Effortlessly Reconcile Flipkart Transactions with Cointab’s Automated System
Managing Flipkart marketplace transactions can be a complex task for sellers, especially when reconciling data between internal systems and Flipkart reports. Discrepancies can arise due to various factors, leading to wasted time and potential financial losses. Cointab offers an automated solution that streamlines the reconciliation process, empowering sellers to gain valuable insights and maximize profitability.
Effortlessly Reconcile Flipkart Transactions with Cointab’s Automated System
Understanding Flipkart Transaction Reconciliation:
Process Overview: Flipkart transaction reconciliation involves comparing data from your internal Order Management System (OMS) with various Flipkart reports, including:
Flipkart All Order Report:
Provides a comprehensive overview of all orders placed on Flipkart.
Flipkart Sales Report (Invoice):
Details order-level invoice amounts.
Flipkart Settlement Report:
Shows the final settled amount after accounting for deductions and fees.
Flipkart Returns Report:
Provides details on returned orders.
Data Discrepancies:
Differences can occur between Flipkart reports and your OMS data due to various reasons, such as order cancellations, returns, or data entry errors.
Revolutionizing Flipkart Reconciliation with Cointab:
OMS Vs Flipkart Reconciliation
Cointab simplifies Flipkart transaction reconciliation by offering an automated system that eliminates the need for manual data manipulation and analysis. Here’s how it works:
Seamless Data Integration: Effortlessly connects with your Flipkart seller account and retrieves all relevant reports.
Automated Data Comparison: Compares data from Flipkart reports (Sales, Settlement, Returns) with your OMS data, identifying any discrepancies.
Systematic Reporting: Presents reconciliation results in a clear and concise format, categorized by report comparison (e.g., Flipkart Sales Report vs. Increff OMS Report).
Detailed Order Classification: Classifies orders based on the nature of the discrepancy:
Flipkart Vs OMS Reconciliation.
Reconciled Orders: Orders where data in both Flipkart reports and your OMS matches.
- Less Settlement Recorded in OMS: Orders where the amount in your OMS is lower than the amount in the Flipkart Sales report. This could indicate missing sales data in your OMS or potential underpayment by Flipkart.
- More Settlement Recorded in OMS: Orders where the amount in your OMS is higher than the amount in the Flipkart Settlement report. This could be due to order cancellations or refunds not reflected in your OMS.
- Not Recorded in OMS: Orders present in the Flipkart reports but missing from your OMS data, potentially signifying order processing issues.
Cointab’s automated Flipkart transaction reconciliation system empowers sellers with the tools and insights needed to streamline financial management, maximize profitability, and make data-driven decisions for a thriving Flipkart business. By eliminating manual errors, saving valuable time, identifying discrepancies for improvement, and ensuring accurate settlements, Cointab unlocks a world of benefits that propel sellers toward Flipkart marketplace success. Sign up for Cointab today and unlock the power of automated reconciliation for effortless Flipkart transaction management.
