{"id":1,"date":"2019-11-10T05:38:47","date_gmt":"2019-11-10T05:38:47","guid":{"rendered":"http:\/\/msfinance.in\/Blog\/?p=1"},"modified":"2020-04-23T10:19:24","modified_gmt":"2020-04-23T10:19:24","slug":"hello-world","status":"publish","type":"post","link":"https:\/\/msfinance.in\/Blog\/hello-world\/","title":{"rendered":"Myntra FBM Reconciliation"},"content":{"rendered":"\n
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Myntra<\/strong> 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 , <\/p>\n\n\n\n

1-JIT (Just in time)<\/p>\n\n\n\n

2-SOR\/SJIT ( Sales or Return)<\/p>\n\n\n\n

3-FBM (Fulfillment by Merchant)<\/p>\n\n\n\n

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.<\/p>\n\n\n\n

 What Is the necessity of Myntra FBM – Reconciliation <\/em><\/strong><\/p>\n\n\n\n

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 .<\/p>\n\n\n\n

Details of Myntra FBM Reconciliation<\/em><\/strong><\/p>\n\n\n\n

Below is the process to Get the details from Portal , <\/p>\n\n\n\n

Log in to Partner Portal, Chose FBM , Go to  reports , Go to Financial Reports Chose months and get the details.<\/p>\n\n\n\n

1- Sales Revenue Packed B2C monthly report
2- Restocked B2C monthly report
3- PG Forward Settled monthly report
4-PG Reverse Settled monthly report<\/p>\n\n\n\n

Below is the snap of Reports <\/p>\n\n\n\n

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FBM Myntra Reconciliation Process<\/strong><\/p>\n\n\n\n

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<\/p>\n\n\n\n

Wrong Reconciliation Impact on Your account & GST<\/strong><\/p>\n\n\n\n

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.<\/p>\n\n\n\n

 Thanks For your time & Give us your valuable feed back on this<\/strong><\/p>\n\n\n\n

With Regards<\/em><\/strong><\/p>\n\n\n\n

Tapas behera<\/em><\/strong><\/p>\n\n\n\n

+91-9818958912<\/em><\/strong><\/p>\n\n\n\n

Sr. Analyst E-Commerce<\/em><\/strong><\/p>\n\n\n\n

Financial & Accounts health<\/em><\/strong><\/p>\n\n\n\n

MS Finance Services<\/em><\/strong><\/p>\n\n\n\n

www.msfinance.in<\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/posts\/1"}],"collection":[{"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/comments?post=1"}],"version-history":[{"count":4,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/posts\/1\/revisions"}],"predecessor-version":[{"id":74,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/posts\/1\/revisions\/74"}],"wp:attachment":[{"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/media?parent=1"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/categories?post=1"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/tags?post=1"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}