Meesho Payment Reconciliation , A to Z Process about ecommerce business, Profit and Loss Analysis

Dear Seller , Hope you all are well and doing great . I am Tapas behera , E-Commerce finance analyst , would like to explain about Meesho payment Reconciliation .

Meesho is leading ecommerce company and doing a great business in India most of small and medium scale sellers are getting a good number of orders due to Meesho , so we are here to thankful Meesho to provide a good business platform to sellers .

Important points about payment

Now meesho is the 1st e-commerce plat form who if giving payment by D+7 days to his sellers so you need to check with all Delivered orders payment you are getting post 7 days of Delivery or not, Meesho is Commission and shipping free company who is not charging any Commission or any Logistics to his sellers but in case of customer return Meesho will recover below amount as per product weight ,

A return shipping fee is a delivery charge that the supplier pays for a Customer Return. No fee is charged for a Courier Return (RTO).Fee is calculated as per total weight of returned item. Total weight = Item weight x Quantity

Total Weight(grams)Fee(Gross GST)
Upto 500₹120
501 to 1000₹166
1001 to 1500₹225
1501 to 2000₹278
2001 to 2500₹331
2501 to 3000₹384
3001 to 3500₹437
3501 to 4000₹490

Apart from this TCS 1% and TDS 1% on Taxable value is deducted from your payment which can claim later from IT portal and GST portal , also Which customer shipping added by Meesho that amount’s GST @18% will be deducted to sellers payment and that amount can claim at your GST portal also. Advertisement spend amount also adjusted with your payment.

Important points regarding Return -RTO

Meesho will provide return by 2 modes one is customer return and one is courier return , seller need to reconcile his return as all return physically received or not as per panel .

Advertisement cost
Advt Expenses is calculated by Cost per click and same amount will be always deducted from your up coming payment .

Regarding Final Payment Reconciliation

Seller all your shipped orders need to settled via payment or return if any gap found you can log a ticket at seller support and there is a nice support team those are helping very nicely ,

It’s all about Meesho payment reconciliation , we request every seller to do payment reconciliation , Profit and loss analysis for each and every online portal , you should do by your self or help with accounts team or an expert team of e-commerce ,

Feel free to get in touch with us for payment reconciliation services and all e-commerce related services as per details Below.

Regards

Tapas behera

Finance Analyst (E-commerce)

T-9818958912

mail : info.efinancereco@gmail.com

skype: tapasbeherapintu

Web : http://www.msfinance.in/

Covid Pandemic and roll of E-Commerce Business

Dear Sellers , Hope you all are well and safe , please be careful in this tough time . I am Tapas behera , E-Commerce Financial analyst & Consultant , would like to present some vital information about business condition of E-Commerce Sector in this Covid time.

We all know it’s a very bad phase for not only our country India but also for whole World , it’s a very bad condition for Life ,Job, business. around 70 lakhs people lost their job , where one analysis told maximum people’s bank account have Zero Savings now , Maximum company closed , We are little lucky as engaged with E-Commerce business, as same business is running due to non contact delivery /E-Business and some of coming under essential goods/services . I am discussing here some Major points which can help you for Your business Growth if you are a managing partner , it can help an employee as well as an E-Commerce consultant . Everyone engaged with E-Commerce .

Point 1# Why E-Commerce business is running where other business is closed

State Government of Various states allowing to open E-Commerce company and Delivery as it’s non contact and can reach to your door, it’s Delivering Essential and non essential goods , Central government has not been issued any guidelines (Except normal safety majors ) for Same in this year , state Govt. issues guidelines and all E-Commerce staff need to obey same covid guide lines. Govt Observed it’s important for People as they need the goods both Essential and nonessential as local market /Shopping mall etc are closed and movement to take same is difficult in this time and risk of infection , as a running business Company can balance in financially and operationally , financial rotation can happen and staff can pay on time with Job secure , Govt. can receive the tax so it’s might help to Government . We know it’s very less tax comparative of Large Scale business of offline but in this time same tax revenue can help govt. too.

Point 2# What should be action plan of an E-Commerce business in this Covid time

Company Management team should obey all the guidelines issues by local government and should train their staff for same ,should focus more on employee health , both Mentally and Physically , focus more on work from home , only operation and production team need to come office as it’s operational activities , try to avoid unnecessary expenses . Need e big plan for stock in hand but should not over stock , last year end of lockdown give an experience of a high sales , so we think this year also same will be repeated again , Company should ready with all action plan to achieve the same sales , company should add if Category addition require .

Point 3# Why Maximum E-Commerce business could not balance the profitability for a long period of time

In E-Commerce business , it’s matter your direct and indirect expenses , i mean you should clear about your commission , logistics and all portal Expenses , suppose you are selling a product of Rs 1000 under Flipkart Portal where Commission 15% , Logistics Forward 45-55-75 for Zonal , Local and national respectively , 2% pg fee or rs 20 which ever is higher , fixed fee 20 rs other transaction fee rs 20 , so company will get rs 715 if product sold to National and if return then Reverse Logistics will be charged as per mou , so it’s basic calculation should add with costing sheet , also return should tally with physical received pcs , Payment should reconcile timely else Online portal will not entertain , so all loss should avoid then a company can succeed .

Company management should analyze above points and keep in mind to run a successful business , we are at MS Finance and Analysis Services , providing services of Payment Reconciliation for E-Commerce , Return operational management and Safe-t claim management , Cost to Profit business analysis , chanel analysis , Risk management etc around 200 companies across all over India , feel free to contact us , we will happy to hear from you .

Regards

Tapas behera

Finance Analyst (E-commerce)

T-9818958912

mail : info.efinancereco@gmail.com

skype: tapasbeherapintu

Web : http://www.msfinance.in/

Ajio Payment Reconciliation

Dear Sellers , Hope you all are well and doing great . I am Tapas behera , E-Commerce finance analyst , would like to explain about Ajio’s payment Reconciliation , related to various module.

Well , You all aware about AJio , It’s a leading E-Commerce Marketplace place for sellers . AJio is running 3 Module currently as below.

1- SOR (Sales or Return)

2- B2B (Jit Module)

3- B2C (Commission and Logistics Marketplace )

SOR is the oldest method where seller got paid once product sold by Ajio at their ware house , that module seller direct billed to Ajio on bulk orders and for a particular month Ajio calculate Sales vs return and make the payment , previously the discount treated as normal expenses and no GST impact , difference GST got paid under final payment , but post April 2020 , Ajio is issuing GST Debit note for Discount which is Available under GSTR2A, this is a good method for seller on operational point of view and one time bulk payment .

B2B Is new Model under Ajio , where seller will get daily a Purchase Orders and dispatch to Ajio , and the payment will be happen 2 times a month as per Grned previous month for a stipulated period after deduction of return , Marketing etc.

B2C also a new module introduced by Ajio Marketplace , here customer will get regular and separate orders for individual customers and Seller need to ship and payment will be happen post Commission and Logistics deduction.

For Payment Reconciliation fell free to get in touch with us for Ajio or Any other market places .

Regards

Tapas behera

Finance Analyst (E-commerce)

T-9818958912

mail : info.efinancereco@gmail.com

skype: tapasbeherapintu

Web : http://www.msfinance.in/