Payment Reconciliation
Reconciliation is the unglamorous but vital task of making sure the money in your bank matches the sales in your records. Done well, it catches errors early and keeps your accounts honest.
This article explains why it is harder than it sounds and how we make it manageable.
Why It Is Tricky
Providers pay out in batches, deduct fees, and time payouts differently from when sales happened. So the amount in your bank rarely matches a single day's sales, which makes manual matching painful.
What Reconciliation Checks
- Every sale has a matching payout, eventually.
- Fees deducted match what was agreed.
- Refunds and chargebacks are accounted for.
- Nothing is missing or counted twice.
How We Help
We integrate provider payout reports with your accounting so matching is largely automatic, and we flag anything that does not line up for review.
If you need a hand with any of this, your Progressive Robot delivery team is ready to help. Raise a ticket from the Support area of your client portal or speak to your account manager and we will guide you through the next steps.