Glossary
What is 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.
The definition
Net deposit explained
The net deposit is what shows up on the bank statement: one figure that may stand for hundreds or thousands of orders, fees, refunds, and reserve movements. On its own it tells finance almost nothing about what happened, only that some amount of cash arrived. The decomposition that explains it belongs to settlement reconciliation.
Treating the net deposit as if it were the whole story is where the books drift. A governed workflow takes the net deposit apart: every order, fee, and timing difference is matched and posted, so the deposit ties to the activity behind it rather than sitting on the ledger as an unexplained lump sum. This is a decomposition of one number into its parts, not a measure of money lost.
Where this shows up at Altura
FAQ
Frequently asked question
See also
Related terms
Related terms that come up in the same workflows.
01
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 definition02
Clearing account
A clearing account is a temporary general-ledger account where settlement and payout activity lands before it is matched, fees are separated, and the net is swept to the bank. For multi-channel reconciliation it is the structurally correct place to hold a payout until every line is explained and posted.
Read the definition03
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.
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