Swiggy Reconciliation
Financial Accuracy for Restaurant Partners
Partnering with Swiggy opens doors to increased orders and revenue, but managing financial reconciliation can be challenging. Restaurants and cloud kitchens must track sales, commissions, delivery charges, discounts, refunds, chargebacks, and payouts while ensuring accurate financial records. The complexity of Swiggy’s fee structure and high transaction volume makes manual reconciliation time-consuming and prone to errors. Cointab’s automated reconciliation solution helps Swiggy partners simplify financial tracking, eliminate errors, and gain complete financial transparency.
Challenges of Swiggy Reconciliation
Swiggy presents specific reconciliation challenges
High Volume of Transactions
Restaurants receive hundreds of orders daily, with different pricing, discounts, and taxes. Manually reconciling each order with the final payout is tedious and increases the risk of missing revenue discrepancies.
Promotional Discounts and Adjustments
Swiggy often runs platform-wide discounts, offers, and cashback programs that impact restaurant earnings. Ensuring that these promotional costs are correctly deducted and not overcharged is a significant reconciliation challenge.
Returns, Refunds, and Chargebacks
Swiggy processes customer refunds and cancellations instantly, often deducting amounts from restaurant payouts. Tracking whether these deductions align with actual cancellations and justified refunds is crucial to avoid unnecessary revenue loss.
Complex Commission and Fee Structures
Swiggy deducts various fees, including platform commission, delivery charges, packaging fees, and promotional costs. These charges vary based on location, order value, and promotional agreements, making manual reconciliation prone to miscalculations and revenue leakage.
Payout Timing and Settlement Delays
Swiggy follows a scheduled payout cycle, meaning orders fulfilled today may be paid out days later. Managing cash flow and ensuring all expected payments are received can be difficult without a structured reconciliation process.
How Cointab Simplifies Swiggy Reconciliation
Cointab’s automated reconciliation software streamlines Swiggy financial management by eliminating manual errors and improving efficiency:
Seamless Integration
Cointab integrates directly with Swiggy Partner Portal, automatically importing transaction data.
Refund and Return Management
Track and reconcile order cancellations, refunds, and chargebacks to prevent revenue loss.
Payout Reconciliation
Compare Swiggy payouts with expected revenue and detect any discrepancies.
Automated Fee Reconciliation
Reconcile Swiggy’s commission structure, delivery fees, and promotional deductions.
Comprehensive Reporting
Generate detailed reports providing an accurate snapshot of sales, fees, and payouts.
How Cointab Automates Swiggy Reconciliation
Automated Fee and Payout Matching
Every commission, delivery charge, packaging fee, and promotional deduction is reconciled against order data, ensuring accurate financial reporting.
Direct Integration with Swiggy Seller Portal
Cointab seamlessly connects with Swiggy’s Partner Portal, automatically fetching order data, fees, refunds, and payout details—eliminating manual tracking.
Return and Exchange Tracking
Cointab verifies refund claims and chargebacks, ensuring restaurants are not unfairly charged for customer disputes.
Detailed Financial Reports for Business Insights
Cointab generates consolidated reports, offering a transparent overview of revenue, deductions, and net earnings—empowering restaurants with data-driven decision-making.
Payout Discrepancy Detection
The system tracks expected vs. received payouts, flagging missing or incorrect payments, helping restaurants maintain cash flow accuracy.
Key Stats on the Importance of Automated Reconciliation
72% of restaurants report discrepancies in payout calculations due to unclear deductions
68% of businesses face financial losses due to manual reconciliation errors
Automating reconciliation reduces time spent on financial tracking by 60%, improving efficiency and accuracy
Conclusion
Financial reconciliation is essential for Swiggy restaurant partners to maintain profitability, detect discrepancies, and ensure accurate payouts. Manual tracking is time-consuming and prone to errors, leading to revenue losses and operational inefficiencies. By automating reconciliation with Cointab, restaurants can ensure financial accuracy, save time, and focus on growing their business. Enhance your Swiggy reconciliation process with Cointab and gain full control over your financial data.
