To match the sales with the TikTok statement and payout data, follow these steps:
Run a Report in ConnectBooks:
Generate a report based on the Posted Date.
Filter to include orders only.
Compare Totals:
Note the gross sales total from the ConnectBooks report.
Download the statement report in TikTok for the relevant time frame.
Check the total in the column titled "Subtotal after seller discounts".
The gross sales total from ConnectBooks and the "Subtotal after seller discounts" from the statement report should match.
According to TikTok's documentation, to match your records with their 1099-K form, follow this formula:
Product Sales Price + Shipping Fees - Seller-Provided Discounts