Hello! I'm trying to reconcile our revenue share with Apple's 1099-K's.
Firstly, does anyone know if the 15% cut we qualified for in 2023 was only for the US?Meaning that Canada and Europe would stay at the 30% revenue share?
Also, on the 1099-K, it is listed by month. Is that the month the sales were made or when we received the payment? ie. January's sales are paid to us in March. None of the numbers on the 1099-K match our company books!!!
HELP!!!
does anyone know if the 15% cut we qualified for in 2023 was only for the US?Meaning that Canada and Europe would stay at the 30% revenue share?
It applies to all sales. If you seem to be receiving less than you expected, it’s probably because you have not allowed for tax.
Is there anywhere I can go to figure out the tax amounts?
Apple’s tables show “proceeds”. The difference between what the users pays and proceeds is Apple’s commission and any taxes. I do not believe that they break that diwn anywhere, but you can estimate it quite accurately as the commission is always the same percentage.
I just need something to reconcile
I strongly recommend not trying to do your accounts at that level - it requires handling multiple currencies and varying exchange rates, which is a huge extra burden. In your accounts, just have a single monthly payment from Apple in your own currency, and just use whatever amount they actually pay. Don’t try to formally link that to your sales numbers in your accounts.
P.S. I recommend not posting comments on this forum, they are easy to miss; post replies.