By more accurate we mean SKUify’s results will be closer to the actual returns sellers will see.

Firstly, personalize SKUify with some Company details. Whilst not mandatory to complete, adding a photo and company name will add a little personalization to the SKUify experience.

Go to Company, in Settings, and remember to click Update to save any details entered.

The details SKUify does require in order to deliver accurate results are in the Financial Settings tab.

One of the key inputs is the VAT status of the business. If it is not VAT-registered and is VAT-exempt for fees on Amazon then toggle this on. The VAT-related options will grey out to prevent incorrect data entries.

If not VAT registered, but not yet enrolled in the VAT exemption programs on Amazon, we’d recommend doing so as it will save money and a potential retrospective refund from Amazon.

Choose the Start date for the VAT status, which will often be the business start date, and click Update.

For VAT registered sellers, toggle this option to on and complete the corresponding details. The Registration Number is for reference only, but the start date will be important for SKUify’s results, especially if newly registered.

VAT-registered sellers will also have the Schemes section to complete. Select the relevant VAT scheme the business is enrolled in, the date it started and how frequently VAT reporting is done.

Click Update and SKUify will confirm the dates the VAT settings will impact results.

The ROI Method selected will also have a significant impact on results, though the choice here will be more personal to each user as it is an opportunity to control what costs and fees are taken into account by SKUify when calculating ROI and profit.

For most UK sellers Method 4 will provide the most complete results, giving effectively a “net” gross result. It includes the most costs and fees so will be closest to final P&L bottom line results.

Click Update to apply the chosen ROI calculation method.