Bank Account Statement Reconciliation
Reconcile all transactions made to the bank account by any of your vendors.
Processes Associated
Payment Gateway Reconciliation
COD Remittance Reconciliation
Accounting Software (ERP) Reconciliation
Marketplace Reconciliation
Food Commerce Sites Reconciliation
Reconcile Bank Account Transactions
It helps easily verify each transaction settled in the bank by any vendor/partner.
Reconcile with Payment Gateway
- Verify if the transactions made by the payment gateway partner are correctly settled in the bank account
- Determine the correct amount for settlement is paid
- Identify if any transactions are yet to be settled
- Verify the payment gateway transactions at UTR level in bank
Reconcile with COD Remittance Reports
- Determine if the amount paid by the COD partner is correct
- Verify all the COD transactions in bank
- Identify if any payments are still not settled
Reconcile with Accounting Software (ERP)
- Verify the Amount recorded in ERP is matching the amount in the Bank statement
- Verify the Amount in Bank is matching the amount in ERP
- Identify which transactions have not been recorded correctly
See Cointab's Bank Reconciliation Process In Action. Submit The Form To Schedule A Demo Now!
Reconcile with Marketplace
- Identify for which marketplace transactions the amount is recorded correctly in bank
- Verify the Amount in Bank is matching the amount recorded in the Marketplace report
- Determine the marketplace transactions for which payments are still not received
Reconcile with Food Commerce Sites
- Identify all the transactions settled by Zomato/Swiggy in bank
- Verify the Amount recorded in Zomato/Swiggy report matches with the amount recorded bank statement
- Identify the payments still to be paid by Zomato/Swiggy
Some Bank Account Transactions we have Reconciled
