Amazon & FBA Sellers + Annual Company Accounts: The Challenge
As an amazon seller, preparing bank statements for annual company accounts is a common but time-consuming task. Preparing annual accounts for Companies House requires reconciling a full year of bank transactions. Many small companies still rely on PDF statements from their bank.
How BankScan AI Helps Amazon & FBA Sellers with Annual Company Accounts
Convert your bank statements to Excel and cross-reference Amazon disbursements with your Seller Central reports for accurate profit calculations and tax reporting. For annual company accounts specifically, BankScan AI extracts Opening and closing bank balances, total income received, categorised expenditur automatically.
How Amazon & FBA Sellers Handle Annual Company Accounts
When preparing bank statements for annual company accounts, amazon & fba sellers need to Amazon FBA sellers reconcile biweekly Amazon disbursements against Seller Central settlement reports, identify individual order-level revenue and fees. BankScan AI automates the data extraction step.
Key terms you'll encounter: disbursement, settlement report, ASIN, FBA fulfillment fee.
How It Works
Upload bank statement PDFs
Supports all major banks. Upload Full financial year (12 months), aligned to the company's accounting reference date of statements for annual company accounts.
AI extracts what you need
Our AI extracts Opening and closing bank balances, total income received, ca — formatted for amazon & fba sellers workflows.
Complete your annual company accounts work
Download Excel files ready for annual company accounts. Full year reconciled to the nominal ledger, with month-end balances matching bank reconciliation statements, ready for trial balance extraction
Supported Banks
BankScan AI works with all major UK and US banks, including:
Features for Amazon & FBA Sellers — Annual Company Accounts
- Built for Amazon & FBA Sellers — Saves 2-3 hours per disbursement cycle on Amazon settlement reconciliation, or 4-6 hours per month for a seller with $50,000+ monthly revenue
- Software compatible — Output works directly with QuickBooks, A2X, Seller Board
- Built for Annual Company Accounts — Convert your full year of bank statements to Excel for fast reconciliation, trial balance preparation, and Companies House filing.
- Key data extracted — Opening and closing bank balances, total income received, categorised expenditure, inter-company transfers, director loan account movements, dividend payments
Compliance: Amazon & FBA Sellers + Annual Company Accounts
When amazon & fba sellers prepare bank statements for annual company accounts, specific compliance requirements apply.
- Amazon sellers must comply with state sales tax nexus requirements, which vary by state and may require collection and remittance in dozens of jurisdictions. IRS 1099-K reporting applies to marketplace sellers. State income tax filing obligations may arise from economic nexus. Inventory-based businesses may need to file personal property tax returns in some states.
- Legal basis: Companies Act 2006 sections 394-397 (duty to prepare accounts) and sections 441-453 (filing requirements and penalties)
Annual Company Accounts — Built for Amazon & FBA Sellers
Accounts must be filed within 9 months of the accounting year-end for private companies; late filing penalties start at 150 GBP and escalate to 1,500 GBP
Try Free — Amazon & FBA Sellers + Annual Company Accounts