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Reconciliations
Payment Gateway (PG) Reconciliation involves the systematic process of matching and verifying financial transactions between payment gateways, such as online payment platforms, and a company’s accounting records. This meticulous procedure ensures that all transactions are accurately recorded, validated, and reconciled, reducing the risk of errors or discrepancies. PG Reconciliation contributes to accurate financial reporting, efficient cash flow management, and a seamless customer experience by confirming that payments are processed correctly. This practice is essential for businesses to maintain financial transparency, comply with regulations, and uphold trust with customers.
- Moving of reconciled data from provisional PG ledger to bank.
- Charges of different cards can be predefined in the system.
- Fixed charges can be added in PG charges as well.
Are you spending too much time on reconciling? Forget it, Travea can automate your reconciliation.
Auto Reconciliations is an automated process that efficiently matches and validates financial records, such as bank statements, invoices, and payments. This technology-driven approach significantly reduces manual effort and human errors by intelligently comparing data, identifying discrepancies, and making accurate reconciliations. Auto Reconciliations streamline financial reporting, enhance accuracy, and ensure timely updates to accounts. By automating this critical process, businesses can maintain real-time visibility into their financial status, improve operational efficiency, and allocate resources more strategically for informed decision-making.
- BSP Reconciluation – Automatically changing diffetences. Auto generation of ADM. Diffrences posting in a ledger, if any
- Bank Reconciliation- Bank statements in excel format can be uploaded for reconciliations. Auto matching as per configuratuons
