How to record Sales & Payment for Shopee Seller using QNE

Overview:

This article explains how Shopee sellers using QNE should record their sales, payments, and platform charges in compliance with e-Invoice requirements.

Since Shopee issues a Self-Billed e-Invoice to sellers and collects payment on behalf of the buyer, the accounting treatment in QNE is different from normal direct sales.

Scenario:

You sell products on Shopee. Shopee issues a self-billed e-Invoice to you for the sales, deducts marketing fees, and pays you the net amount.
 
 You need to record:

• Sales
• Shopee fees
• Payment received
• Contra between Shopee customer & supplier accounts
   

This article shows you exactly how to record each step in QNE.

Solution:

1. Recording Shopee Sales in system

• Create Shopee as customer in QNE
• Create Sales Invoice but no need submit e-Invoice as Shopee has proceed self-Billed e-Invoice 
• No need to include under Consolidated e-Invoice in QNE

 Dr Shopee

   Cr   Sales 

2. Receive Payment from Shopee

• Create under Customer Receive Payment 
• Knockoff with invoices 

 Dr Bank 

   Cr Shopee 

3. Recording Expenses Charged by Shopee (E.g. Marketing Fee)

• Create Shopee as Supplier in QNE 
• Record in Purchase Invoice or Bill entry, update e-Invoice UUID column
• Shopee will send you the validated e-Invoice so no need to do Self-Billed
• Update UUID in the invoice if you want 

Dr Expenses Account 

   Cr Shopee 

4. Proceed Contra  

• In Journal Entry, select Shopee Supplier Account & Shopee Customer Account 
• Record expenses fee 
• Proceed knockoff under Shopee Customer Account & Shopee Supplier Account