Reconcile TikTok Shop Payouts¶
A payout is one transfer TikTok Shop makes to your bank, settling the statements it carries.
Payouts are read by the statement import, both when you run it and when its scheduled action runs. See Import TikTok Shop Statements In Odoo.
Each payout raises a bank statement in the Statement Journal of the instance, which is then reconciled against the invoices and the accounts mapped in Statement Account Configuration.
The Payouts¶
The payouts are listed under .
A payout carries its Amount, its Currency and the Exchange Rate where the money was converted, the Bank Account it was paid into, its Paid On date, the Statements it settles and the Settled Amounts behind them. Its status says how far it has got:
Status |
What it means |
|---|---|
Draft |
Read from TikTok Shop; no bank statement yet. |
Processing |
Its bank statement exists, and some lines are still unreconciled. |
Validated |
Every line of its bank statement is reconciled. |
Step 1: Post¶
The statement import raises the bank statement of every payout once every statement it carries is paid, because until then what reaches the bank is not final. To raise it yourself, open the payout in Draft and click Post.
The payout moves to Processing, and its bank statement opens from the Bank Statement stat button.
Step 2: Reconcile¶
Auto Reconcile¶
Click Auto Reconcile to match the bank statement lines against the invoices, and to post every other amount to the account mapped for its transaction type. It raises the bank statement first when the payout is still in Draft.
Note
Auto Reconcile requires the Accounting application from Odoo Enterprise. In Odoo Community it stops with “Auto Reconcile is not supported in Community.” — reconcile the bank statement from the Accounting app instead.
Tip
To reconcile a payout the moment its bank statement is raised, enable Auto Process Statements? on the instance’s Finance tab. It also requires Odoo Enterprise.
Reconcile¶
Click Reconcile to open Odoo’s bank reconciliation view and match what is left by hand. It uses the reconciliation view of Odoo Enterprise; in Odoo Community, reconcile the bank statement from the Accounting app.
When every line is reconciled, the payout becomes Validated.
Starting Over¶
Click Reset to New on a payout in Processing to undo its reconciliations and remove its bank statement, so it can be posted again.