Glossary
What is marketplace remittance?
A marketplace remittance is the statement or document a marketplace provides for a settlement period, showing gross activity, fees, refunds, reserves, adjustments, and the net amount owed to the seller. It is evidence for reconciliation, not the reconciliation process itself and not necessarily the same as the bank deposit timing.
The definition
Marketplace remittance explained
Marketplaces like Amazon, Walmart, and others do not report one clean NetSuite transaction per order. They publish a remittance statement for a settlement window, with the marketplace's version of sales, commissions, refunds, reserves, deductions, and net owed. That document is the source evidence finance needs before it can explain the payout.
Because the remittance document nets so much together, the work is decomposing it: tying each line back to the order, refund, or fee it represents, isolating what is timing versus what is a real discrepancy, and posting fees to the right accounts. That decomposition belongs to settlement reconciliation; the remittance is the statement being reconciled.
Where this shows up at Altura
FAQ
Frequently asked question
See also
Related terms
Related terms that come up in the same workflows.
01
Net deposit
A net deposit is the single amount a marketplace or processor actually transfers to the bank after netting its fees, refunds, reserves, and adjustments against gross sales. Because it summarizes many transactions into one number, the net deposit is an input to reconciliation, not proof that the underlying activity has been matched or explained.
Read the definition02
Settlement reconciliation
Settlement reconciliation is the process of proving that each marketplace remittance statement and payout deposit matches the underlying orders, refunds, fees, reserves, and adjustments in NetSuite. It is not the statement itself. It is not the bank transfer event; it is the governed matching workflow that explains variances before finance posts the close.
Read the definition03
Chargeback / deduction
A chargeback or deduction is an amount a retail or marketplace partner withholds from payment because a shipment, document, or invoice failed to meet their compliance rules: a late ASN, a labeling error, a routing miss. Left untracked, deductions quietly erode channel margin and distort settlement reconciliation.
Read the definition04
Month-end close automation
Month-end close automation converts the manual, repetitive parts of closing the books (reconciliations, evidence gathering, report rebuilds, exception reviews) into a governed, repeatable workflow in NetSuite. The goal is a close that ties out without needing explanation, with human sign-off retained where judgment and risk matter.
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