Financial & Payment Reports
“Payments and Financial Reports” is the official basis for reconciling revenue and confirming arrivals. Understanding it lets you know where every dollar comes from and goes.
The Difference Between the Two Reports
| Aspect | Financial Reports | Payment Reports |
|---|---|---|
| Content | Sales detail records | Actual payout (settlement) details |
| Period | Per fiscal month | Per settlement batch |
| Answers | ”How much did I sell this month" | "How much did I receive in this batch” |
| Use | Reconciliation, accounting, revenue split | Confirming arrival, matching bank statements |
The two must “reconcile” to close the loop: revenue in financial reports, minus commission, refunds, and taxes, should match payment reports and bank arrivals. When they don’t, first check refunds and amounts below the minimum threshold.
Common Fields in Financial Reports
- App / IAP identifier: distinguishing product sales.
- Quantity and amount: units and amount per product.
- Region & currency: settlement in different currencies per region.
- Commission & net: net revenue after Apple commission.
- Refunds: negative adjustments in the period.
Payment Reports & Arrivals
- Payment reports are generated per settlement batch, containing the actual payout amount for that batch.
- Settlement cycle: Apple settles monthly, requires the minimum threshold, and payouts have an arrears period (usually initiated several days after month-end; follow Apple’s guidance).
- Arrival reconciliation: after the bank arrival notice, compare against the payment report amount; for multiple batches, note batch correspondence.
Finance & Compliance Tips
- Financial reports can serve as revenue proof for bookkeeping and tax filing.
- Tax treatment varies by country/region; consult a tax professional.
- Keep historical financial reports for audit and traceability.
Self-Check List
- Can find and download financial and payment reports
- Understands key fields (sales, commission, refunds, net)
- Reconciled financial reports, payment reports, and bank arrivals
- Understands the settlement cycle and minimum threshold
- Established a regular reconciliation habit (e.g. monthly)
FAQ
- Where do I download reports? App Store Connect → Payments and Financial Reports → select month/batch.
- Revenue in reports but not arrived? Check the minimum threshold, whether the batch has initiated payout, and bank info correctness.
- How do refunds appear? As negative adjustments in the current or later financial report — normal.
- How do I book foreign-currency revenue? Reports provide amounts in settlement currency; book at the actual exchange rate of arrival.