Myntra FBM Reconciliation

Myntra is a leading E-Commerce company for Fashion, each and every seller wants to on board at Myntra , But Myntra chose selected seller as per performance and Listing capacity to on board at his portal, How ever In India Myntra currently running by 3 modules , 

1-JIT (Just in time)

2-SOR/SJIT ( Sales or Return)

3-FBM (Fulfillment by Merchant)

As per above module , JIT & SJIT both are B2B module and FBM is B2C module , on this Blog we will discuss about FBM – Myntra reconciliation , which is very tough and difficult to understand.

 What Is the necessity of Myntra FBM – Reconciliation 

Every vendors want to know their payment against sales , so it’s being require to do the reconciliation , though JIT module was very easy to reconcile Invoice to Invoice and that was mostly 30-60 invoices on a month so anyone can easily track that payment , but in FBM the module is difficult and Complicated also , If you could not reconcile then your payment may stuck some where .

Details of Myntra FBM Reconciliation

Below is the process to Get the details from Portal , 

Log in to Partner Portal, Chose FBM , Go to  reports , Go to Financial Reports Chose months and get the details.

1- Sales Revenue Packed B2C monthly report
2- Restocked B2C monthly report
3- PG Forward Settled monthly report
4-PG Reverse Settled monthly report

Below is the snap of Reports 

FBM Myntra Reconciliation Process

Sales and revenue reports is your sales and take the total price and customer paid price , Take the details from Mynyra unicommerce Item barcode lavel reports and check the GP no for return , Pivot PG Forward & Reverse amount , check the commission , Logistic , TCS and check the %ge very clearly , check settlement & Bank payment , match with your bank all payment received or not , if any discrepancy  found then raise the tickets .Myntra PST will help you on this

Wrong Reconciliation Impact on Your account & GST

Your reconciliation should proper else payment will stuck or miss and your capital rotation process will hamper , also you need to take correct sales , Return & Commission , Logistic Invoice, TCS else GST will mismatch.

 Thanks For your time & Give us your valuable feed back on this

With Regards

Tapas behera

+91-9818958912

Sr. Analyst E-Commerce

Financial & Accounts health

MS Finance Services

www.msfinance.in

13 thoughts to “Myntra FBM Reconciliation”

    1. Hi Pritam
      Hope you are well ,it’s mandatory to move FBM or PPMP cause JIT module going to shot down due to FDI policy , compares there is nothing benefits in visibility or sales boost, yes it’s under your control .

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