Contra COGS

Contra COGS involves the proper accounting of digital invoices where vendors pay Amazon Media EU Sarl. Digital vendors, excluding those dealing with digital video, must update their payable ledgers to reflect the designated Contra COGS bank account. Payments should accurately reference invoice numbers in the bank remittance field to avoid discrepancies. Updated bank details for Contra COGS have been in effect since May 1, 2022, ensuring precise financial transactions and compliance. Proper application guarantees smooth and error-free payment processing. The relevant account details include specific SWIFT/BIC and IBAN numbers for transactions undertaken on Amazon’s behalf in Germany.