C O I N T A B

ANZ Worldline is a trusted payment provider in Europe offering better payment experiences across every industry. Its advanced payment solutions are helpful for instore and online transactions,

In managing the vast number of daily transactions handled by ANZ Worldline, it is essential to have a proper reconciliation system in order for the charges to be accurate and for the calculations to not have any errors.

Cointab Reconciliation’s solution optimizes this process, enhancing your finance team’s productivity. Our software can be tailored to suit your specific needs, automating data entry and cross-referencing ANZ Worldline invoices with bank statements, ERP reports, and other platform records. This approach enables swift identification of errors or overcharges, ensuring the precision of your financial records that would avoid potential losses.

Reports required for ANZ Worldline payment gateway charges verification:


ANZ Worldline payment report

The payment mode from which the payment has been made through ANZ Worldline payment gateway.


ANZ Worldline rate card

The fee, Percentage charged and rate charged come under this report.

Result


Fee correctly charged

The fee is calculated with the help of the rate card which denotes that here the fee is correctly charged as per the rate card in the settlement report.


Fee overcharged

The fee is charged more here compared to the calculated amount.


Fee undercharged

In this case, the fee is undercharged compared to the calculated amount.


Tax correctly charged

The tax amount calculated with the help of the rate card matches with the settlement report.


Tax overcharged

Here, the tax present in the payment report is charged more than the calculated amount.


Tax undercharged

In this case, the tax present in the payment report is charged less compared to the calculated amount.


Settlement amount match

The settlement amount is calculated when fee and tax is deducted from the total amount. The settlement amount calculated should match the settlement report, and in this case they match.

(settlement amount = total amount – fees – tax)


Settlement amount mismatch

The tax and fees are deducted from the total amount which gives us the settlement amount. The settlement amount calculated should match the settlement report, and in this case, they do not match.


Settled in bank reconciliation

These transactions are found in the bank statements as well as the ANZ Worldline settlement report.


Not settled in bank reconciliation

Transactions that are not settled in bank statements but are present in the settlement report.

Choose Cointab Reconciliation and be in control of your finances as it automates the entire reconciliation process for you and gives you a detailed overview of your data causing no discrepancies. Due to its automation, there is no need to do this process manually which leads to saving hours of manual work. Use Cointab Reconciliation to optimize your workflow, ensure precision, and elevate the charges verification process.
Why wait? Start your journey towards financial efficiency with Cointab Reconciliation today.

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