Effortless Reconciliation for Your Helcim Payment Gateway
Managing a business in Canada or the US often involves accepting online payments. Helcim, a trusted payment gateway provider, simplifies transactions for businesses of all sizes. But with a high volume of transactions, ensuring accurate reconciliation becomes paramount.
Cointab Reconciliation: Your Automated Solution
Manual reconciliation can be a tedious and error-prone process. Cointab Reconciliation offers a customized solution to streamline your Helcim reconciliation. Our adaptable software automates data entry, comparing bank accounts, ERP reports, and website reports with your Helcim invoices.
Benefits of Automated Reconciliation:
Reduced Errors:
Eliminate human error and ensure accurate financial data.
Saved Time: Free up your team to focus on core business activities.
Improved Cash Flow:
Identify discrepancies and prevent overpayments.
Enhanced Insights:
Gain valuable insights into your payment processing fees.
Result
This section details how Cointab Reconciliation helps identify discrepancies in your Helcim payment processing fees and taxes.
Fee Verification:
Fee Correctly Charged:
This occurs when the fee calculated using the Helcim rate card matches the amount shown in the settlement report.
Fee Overcharged:
This signifies an error where the fee on the settlement report is higher than the calculated amount using the rate card. Cointab Reconciliation flags such discrepancies for investigation.
Fee Undercharged:
This indicates a missed fee where the settlement report shows a lower fee than what the rate card dictates. Cointab Reconciliation helps you identify these missed charges.
Tax Verification:
Tax Correctly Charged:
This occurs when the tax amount calculated using the Helcim rate card matches the tax amount shown in the settlement report.
Tax Overcharged:
This signifies an error where the tax on the settlement report is higher than the calculated amount using the rate card. Cointab Reconciliation helps identify these discrepancies.
Tax Undercharged:
This indicates a missed tax where the settlement report shows a lower tax amount than what the rate card dictates. Cointab Reconciliation helps you identify these missed taxes.
Settlement Amount Matching:
Settlement Amount Match:
This occurs when the settlement amount (total amount minus fees and taxes) calculated by Cointab Reconciliation matches the settlement amount shown in the Helcim report.
Settlement Amount Mismatch:
This signifies a discrepancy where the calculated settlement amount differs from the amount shown in the Helcim report. Cointab Reconciliation flags such mismatches for further investigation.
In essence, Cointab Reconciliation streamlines the entire process by automating the verification of fees, taxes, and settlement amounts against your Helcim reports. This eliminates manual calculations and potential errors, delivering accurate and reliable financial data. By optimizing your workflow and ensuring precision, Cointab Reconciliation simplifies charge verification and paves the way for greater financial efficiency. Don’t wait – embark on your journey towards financial clarity with Cointab Reconciliation today!
Step into the future of reconciliation. Fill out the form to request your demo now!
