Amazon FBA auditing is vital to ensuring your company’s Seller Central account is maximizing profits. While your company may have exceptional Amazon account management, it is always worthwhile to consider using an Amazon auditing service. In this article, you’ll...
Amazon FBA auditing is vital to ensuring your company’s Seller Central account is maximizing profits. While your company may have exceptional Amazon account management, it is always worthwhile to consider using an Amazon auditing service.
In this article, you’ll learn about the various Amazon FBA auditing services, what to expect from the process, and other useful tips for choosing the best service provider.
Timeframes for FBA Auditing
Amazon allows FBA auditing for 18 months from when an item enters the system. This is standard across Seller Central accounts. Some types of claims, such as missing from inbound, have shorter time frames.
Contract Types Between Providers
FBA auditing services for Amazon Sellers tend to fall into one of two categories. Depending on your business processes, systems, and general compatibility, you’ll need to decide which model will work best for your FBA company.
The first option is a software subscription model. For this model, you pay a specific amount each month or quarter in exchange for access to Amazon seller accounting and auditing software. In addition, a percentage of the reimbursement funds your company is able to attain is still payable to the software company. This do-it-yourself option is helpful for companies who can dedicate a role to ongoing Amazon account auditing.
The second option is a full-service concierge model. This model involves nearly zero involvement from your company, instead trained auditors to use both proprietary software and proven best practices to conduct ongoing account audits on your behalf. This model involves no up-front costs, but instead, the company pays the FBA auditor agency a percentage of what the latter recovers in Amazon FBA reimbursements. These auditing companies combine technology and human oversight while performing regular audits to ensure nothing is missed and that both your company and theirs will profit from the partnership.
Amazon Seller Accounting Data Sync
Amazon allows you to send inventory reconciliation reports from your Amazon Seller Central dashboard. Unfortunately, some services may require this task to be performed manually. Users are required to send the resulting spreadsheet files for analysis to the service provider. Many sellers who don’t have the time or resources to do this time-consuming task will add the FBA auditing company as a user to their account with limited access, to ensure they can find all relevant information regarding your seller account.
Depending on the Amazon FBA auditing company, reviews could take days to weeks https://www.refundsniper.com/blog/the-process-of-getting-amazon-fba-reimbursements-what-you-need-to-know Each company may have proprietary methods they apply to your data. The best options use a combination of technology and human oversight to deliver the results you expect from the best Amazon Seller accounting auditing.
Statistics on Discrepancies
A good FBA auditing company will provide data regarding any discrepancies they find in your data. These statistics allow you to better plan within your company and update your Amazon seller accounting. If you’re interviewing an FBA auditor, ask how they handle this vital function. When selecting an agency make sure to inquire about their data reporting dashboard.
Filing the Paperwork on Amazon Resale Items
Once items are identified, the resolution requires a significant amount of paperwork. Some FBA auditing companies will professionally file the claim for you, while others will only supply the data necessary to file a claim.
Generally, it is worthwhile to seek out FBA auditors who will file the claim professionally on your behalf. In doing so they remove the necessity of this tedious process, while you receive the payments without wasting your valuable time.
Notes on Amazon Reimbursement
There is a clause in the Amazon Terms of Service that indicates reimbursements can be subject to reversal decisions. This clause can complicate Amazon seller accounting, which is why a good FBA auditing firm tackles all the data available from the previous eighteen months, not just the last quarter. This safeguard ensures that your profit margins remain intact. When looking for an agency make sure to check if they are aware of the most recent updates to Amazon’s Seller Central Terms of Service to ensure your audits and refunds are fully maximized.
Conclusion
FBA auditing is vital and should be conducted regularly as part of your Amazon seller accounting practices. There are many options for outsourcing the task of auditing your Amazon resale business. Choosing the one with features that match your business practices will benefit your business long term. If you’re ready to see what Amazon owes your business, please contact Refund Sniper for a no-hassle, free account review.