Settlement Statement: Fill & Download for Free

Following is my FFS (Full and Final Settlement) Statement, when I left TCS back in 2013. You can see the components which got encashed:

Walmart has reached a special place in the retail universe. Here is how it works: a manufacturer sells a product to Walmart. As a part of the sales agreement, the seller of the goods agrees to:have the product available at several regional locationsallow Walmart to arrange for the pick up either on a Walmart truck or a third party contracted to Walmart.Seller pays for the freight within a week of the pick up dates,the seller is required to provide a specific pallet , which Walmart just happens to sell, should you want to buy them…Walmart then turns the product through their warehouses as fast as they can, often hours between the warehouse and the sales floor.The seller guarantees a certain volume in a set period of time. If that volume is not achieved, the selling price drops to a negotiated second tier price to attempt to reach the agreed to volume.The seller agrees to fund all product returns at Walmart’s full retail cost, without retrieving the goods. Walmart sells store returns by class by weight.Walmart only pays for The goods after they have sold at retail. The seller purchases the daily scan data to verify volume, returns to determine the final invoice amount.Seller agrees to accept payment from Walmart only on net good sales, minus returns.seller pays Walmart for freight from their business to the Walmart distribution center.Seller agrees to, at their cost, purchase scan data to track sales and supply replenishment stock without any intervention from Walmart staff, and further agree to “ out of stock” standards based on sales volume. There is a one year run in period available for a fee for stock replenishment with zero out of stock penalty. So, Walmart doesn’t order products. They supply scan data that reports sales and standing stock, but a vendor has to pay for that information.Walmart automatically submits a settlement statement and electronic payment to the seller every thirty days for the previous 30 day selling cycle. So May is paid in July.In many cases, the seller also pays Walmart for premium display locations as well. All sellers pay to be in the sales flyers, and periodically contribute to a promotions fund.So. Walmart has zero investment in a large percentage of the goods sold in their stores.For the things they pay for on trade terms, like soft drinks, alcohol , and other guaranteed sales or product is removed or replaced DSD items, DSD vendors pay into a promotions fund that about equals Walmarts floor stock investment.It’s-a little like a consignment business. The seller assumes all the risk. Walmart, as the seller, doesn’t have to earn a return on cash tied up in goods to offer for sale. This vastly lowers their selling cost. They entice product suppliers precisely because they do not mark up goods to cover the return on investment for funds tied up in inventory , labor for stock taking and ordering, and other inventory maintenance costs.There is a saying among Walmart merchants” when a new store opens, we are starting with enough cash in hand from promotional fees to cover payroll for a month”

The property will not change hands until the tax lien is satisfied. The amounts will be in the HUD-1 Settlement Statement: HUD-1 Settlement StatementSee handling liens here: HUD.gov