{"id":82,"date":"2020-07-01T05:19:43","date_gmt":"2020-07-01T05:19:43","guid":{"rendered":"http:\/\/msfinance.in\/Blog\/?p=82"},"modified":"2020-07-01T05:19:45","modified_gmt":"2020-07-01T05:19:45","slug":"myntra-payment-reconciliation","status":"publish","type":"post","link":"https:\/\/msfinance.in\/Blog\/myntra-payment-reconciliation\/","title":{"rendered":"Myntra Payment Reconciliation"},"content":{"rendered":"\n
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Dear Sellers<\/strong> , Hope you all are well and doing great . I am Tapas behera , E-Commerce finance analyst , Today I would like to explain about Myntra’s payment Reconciliation , related to various module.<\/p>\n\n\n\n

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

4-PPMP<\/p>\n\n\n\n

Where JIT & SJIT both are B2B module and FBM & PPMP are B2C module ,let’s discuss about it briefly .<\/p>\n\n\n\n

JIT<\/strong> known as Just in time , in this module Sellers were getting 1-2 po’s per day and need to send Tax invoice along with goods to nearest Myntra Hub , Payment process is next month 20th . At the time payment calculation looks like below ,<\/p>\n\n\n\n
Details<\/strong><\/td>Value<\/strong><\/td>Nature<\/strong><\/td><\/tr>
Sales Invoice value<\/td>xxxxxxx<\/td>Credit<\/td><\/tr>
Return Gate pass<\/td>xxxxxxx<\/td>Debit<\/td><\/tr>
Discount sharing<\/td>xxxxxxx<\/td>Debit<\/td><\/tr>
Minimum margin<\/td>xxxxxxx<\/td>Debit<\/td><\/tr>
Cancelation fees<\/td>xxxxxxx<\/td>Debit<\/td><\/tr>
TOI<\/td>xxxxxxx<\/td>Debit<\/td><\/tr>
<\/td><\/td><\/td><\/tr>
Net balance payable<\/td>xxxxxxx<\/td>(Credit-Debit)<\/td><\/tr><\/tbody><\/table>\n\n\n\n

SJIT<\/strong> module was a famous module at that time , cause there was 1-2 bulk po in a month and need to ship those goods to along with tax Invoice , payment will happen next month by 15th for all successful sales less return and less all deductions like JIT.<\/p>\n\n\n\n

FBM<\/strong> also known as fulfillment by merchant, it’s actually 2 types FBM CC ( Fixed commission ) FBM C+L (Commission & Logistic (Both forward & reverse) Payment is D+15 after deductions off charges, Point is that we need to monitor all payment received or not with correct deductions , we have designed our module to track all the payments, 6 payments in a week , FBM module payment reconciliation is discussed in detail at another blog , please click below to redirect to that page, http:\/\/msfinance.in\/Blog\/index.php\/2019\/11\/10\/hello-world\/<\/a> <\/p>\n\n\n\n

PPMP<\/strong> module is a self ship module , it’s b2c , seller need prepare packet for all single orders and send to customers directly, Payment is D+15 after deductions of all fees like commission , PG fee, fixed fee , Logistic -Forward \/Reverse , etc , weekly 6 payment e.g Monday 2 payments (1 for cod \/ 1 for prepaid ) same Wednesday & Friday. Important thing is that we need to monitor all payment received or not with correct deductions , we have designed our module to track all the payments .<\/p>\n\n\n\n

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

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

Finance Analyst (E-commerce)<\/p>\n\n\n\n

T-9818958912<\/p>\n\n\n\n

mail : info.efinancereco@gmail.com<\/p>\n\n\n\n

skype: tapasbeherapintu<\/p>\n\n\n\n

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

Dear Sellers , Hope you all are well and doing great . I am Tapas behera , E-Commerce finance analyst , Today I would like to explain about Myntra’s payment Reconciliation , related to various module. Myntra is a leading E-Commerce company for Fashion, each and every seller wants to on […]<\/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\/82"}],"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=82"}],"version-history":[{"count":2,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/posts\/82\/revisions"}],"predecessor-version":[{"id":85,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/posts\/82\/revisions\/85"}],"wp:attachment":[{"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/media?parent=82"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/categories?post=82"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/msfinance.in\/Blog\/wp-json\/wp\/v2\/tags?post=82"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}