Ensuring accurate billing for high-volume Australia Post shipments can be a complex task. Cointab Reconciliation software simplifies this process by automating invoice verification and eliminating manual errors. Here’s how it streamlines your operations:
Australia Post (AusPost), a government-owned entity, has served Australians for over two centuries. However, manually tracking deliveries and associated fees for numerous orders can be cumbersome.
Cointab automates invoice verification, ensuring accuracy and saving you valuable time. It seamlessly compares various data points to identify potential discrepancies:
Internal data on orders and shipments.
Invoices issued by Australia Post.
Information on destination zones for accurate calculations.
Product information (weight, dimensions) for precise fee verification.
Official Australia Post fees based on weight and zone.
Cointab simplifies the process by utilizing these reports:
Defines origin and destination zones for accurate zone-based pricing.
Provides product weight and dimensions for calculating fees based on weight slabs.
Lists official Australia Post fees based on weight and zone for comparison.
Contains details like order ID, weight, zone, and charged amount.
Cointab leverages these reports to calculate expected weight, location, and rate. This allows for a data-driven comparison with the invoice, highlighting any discrepancies and potential overcharges.
Cointab Reconciliation software streamlines weight management for Australia Post invoice verification, ensuring accurate billing based on product dimensions. Here’s how it works:
Cointab references SKU codes in the ERP report to automatically retrieve product weight and dimensions from your internal database.
If the ERP report provides weight data, Cointab prioritizes this value for invoice verification.
When weight isn’t available in the ERP, Cointab calculates volumetric weight using the formula: Length (cm) x Width (cm) x Height (cm).
Cointab applies the divisor specified in the divisor card for volumetric weight calculations. If no divisor is present, a default value of 5,000 is used.
Calculated volumetric weight is reflected in both the ERP report and the invoice for seamless reconciliation.
Cointab rounds the final weight (actual or volumetric) to determine the appropriate weight slab for billing purposes.
Ensures accurate billing based on product dimensions, eliminating discrepancies and potential overpayments.
Streamlines the verification process by automating weight identification and volumetric weight calculations.
Saves time and resources by eliminating manual weight calculations.
Maintains consistent weight data across ERP reports and invoices for effortless reconciliation.
By leveraging Cointab’s weight management features, businesses can achieve efficient and accurate Australia Post in
Cointab Reconciliation software streamlines zone identification for accurate Australia Post invoice verification. Here’s how it simplifies the process:
Cointab automatically matches origin (sender) and destination (receiver) locations from the invoice.
Based on the location pairing, Cointab assigns the appropriate zone for each invoice. This zone is crucial for determining accurate shipping rates.
Cointab leverages its database to categorize locations into categories like “regional,” “international,” or “global,” with further sub-classifications (e.g., “a,” “b,” “c”). This comprehensive classification ensures precise zone determination.
Cointab Reconciliation software streamlines cost verification for Australia Post invoices by guaranteeing accurate rate application. Here’s how it safeguards your costs:
Cointab references the official Australia Post rate card, which specifies shipping charges based on product weight and zone. This ensures you’re billed according to the correct rate structure.
Cointab verifies that invoice charges align with the rate card for the product’s weight, preventing discrepancies due to weight fluctuations.
Cointab compares specific columns in the invoice with the rate card, including:
Ensures the appropriate courier service is charged for the shipment.
Verifies the zone classification aligns with the origin and destination locations.
fwd_wt_fixed: Confirms charges for exceeding the weight limit within a specific zone (applicable rates are clearly defined in the rate card).
Ensures the correct divisor is used when calculating volumetric weight for accurate rate determination.
Cointab considers delivery dates associated with certain rates, ensuring you’re charged the correct rate based on the applicable timeframe.
Cointab Reconciliation software simplifies Australia Post invoice verification by explaining key charge components:
Weight Slabs: The rate card defines weight limits for different “forward charge” slabs.
Fixed vs. Additional Weight:If the calculated weight falls within the slab limit (“fwd_wt_fixed”), the “fwd_fixed” fee applies based on the zone.
If the weight exceeds the limit, an additional charge (“fwd_add”) per extra kilogram applies based on the zone.
