Settlements
A Settlement is the payout you receive from Vikra Seller for the products you’ve sold using the app. Once an order is placed, it becomes eligible for settlement only after it is delivered to the customer. The Settlements module in Vikra Seller helps you view, manage, and export your settlements.
Settlement Processing
Settlements will be processed from Vikra after the buyer application releases the funds for orders from their side. This timeframe might vary depending on the buyer application.
A settlement in Vikra Seller can contain payouts for multiple orders. If you have multiple orders pending settlement, all of them will be processed as a single settlement.
A settlement will have the following details:
| Field | Description |
|---|---|
| Settlement# | A sequential number assigned to every settlement. |
| Settlement Date | Date on which the settlement is processed. |
| Total Order Amount | Amount which the customer pays for the order. |
| Estimated Settlement | Amount expected to be paid for an order excluding TDS and TCS. |
| Actual Settlement | Amount paid to the seller after deducting TDS, TCS and convenience fee from the buyer application. |
| Total Orders | Number of orders for which the settlement is processed. |
| Reference# | A unique number generated at the bank’s site for the settlement transaction. |
| Bank Account | The bank account to which the settlement is made. |
Exporting Settlements
Settlements can be exported from Vikra Seller in CSV, XLS or XLSX formats. To do so:
- Go to Settlements from the left sidebar.
- Click the three dot icon on the top right corner of the page.
- Click Export Settlements.
- Choose an export template.
- Under Export As, choose the desired file format.
- If needed, you can enter a password for the exported file under Password to protect the file.
- Click Export.
Export Templates
When exporting settlements, you might need only specific information. This can be achieved using an export template. You can:
- Select the fields you want to export
- Rename them according to your preferences.
To create a new export template
- Click Select an Export Template under Fields in Export File.
- Click + New.
- Enter a Template Name.
- Choose a field name under Field name in Vikra Seller.
- Enter the name which you want the field to have under Field Name in Export File.
- Click Save and Select.