Fondy Payment Gateway Charges Verification with Cointab

Finance teams that process payments through Fondy often need a reliable way to verify charges, confirm fees and taxes, and ensure settlement amounts align with internal records. Cointab provides a structured reconciliation workflow for comparing your internal sales or ledger data against Fondy reports, so your team can review matched items, investigate differences, and export audit-ready results.

What Fondy charges verification covers

Fondy reconciliation is not limited to a single report check. In practice, finance teams usually need to compare several records across systems:

• Internal sales, order, or ledger data on Side A
• Fondy payment reports on Side B
• Fondy rate card or fee reference data
• Settlement reports and payout details
• Bank statements for settlement confirmation

This helps teams verify whether:

• the right fee was charged for each transaction
• tax amounts were recorded correctly
• settlement values match the expected payout
• settlement references or UTRs appear in the bank statement
• any deductions, refunds, or differences need follow-up

How Cointab handles payment gateway reconciliation

Cointab uses a Side A and Side B model that works well for payment gateway charge verification.

Side A: your internal records

Side A typically includes the records your business expects to be correct, such as:

• sales reports
• order data
• ERP exports
• books or ledger entries
• internal payment working files

Side B: Fondy and other external records

Side B contains the files received from Fondy or related external systems, such as:

• Fondy payment report
• settlement report
• fee or rate card file
• bank statement

Users upload the files, map the required fields, and run reconciliation. Cointab then compares transaction identifiers, amounts, and supporting details using structured matching logic.

Fields finance teams usually map

For a payment gateway charge verification workflow, teams commonly map:

• transaction date
• order ID or reference number
• payment reference or transaction ID
• amount
• fee amount
• tax amount
• settlement ID
• bank UTR, where available

If supporting data is needed, Cointab can also use lookup or enrichment files to add missing context before reconciliation starts.

Common discrepancy checks in Fondy reconciliation

Once the files are processed, Cointab helps finance teams identify different kinds of outcomes:

• Fully matched: transaction, fee, tax, and settlement data align as expected
• Partially matched: identifiers match, but amount differences still need review
• Unmatched: the transaction appears on one side but not the other
• Skipped: the record was excluded because required data was missing or invalid

For payment gateway charge verification, this is especially useful when checking for:

• fee overcharges
• fee undercharges
• tax mismatches
• settlement amount differences
• missing settlement references
• bank receipt mismatches
• late or missing reports

Why structured matching is better than spreadsheets

Many finance teams still verify gateway charges in Excel using formulas, filters, and repeated file comparisons. That approach can work for small files, but it becomes difficult to manage when data grows or when the same reconciliation must be repeated every period.

Cointab replaces repeated spreadsheet work with a reusable workflow that helps teams:

• apply the same matching logic every time
• review only the exceptions that need attention
• keep skipped rows visible instead of hiding them
• maintain an auditable trail of matched and unmatched items
• reuse the setup for later periods without rebuilding it

AI support for open items and formulas

Cointab also supports AI-assisted workflows where deterministic rules are not enough.

AI can help with:

• creating derived columns from natural-language instructions
• simplifying transaction references
• analyzing open items
• suggesting possible reasons for a mismatch
• identifying whether a missing file or a deduction may explain the difference

AI remains reviewable and conservative. If evidence is not strong enough, the item stays unmatched rather than being forced into a weak match.

Reconciliation outputs your team can review

After the run completes, Cointab provides a report dashboard where users can inspect results by status, filter transactions, and download Excel output for internal review or audit follow-up.

Typical outputs include:

• summary totals
• fully matched records
• partially matched records
• unmatched records
• skipped records
• transaction-level detail
• manual match review where needed

This gives finance teams a clear view of what matched, what did not match, and what needs action.

Reuse for recurring Fondy workflows

Fondy charge verification is usually a recurring finance task. Once a reconciliation is configured, the same setup can be reused for future periods with new files and the same logic.

Cointab also supports automated data flow through email, SFTP, or API where configured, so finance teams can reduce manual uploads for recurring workflows. That makes the process more suitable for daily, weekly, or monthly reconciliation instead of only one-off checks.

When this use case is most useful

This workflow is a strong fit when your team needs to verify:

• payment gateway charges against a rate card
• settlement values against internal sales or order data
• tax amounts on payment transactions
• bank receipt of Fondy settlements
• recurring payment gateway discrepancies across reporting periods

FAQ

How does Cointab verify Fondy payment gateway charges?

Cointab compares your internal records on Side A with Fondy reports and related files on Side B. Finance teams can map transaction identifiers, amounts, fees, taxes, and settlement fields, then review matched and unmatched results in a structured report.

What files can be used for Fondy reconciliation?

Common files include internal sales or ledger data, Fondy payment reports, settlement reports, rate cards, and bank statements. CSV, XLS, and XLSX files can be used when they match the configured format.

Can Cointab show fee and tax mismatches?

Yes. The reconciliation report can surface fee differences, tax mismatches, settlement value differences, and other exceptions so finance teams can investigate the root cause.

Can the same setup be reused for future periods?

Yes. Once the reconciliation is configured, the same workflow can be reused for later periods without rebuilding the logic each time. It can also support recurring automation where configured.