Understanding your statements

Understanding Your Invoices

💡 Overview

You receive two types of financial documents from Wolf & Badger:

Self-Billed Invoices
Fee Invoices

These are formal records of your monthly transactions, outlining the payments due to and from you.

📅 When You Receive Invoices

Invoices are issued around the 18th of each month, covering all relevant activity from the previous calendar month. For example:

An invoice issued on 18th February will include orders and returns processed between 1st and 31st January.

Payments (if applicable) are made on or before the 21st of each month.

You can view and download invoices in your dashboard under: Data & Reports → Payment Invoices

🌍 One Invoice Per Region

You will receive separate invoices for each Wolf & Badger legal entity that applies to your sales:

Entity	Covers
Wolf & Badger AU Pty Ltd	Online sales to Australian customers
Wolf & Badger NY LLC	In-store sales at the New York store
Wolf & Badger US Inc.	Online sales to US customers
Wolf & Badger EU Ltd	Online sales to EU customers
Wolf & Badger Ltd	Online sales to UK and Rest of World customers, and in-store sales at the London store
Wolf & Badger CA LLC	In-store sales at the Los Angeles store

📦 Self-Billed Invoice

The Self-Billed Invoice details all completed orders and the associated deductions:

Covers all regions
Includes: order sales, discounts, commission, transaction fees, and operations fees
Shows the Effective Price which is the order chargeable value less any sales, commission, transaction and operations fees

🧾 How It Works:

Wolf & Badger acts as an undisclosed agent - customers buy from us, not directly from you. We handle invoicing and collect VAT at the point of sale, which we remit to the authorities. You don’t need to account for this VAT separately.

Remember:

Orders are billed on shipped date
Returns are billed based on returned date

💸 Fee Structure:

Commission & transaction fees: % of the chargeable price
Operations fees (e.g., for shipping or store fulfilment): flat rate per order/item

💳 Fee Invoice

This is replacing the previous ‘Commission’ Invoice.

The main difference between the Commission and Fee Invoice is that the Fee Invoice is no longer the place for reporting any brand sales proceeds. This means that the Fee Invoice is now a standard invoice format, where positive values represent the fees that are owed to Wolf & Badger. Any negative values in the Fee Invoice represent amounts that are owed from Wolf & Badger to the brand.

The Fee Invoice includes:

Returns fees: shipping costs for customers returning items to you
Non-fulfilment fees: for declined orders
Recharged operations fees on returned items: to cover the initial outbound shipping cost, charged separately to the Self-Billed Invoice due to accounting rules

You’ll also see:

Brought forward and carried forward adjustments for returned items and their associated fees

🔄 Adjustments

If a return occurs between the end of the invoiced month and the invoice issue date (1st–17th), it will appear as:
- A carried forward adjustment in the current invoice

- A brought forward adjustment in your next invoice, to prevent duplicate deductions

💰 Final Payment Amount

You receive one consolidated payment per month, which equals:

Total sales – fees – adjustments – VAT (if applicable)

You can calculate your final consolidated monthly payment amount for each reporting entity from your dashboard by doing the below:

Self-billed Invoice Totals - Fee Invoice Totals = Payment Amount