- To avoid Provisions for Missing Actuals, submit the actual amount for the returns in a timely manner through your Vendor Central Account by going to the “Orders” tab on the top menu and selecting “Returns” from the Drop Down Menu and authorise the returns and their actual quantities and values.
- This must be done timeously, that is, as soon as you have received a notification from Amazon of a return.
- Otherwise, check your Returns for Authorisations daily on your Vendor Central Account.
- Authorisations required will also normally appear under your “Required Actions” section on the Home Page of your Vendor Central Account or on your Financial Dashboard on Vendor Central under “Required Actions” for “Your Payables to Amazon” which is another page you should be checking regularly, if not daily, on Vendor Central.
- To avoid Provisions for Receivables, you can reduce your billing cycle with Amazon for your Agreement Deductions.
- To avoid defaulting on a massive payment to Amazon for your Agreements, you can reduce the cycle to a monthly one if you have a quarterly or annual agreement.
- Contact your Buyer or Vendor Manager to renegotiate the billing cycle for your standard Annual Agreements.
- Remember that the Provision for Receivables only occurs if you have a risk of a negative balance, that is, what you owe Amazon is more than what Amazon owes you. Be sure to avoid this situation.