Simplifying Financial Management with CSM for Amazon –
In this video, we explore the financial management functionality of Suite Engine’s CSM for Amazon –
CSM for Amazon integrates with Microsoft Dynamics 365 Business Central to streamline the handling of financial events and transactions. This video demonstrates how to retrieve and process settlement reports from Amazon Seller Central, assign accounts to various financial event types, and generate general journal lines for posting. This process ensures accurate financial tracking and reporting for Amazon sellers.
Simplifying Financial Management with CSM for Amazon
Managing finances for an Amazon store can be complex, but CSM (Channel Sales Manager) for Amazon simplifies this process by integrating with Dynamics 365 Business Central. This video demonstrates how CSM helps streamline the handling of financial events and transactions, ensuring accurate financial tracking and reporting.
The demonstration begins with an overview of the setup, noting that the integration is connected to a real Amazon account. Although the demo store sells simple items like notepads and back scratchers, the principles apply to any Amazon business. The key feature of CSM for financial management is its ability to bring Amazon’s financial reports into Business Central, complete with all transactional details.
Financial Events in Amazon
Amazon disperses funds to sellers every 14 days through a process known as financial events. CSM retrieves these reports and imports them into Business Central, where the transactional details can be used to generate general journal entries. This integration ensures that all financial data is accurately recorded and easily accessible.
Financial Event Types
The video explains the concept of financial event types, which are preloaded in CSM for Amazon. These event types cover all the various transactions that Amazon supports, such as storage fees and monthly charges. Users can assign specific accounts to these event types, ensuring that each transaction is correctly categorized in the general ledger.
To demonstrate the process, the video shows how to manually retrieve and process settlement reports from Amazon Seller Central. The retrieved reports are then processed to create financial event transactions in Business Central. Although the demo data is limited, the process illustrates how CSM handles these transactions, ensuring that all relevant financial information is captured.
Generating Journal Lines
The final step involves generating general journal lines for posting. Only transactions with defined general ledger accounts are included in the journal lines, ensuring that all postings are accurate and complete. The video concludes by showing how to post these journal lines and finalizing the financial tracking process.
By integrating CSM for Amazon’s financial management with Business Central, you have a comprehensive solution for managing Amazon store finances. This integration simplifies the process, reduces errors, and ensures that all financial data is accurately recorded, making it easier for Amazon sellers to manage their businesses effectively.
What is CSM for Amazon?
CSM for Amazon, or Channel Sales Manager for Amazon, is an integration tool designed to streamline eCommerce operations by automating and synchronizing Amazon orders and financial information within Microsoft Dynamics 365 Business Central. This tool helps businesses manage multiple Amazon channels, including Fulfilled by Merchant (FBM) and Fulfilled by Amazon (FBA) and provides visibility into the fees associated with shipping and inventory management.
Key features of CSM for Amazon include:
- Automated Order Retrieval: Ensures you never miss an order by automatically retrieving Amazon orders.
- Real-Time Shipment Information: Sends shipment information for FBM orders in real-time and detects changes to orders in fulfillment processing.
- Financial Reporting: Provides detailed financial information, including order-level cost of goods sold (COGS) and profitability, helping reconcile Amazon payments.
- Workflow Automation: Enhances sales order visibility and processing speed, reducing fulfillment errors and improving customer satisfaction.
CSM for Amazon supports both Amazon’s modern SP-API set and its legacy MWS suite, making it a versatile solution for businesses of all sizes. By integrating with Business Central, CSM for Amazon eliminates the need for external middleware, simplifying the integration process and ensuring seamless operation.
CSM sets you up for success by allowing you to connect to any channel today and tomorrow. We invite you to partner with us. Schedule a personalized demo today.
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- Multi-Channel Fulfillment Support
- New CSM for Amazon Release Brings Full SP-API Support
- Strategic Planning for a Stronger eCommerce Industry