Expected Forward Charge Formula: Expected_fwd_chg = fwd_fixed + (extra_weight) x fwd_add
Weight Slabs: Similar to forward charges, the rate card defines weight limits for RTO slabs (“rto_wt_fixed”).
Fixed vs. Additional Weight:
If the calculated weight falls within the slab limit (“rto_wt_fixed”), the “rto_fixed” fee applies based on the zone.
If the weight exceeds the limit, an additional charge (“rto_add”) per extra kilogram applies based on the zone.
Expected RTO Charge Formula: Expected_rto_chg = rto_fixed + (extra_weight) x rto_add
Cointab calculates the final expected invoice amount by combining the expected forward charge, RTO charge, and any applicable GST percentage
Verifying invoices for numerous Australia Post shipments can be a complex task. Cointab Reconciliation software simplifies this process by automating data comparison and ensuring accurate billing based on product weight and zone. Here’s how it works:
Cointab seamlessly integrates with your existing systems to gather key data points:
Internal data on orders and shipments, including product weight.
Information on destination zones for precise calculations.
Official Australia Post fees based on weight and zone.
Cointab leverages these reports to calculate the expected invoice amount based on:
Extracted from the ERP report for accurate cost estimation.
Destination Zone: Identified using the Pincode report for zone-specific pricing.
Cointab then compares the calculated expected amount with the actual charges listed on the invoice provided by Australia Post. This comprehensive data comparison helps identify potential discrepancies and ensures accurate billing.
Cointab Reconciliation software streamlines order verification for Australia Post invoices, guaranteeing accurate billing and cost control. Here’s how it safeguards your business:
Matched Orders:
Cointab confirms that order entries listed on the Australia Post invoice are also present in your ERP report. This ensures data consistency and facilitates effortless weight verification based on your internal records.
Unmatched Orders:
Cointab flags any orders on the invoice that aren’t found in your ERP report. This discrepancy might indicate missing order information, potentially leading to inaccurate weight or cost calculations.
Minimizes the risk of errors by verifying order details against your ERP system.
Automates order verification, saving time and resources.
Identifies potential discrepancies for timely correction and cost control.
Maintains consistent order data across systems for effortless verification.
Cointab empowers businesses to achieve efficient and accurate Australia Post invoice verification, optimizing shipping costs and ensuring transparency.
Cointab Reconciliation software streamlines zone verification for Australia Post invoices, ensuring accurate billing based on correct location data. Here’s how it simplifies the process:
Cointab confirms that destination pincodes listed on the Australia Post invoice are also present in your Pincode Master data. This ensures accurate zone identification, crucial for calculating the correct shipping rates.
Unmatched Pincode Data:
Cointab flags any invoice entries where pincodes are missing from your Pincode Master. This discrepancy might indicate incorrect location data, potentially leading to inaccurate zone-based charges.
Cointab Reconciliation software empowers businesses to achieve accurate Australia Post invoice verification, ensuring optimal shipping costs. Here’s how it detects potential discrepancies:
Matched Weight & Zone:
Cointab verifies that invoice charges align with the rate card for the product’s weight and zone, ensuring accurate billing.
Cointab flags potential overcharges or undercharges based on mismatches between invoice data and expected charges:
Invoice charges exceed the expected rate for the product’s weight and zone, indicating a potential overpayment.
Invoice charges are lower than expected, potentially resulting in missed revenue for Australia Post.
Invoice zone and weight don’t match ERP data, potentially leading to over/undercharges.
Detailed Breakdown of
This discrepancy indicates a potential error in zone identification, leading to:
Invoice charged for a more expensive zone than the actual location.
Invoice charged for a less expensive zone than the actual location.
This discrepancy indicates a potential error in weight measurement, leading to:
Invoice charged for a higher weight than the actual weight.
Invoice charged for a lower weight than the actual weight.
This discrepancy suggests significant data inconsistencies, potentially leading to:
Invoice charged based on incorrect zone and weight information.
Invoice significantly undercharged due to combined data errors.
Cointab Reconciliation software streamlines the process, empowering you to:
Eliminate manual calculations and ensure accurate invoice verification with ease.
Effortlessly upload data in your preferred format for effortless reconciliation.
Gain a holistic view of miscalculations highlighted in red for swift correction, preventing overpayments.
Say Good-bye to time-consuming manual reconciliation and embrace automated efficiency.