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The multi-channel seller’s monthly reconciliation checklist

A copy-and-keep monthly checklist for reconciling Amazon, Shopify and TikTok Shop settlements to your bank — so nothing leaks and the books actually balance.

If you sell on Amazon, Shopify and TikTok Shop, "did I actually make money this month" is a genuinely hard question — each channel pays on its own clock, in its own format, with its own deductions. Here's a copy-and-keep monthly checklist that gets all three reconciled to your bank without anything leaking through the cracks.

Once a month, per channel

1. Download the settlement / payout export

  • Amazon: Payments → All Statements → the V2 flat file (.txt).
  • Shopify: the payout transactions or payouts summary export.
  • TikTok Shop: the settlement/statement export from Seller Center.

2. Rebuild each payout from the parts

For every channel, take gross revenue and subtract, in order:

  • platform commission / referral fee
  • transaction / processing fees
  • affiliate commissions (TikTok especially)
  • refunds that landed in this period
  • reserves held vs reserves released
  • storage, seller-paid shipping, penalties

The result should equal the deposit that channel actually sent your bank.

3. Match payout-to-bank, not orders-to-bank

The rule that saves hours: reconcile each payout against the matching bank deposit by payout date. Orders and deposits live on different clocks — comparing "this month's orders" to "this month's deposits" will never balance.

The gotchas that leak money

  1. TikTok creator samples booked as 100%-discount orders — exclude from revenue or every metric skews.
  2. Amazon per-unit FBA fee drift — a SKU whose fulfillment fee jumped without a product change is a size-tier error you can dispute.
  3. Cross-period refunds — a refund in this payout for a sale in a prior one makes a month look short when it isn't.
  4. Reserves on Shopify and Amazon — money held or released shifts the deposit independent of sales.
  5. Double-counting TikTok fees — use fee components or a fee total, never both.

Roll it up

Once all three channels reconcile to their deposits, sum the net across channels for your true monthly take-home, and (if you keep books) push the categorized totals into QuickBooks or Xero. Now "did I make money" has an answer you can defend.

Doing this by hand across three formats every month is exactly the chore Sumhound exists to kill: upload each export, get the reconciled waterfall per channel, and see the anomalies flagged — free, no signup, files never stored. Paste this checklist somewhere you'll see it on the 1st of the month.

Stop doing this by hand. Upload your settlement file to the free Shopify payouts analyzer — Penny reconciles it to the cent and flags anything that looks wrong. Free, no signup, files never stored.

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Private by default. Settlement files are processed in memory and never stored.

Source-backed operational guidance, not accounting, tax or legal advice.