Matching Transactions with Bank:
Found in Both:
These transactions appear in both your bank statement and the Adyen settlement report, indicating a successful match and confirmed receipt of funds.
Discrepancies in Amount:
Adyen Overages:
The Adyen settlement report shows a higher amount compared to the bank statement. This could be due to:
Fees charged by Adyen that aren’t reflected in the bank statement yet (look for separate debits).
Potential errors in the bank statement (missing deposit).
Bank Overages:
The bank statement reflects a higher amount than the Adyen settlement report. This might require investigation into reasons like:
Bank fees deducted from the deposit that aren’t shown in Adyen (look for separate charges).
Delayed reporting:
The transaction might be reflected earlier in the bank statement than in the Adyen report.
Missing Transactions:
Unidentified Bank Transactions:
Transactions appear in the bank statement but cannot be matched to any Adyen settlement report entry. This could be due to:
Incoming transfers from other sources.
Bank fees or refunds not associated with Adyen.
Unveiling the Truth Behind Your Transactions
Cointab simplifies reconciliation by automatically matching transactions across your Adyen settlement report, bank statements, website reports, ERP systems, and even return reports. This eliminates the tedious manual process and ensures all your financial data sings in perfect harmony.
Discrepancies? No Problem!
Cointab doesn’t just match transactions, it highlights any mismatches. This allows you to quickly identify discrepancies, like overpayments or underpayments reflected in the Adyen report compared to your bank statement. With clear insights, you can easily file claims with Adyen if necessary.
Optimize Your Resources, Maximize Efficiency
By automating reconciliation and pinpointing discrepancies, Cointab frees up your valuable time and resources. No more spending hours poring over spreadsheets. Instead, you can focus on what truly matters – growing your business.
In short, Cointab streamlines your reconciliation process, empowers informed decision-making, and allows you to optimize your resources for maximum efficiency.