base to calculate the service fee.
Base for Service Fee: The total order value used as the base to calculate the service fee.
Service Fee Percentage: The percentage from the contract used to calculate the service fee; referred to as the platform fee in the contract.
Service Fee: The service fee based on the percentage listed in the field above, based on the total order value paid by the customer, also listed in the fields above.
Base for Reconciliation Fee: The fee calculation based on the Total Order Value paid by the customer.
Reconciliation Fee Percentage: Percentage from the contract used to calculate the payment processing fee.
Reconciliation Fee: Percentage per contract of the base for Reconciliation Fee noted above.
The reconciliation process entails the following steps:
Global-e generates a Reconciliation Report which provides comprehensive detail of all your sales. See ???.
Global-e generates the following invoices:
A self-billing invoice for sales less refunds.
An invoice for Global-e’s services, fees, and any shipping subsidies.
See invoice examples: United Kingdom, United States, Australia, Europe.
Payment: Global-e processes the payment for the net total of the self-billing invoice and the corresponding fees invoice, according to the standard payment terms. See Billing Period and Payment Terms
Note
The Sales Total serves as the basis for the service fee calculation each week.
Orders are included for reconciliation according to ‘Received In Hub’ date and refunds by their creation date.