Reconciliation Report of Mutual Payments

Reconciliation report of mutual payments is a document in which Ozon collects information about all mutual payments with you for the quarter. This is not a mandatory document, but accounting services often use it to avoid discrepancies in financial accounting.

Reconciliation report has legal force only if both parties have signed it.

View reconciliation report

At the end of each quarter, Ozon forms a reconciliation report of mutual payments. We’ll send it to you by the 15th of next month. For example, you’ll get the reconciliation report for January–March by April 15.

You can find all reconciliation reports in your personal account in the Finance → Documents → Reconciliation reports section.

We only generate quarterly reconciliation reports. You can’t get a document for a month, six months, or a year.

Content

We only include information about mutual payments on the part of Ozon in the reconciliation report. You can fill in the right part of the table yourself.

For each operation in the reconciliation report, we specify:

• the billing date;
• the name of the document or payment order;
• debit amount: your debt to Ozon under this document;
• credit amount: Ozon’s debt to you under this document.

At the beginning and the end of the report you can see Initial balance and Final balance rows. Balance is the difference between the debit and credit amounts, in other words, the outstanding balance.

• Initial balance = final balance of the previous period.
• Final balance = initial balance + all financial transactions for the quarter.

Initial and final balance positions in the reconciliation report may change. If the balance is in the Debit column, your expenses exceed the sum of your income, if in the Credit column—vice versa.

Make settlements reconciliation

Check the report of mutual payments, the amount of debit and credit on them, and compare them with your data. Operations in your and Ozon columns must match and mirror one another: the Ozon debit amounts should be equal to your credit amounts, and vice versa.

Make a payment reconciliation within 15 working days after receiving the report. After that:

• Accept the reconciliation report if you have no questions or disagreements on the amounts and documents in the report.

• Reject the reconciliation report if you have questions or disagreements on the amounts. The system will automatically create a support request.

  Specify the discrepancies in it and attach the reconciliation reports from the beginning of your work on Ozon until the end of the last quarter, so we can study them.

If you don’t give an answer on the reconciliation report within 15 working days, Ozon will accept the report automatically.

Balances don’t match

The balances may not match if:

• Ozon hasn’t provided you with all the closing documents. Reject the report and request the missing documents.

• You haven’t taken into account all the closing documents. Find the necessary ones and add them to your reconciliation report. If you can’t find the documents, reject the report and write to support service.

• Documents in reconciliation reports are taken into account for different periods. If you agree with our accounting, correct the documents, if not, write to support service.

• You made a reconciliation report for several contracts or personal accounts at once. Make a separate report for each of them.

We’ll make a disagreement protocol if the mistake is ours. We’ll specify which documents aren’t reflected or reflected incorrectly in it and take this into account when forming the next report.