No. 05Tool
LiveTemu VAT for UK sellers
Seller Spring Settled turns your Temu settlement reports into a VAT working paper, with a figure for each of the nine boxes on the UK VAT return. Temu doesn't connect directly to accounting software such as Xero, QuickBooks or Sage, so Settled takes one Temu export and turns it into the figures you need.
Included in Seller at £29 a month and Growth at £69 a month.
It prepares working papers for you or your accountant. It does not file your VAT return.
One Temu payments report in.Nine VAT box figures out.
01The problem
The problem with Temu settlement reports
The report
One long list that mixes sales, refunds, fees, shipping labels and incentives. Each line carries its own tax columns, and some lines are outside VAT altogether. Working out the VAT position for a quarter from that list by hand takes time and is easy to get wrong.
Settled sorts every line
- Sales and delivery go into the sales side of the return.
- Temu's service fees, advertising and return shipping labels go into the purchases side.
- Policy charges, which carry no VAT invoice, are kept out.
The guide to the Temu settlement report shows which column feeds which box.
02Three steps
How it works
- Download your settlement reports
From Temu Seller Center.
- Settled sorts every transaction to a VAT rate
It checks that the totals tie back to the report.
- Download a working paper for each month
Rolled up into your VAT quarter, for your accountant or bookkeeping software.
03What you get
What you get
A VAT working paper
For the period, built line by line from your report.
The nine box figures
From VAT due on sales in Box 1 to the value of purchases in Box 7.
Checks and notes
Checks that the journal ties back to the report's own total, and notes on anything Settled could not place with confidence.
Monthly and quarterly
A monthly working paper, rolled up into your VAT quarter.
Accounting packages
Settled makes import files for Xero, QuickBooks Online and Sage 50, and an entry sheet for FreeAgent. Sage Accounting is not covered yet. Direct connection is coming.
Checked before you file
- The totals tie back to the report.
- Every transaction resolved to a VAT rate.
- It shows the movement on your Temu balance.
04Your accounts
From Temu report to your books
Temu's own seller tools do not send your figures to accounting software. Settled builds the two documents your books need from the settlement report, so you import them and skip the retyping.
What goes into your books
A sales invoice to Temu marketplace and a bill from Temu's UK company. Each line carries its own VAT, so the VAT lands on the right lines in your accounts.
Direct connection Coming
Settled will send both documents to your accounting software for you, so there are no files to import. It is not switched on yet and we have not set a date. Until then, use the files above.
What you get today
| Your software | Today |
|---|---|
| Xero | Sales invoice and bill import files |
| QuickBooks Online | Invoice and bill import files |
| Sage 50 (desktop) | Audit trail import file |
| FreeAgent | Entry sheet with two documents to key in |
| Sage Accounting (online) | Nothing yet |
Plain notes
Settled does not file your VAT return. It is built for the standard VAT accounting method. If you use the Flat Rate Scheme or cash accounting, check with your accountant before you use the figures.
Xero, QuickBooks, Sage and FreeAgent are trademarks of their owners. Seller Spring is independent and not endorsed by them.
What Settled does not do
- It does not file your VAT return with HMRC. It produces the figures and the working paper.
- It does not replace your accountant. The treatment follows HMRC guidance as documented for Settled, and you should confirm your own position with your accountant.
- It is built for the standard VAT accounting method. Flat Rate Scheme and cash accounting sellers should check with their accountant before using the figures.
Who it is for
Settled suits UK sellers who file their own VAT and have grown past doing it in a spreadsheet, and bookkeepers who look after Temu sellers. The who it is for page covers how each type of seller uses the tools.
Price
£29/month
Settled is included in Seller at £29 a month, alongside listing tools. It is also included in Growth and Managed. Sign up free: 25 listing rows for 7 days, no card. Temu team link: 200 listing rows for 14 days, no card.
StartSign up free: 25 listing rows for 7 days, no card
More sales on Temu. Less work for you.
Put your Amazon, eBay or Shopify products in front of Temu shoppers and pick up extra sales on top of the channels you already sell on.
Sign up free: 25 listing rows for 7 days, no card. Temu team link: 200 listing rows for 14 days, no card. Then pick a plan: Seller £29, Growth £69, Scale £199 a month. Cancel any time.
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