For those not yet familiar with ITunes Connect, the service allows members of Apple’s iOS Developer Program to upload and manage everything associated with applications that are both currently in review and available on the App Store.

Today, Apple has announced via a mailshot sent out to it’s developer base, that all financial reports and future payments made through iTunes Connect will now be presented in the company’s new ‘Payments and Financial Reports’ module.

Alongside the announcement the company also announced they have reduced the overall threshold on App Store monthly pay outs, meaning it is now easier for you, as developers, to receive your proceeds.

The new section, which requires members to login, can now be found here.

Full Details

Dear Arron,

We are excited to announce that all financial reports and future payments will be presented on iTunes Connect in the new Payments and Financial Reports module. This new module replaces the Financial Reports module and features new ways to view your financial information, including:

* A consolidated single monthly payment for all your proceeds worldwide, reducing bank fees and costs*.
* Clearer presentation of amounts earned, amounts owed, and a reconciliation between the reported sales and the amounts paid.
* A Dashboard view of financial information including last payment, amount owed, and latest monthly earnings.
* Rolling transaction history showing the cumulative balance of amounts earned, taxes, and payments by reporting currency.
* Graphical views of unit sales and payment trends.
* Consistent scheduling and timing of reports and payments each month.
* Improved messaging if your bank returns payments we’ve issued.

*This assumes you have a single bank account setup for all payments worldwide.

In addition, we’ve reduced the thresholds required for you to be paid, increasing the likelihood you’ll receive proceeds each month.

You can find more detail on all the new features and changes in the user guide, which is available within the new Payments and Financial Reports module, or visit the Frequently Asked Questions section of ITunes Connect for more information.

Best Regards,
The iTunes Connect Team