Sellers that operate in more than one marketplace will notice that Ecominate always lists settlements in the currency of the marketplace in which the transactions took place. This means that settlements from the EU marketplaces will be denominated in the Euro (€) but settlements from the UK marketplace will be denominated in GBP (£). Amazon does allow sellers the option to automatically convert settlements to a preferred currency. However, if that option is not enabled then by default Xero will not recognize that a £10,000 payment from Amazon.co.uk should actually be matched with a bank statement of $13,000 inside Xero.
Let's walk through an example where an American based seller sells on Amazon.ca (Canada) and has the following settlement: