Skrill Payment Gateway Reconciliation

Businesses that use Skrill often need to reconcile website orders, Skrill settlement reports, refund files, ERP exports, and bank statements. Manual review in spreadsheets can become slow and difficult to audit, especially when transaction volumes rise or when fees, reversals, and timing differences need to be reviewed.

Cointab helps finance teams handle Skrill payment gateway reconciliation in a structured way. Users upload Side A and Side B data, map the required fields, run reconciliation, review matched and unmatched transactions, and download audit-ready Excel reports.

What Skrill payment gateway reconciliation covers

In a typical Skrill reconciliation workflow, Side A contains the business records you expect to be correct, while Side B contains the external Skrill data you need to verify against them.

Common Side A records include:

• Website or order reports
• ERP exports
• Internal sales files
• Ledger or receivables data

Common Side B records include:

• Skrill settlement reports
• Skrill refund or reversal reports
• Bank statements
• Payment reference files

This comparison helps finance teams identify whether a payment was received, whether the amount matches, whether a refund or cancellation explains the difference, and whether any transaction still needs review.

How Cointab supports Skrill reconciliation

Cointab is designed to make recurring reconciliation work easier to set up and reuse. A finance user can create a reconciliation once and run it again for later periods without rebuilding the workflow from scratch.

Upload and map your files

Cointab supports CSV, XLS, and XLSX files. For each primary report, users map the key fields needed for reconciliation, such as:

• Header row
• Date column
• Amount column
• Reference or identifier column

Identifiers can include order IDs, transaction IDs, payment references, settlement IDs, or other business-specific references.

Add supporting data when needed

Supporting files can be used to enrich the primary data before reconciliation. For Skrill-related workflows, this may include:

• Product or order metadata
• Fee or tax lookup files
• Marketplace mapping files
• Customer or vendor master data
• Reference files needed for VLOOKUP-style enrichment

Create derived columns

If a reconciliation needs a cleaned reference, normalized amount, or calculated field, users can create derived columns on either side. Cointab also supports AI-assisted formula creation so finance teams can describe what they want in plain language and generate an Excel-style formula.

Run reconciliation and review exceptions

Once the files are ready, Cointab runs structured matching logic across the data. The reconciliation engine can handle simple and complex comparisons, including one-to-one, one-to-many, many-to-one, and grouped matches.

After the run, users can review:

• Fully matched transactions
• Partially matched transactions
• Unmatched transactions
• Skipped records

If an item needs human review, users can also manually match transactions where the totals align and the business context is known.

Common Skrill reconciliation scenarios

Website orders vs Skrill settlement reports

This is one of the most common payment gateway reconciliation workflows. The internal order file is compared against the Skrill settlement file to identify:

• Orders that were paid and settled
• Orders where the amount differs
• Orders that appear in one file but not the other
• Orders cancelled before payment was completed

Skrill reports vs ERP data

Finance teams often need to reconcile gateway data against ERP exports or book entries. This helps confirm whether transaction values, booking dates, and reference numbers are aligned across systems.

Skrill reports vs bank statements

Bank reconciliation and payment reconciliation often overlap. Comparing Skrill settlements with bank records helps identify whether settled amounts were received as expected and whether there are timing gaps, deductions, or missing entries.

Refunds, reversals, and amount differences

Not every mismatch is an error. Some differences come from refunds, cancellations, deductions, or partial adjustments. Cointab separates these exceptions clearly so teams can focus on the items that need action.

What the reconciliation report shows

After the run, users see a report dashboard with summary totals and transaction-level detail. This makes it easier to review the status of each item and follow up on exceptions.

The report typically includes:

• Total summary
• Fully matched summary
• Partially matched summary
• Unmatched summary
• Skipped summary
• Filterable transaction tables
• Detailed matched views
• Downloadable Excel output

Fully matched

These are transactions where the relevant identifiers and amounts align according to the configured rules.

Partially matched

These are transactions that are related but do not fully agree on amount. They are useful for spotting short payments, extra fees, deductions, or other differences that need review.

Unmatched

These are records that appear on one side but not the other. They may indicate a missed file, a missing posting, a timing issue, or an exception that needs follow-up.

Skipped

Skipped records are excluded from reconciliation because they are incomplete, invalid, duplicated, or do not meet the configured file format.

Why finance teams use Cointab for Skrill reconciliation

Cointab is built to reduce repetitive manual work while keeping the workflow reviewable for finance teams.

Key advantages include:

• Reusable setup for recurring periods
• Structured matching instead of spreadsheet-heavy checks
• Clear exception handling for partial and unmatched items
• AI support for formulas and difficult open transactions
• Team workspace with shared access and audit visibility
• Dashboard history for future reference
• Scheduled reconciliation runs through automation
• Output delivery through email, SFTP, or API when configured

This makes it easier to manage monthly close, daily operations, and audit preparation without recreating the same reconciliation each time.

Reuse the same Skrill workflow for future periods

Once a Skrill reconciliation is configured, the same setup can be reused for future periods. Finance teams can simply select the reconciliation, choose the period, upload the required files, and run the workflow again.

If a report arrives late, the missed file can be uploaded under the same reconciliation and the report can be refreshed. That helps teams keep the reconciliation current when external files arrive out of sequence.

FAQs

What can be reconciled with Skrill reports?

Cointab can reconcile Skrill settlement and refund data against website orders, ERP exports, internal sales records, and bank statements. The same workflow can be adapted to different business processes where one side is the internal record and the other side is the external record.

Can I reconcile Skrill data with multiple source systems?

Yes. Cointab supports workflows where Skrill reports are compared against one or more internal files, such as website reports, ERP exports, or bank statements. Supporting files can also be added to enrich or prepare the data before reconciliation.

What happens if a Skrill file is missing?

If a required file was not uploaded, it can be added later under the same reconciliation. The report can then be refreshed so the comparison reflects the complete set of files.

Can Skrill reconciliation be automated?

Yes. After the workflow is configured, Cointab can support automated data input and scheduled reconciliation runs using email, SFTP, or API-based flows, depending on the setup and plan.