Reconciling App Store & Google Play Net Proceeds with Bank Settlements
The financial statements provided by mobile app storefronts are notoriously complex. Apple distributes monthly financial reports with hundreds of thousands of individual lines containing negative settlement amounts, foreign exchange adjustments, and country-specific tax withholdings.
Neuron Spire Core conducts rigorous financial reconciliations that map raw store receipts directly to corporate bank account deposits, highlighting fee tier mismatches, foreign exchange slippage, and uncollected taxes.
Scope of the Reconciliation
- Commission Tier Audit: Verifying that your applications are correctly billed at the 15% rate under Apple’s App Store Small Business Program or Google’s 15% tiered commission, and that year-2 subscriber renewals properly transition from 30% to 15%.
- Digital Services Tax & Withholding Analysis: Auditing local statutory tax withholdings across 40+ international jurisdictions (including European VAT, Australian GST, Japanese Consumption Tax, and Indian Equalization Levies) to identify discrepancies with your corporate accounting ledger.
- Refund & Chargeback Attribution: Mapping customer refunds granted by Apple Customer Support back to the original purchase date and acquisition campaign.
- Foreign Exchange Conversion Spread: Measuring the effective exchange rate applied by storefront payment processors against mid-market FX rates to quantify cross-border transaction costs.
What You Receive
- A comprehensive Proceeds Reconciliation Ledger matching monthly storefront earnings to bank statement deposits.
- An itemized Discrepancy Summary detailing misallocated commissions, unrecorded tax withholdings, and refund drag.
- Clear accounting journal entry guidance for your internal bookkeeping or external auditing firm.