This article will guide you through the key components of your financial statements, helping you interpret the details and better understand your business's performance in a given date period.

You'll receive a statement and commission invoice along with each of your payouts. Your statements will always be in your home currency, regardless of the currency the customer purchased in.

Here's a sample financial statement with details for each term below:

Key terms explained

Date range

For the week "..." to "...": The date range for sales in the statement.

Opening balance: This is your financial balance at the start of the weekly period.

• The opening balance for a statement is the same as the closing balance from the previous week.
• Using the example statement above: The weekly period is Saturday, November 23, 2024 00:00 - Friday, November 29, 2024 23:59.

Sales data and fees

New sales: The total value of all new sales made during the weekly period.

• Transaction fee: A percentage fee deducted from each sale.
• Total payment processing fee: A total percentage fee of combined Standard and Premium fees.
  • Standard processing fee: Individual breakdown of standard fee.
  • Premium processing fee: Individual breakdown of premium fee. Typically, commercial and premium Visa/Mastercard.
• Per transaction fee: A fixed charge per transaction incurred in your home currency.
• VAT on fees: Applicable for VAT registered companies, this represents the VAT incurred on fees.

Total Easol fees: The sum of all fees that Easol charges.

• Formula: Total transaction fees +  Total payment processing fees + Total per transaction fees + VAT on fees = Total Easol fees
• Using the statement example above: 60.42 + 258.45 + 76.34 + 78.90 = 474.11

Balance calculation

Net sales: The total in sales after subtracting the total Easol fees. This is also the total of the 'Net Transaction Value' for all transactions (not including payments, adjustments, or disputes).

• Formula: New sales - Total Easol fees = Net sales
• Using the example statement above: 12,587.24 - 474.11 = 12,113.13

• Payments made to "...": Any payments made to you in the weekly sales period. Note: this is not all previous payments made to you for this edition.
• Adjustments made: Adjustments are changes in the weekly sales period that are not due to normal sales. They can be positive or negative.
• Disputes: Where money is either held back from you as a result of an ongoing chargeback dispute (including dispute fee cost) or paid back to you as a result of a won chargeback dispute.

Closing balance on "..." date: The amount owed to you for the weekly sales period. This is not necessarily the amount that is paid out (see below).

• Formula: Opening balance + Net sales +/- Payments made +/- Adjustments +/- Disputes = Closing balance
• Using the example statement above: 3,018.92 + 12,113.13 +/- 0 +/- 0 +/- 0 = 15,132.05

Refunds in platform on "..." date: The total amount of pending refunds on the platform at this date.

Proposed payment on "..." date: The amount planned for your payout, which will be the closing balance minus any amounts withheld for refunds or contractual obligations, such as holdbacks. Typically, payouts are completed every Friday for all bookings taken up until 23:59 of the previous Friday.

Detailed transaction definitions

Your statement also includes a breakdown of individual transactions for the date range.

Booking details

• Line type: The type of transaction, such as a normal sale transaction, adjustments, disputes, or payments.
• Customer name: The name of the customer that is in reference to the line type.
• Booking ID: The booking ID which you can reference for the line item.
• Product name: The name of the product for the line item.
• Variant name: The name of the Variant for the line item.
• Details: This provides detail of any adjustments (reason for adjustments) or disputes (Booking ID for the dispute in question, and whether it is a new dispute or a won dispute).

Transaction details

• Transaction value: The value of the line item in your home currency.
• Per transaction fee: The per transaction fee for the line item.
• Payment processing: The payment processing fee for the line item.
• Transaction fee: The transaction fee for the line item.
• VAT on fees: The total VAT owed for the line item.
• Net transaction value: The total amount due / owed for the line item after Easol fees.