Ensuring accurate billing for high-volume Canada Post shipments can be a complex task. Cointab Reconciliation software simplifies this process by automating invoice verification and eliminating manual errors.
Cointab streamlines the entire Canada Post invoice reconciliation process. It seamlessly integrates with your existing data and compares key reports to ensure accurate billing:
Cointab verifies invoice data against your internal Enterprise Resource Planning (ERP) system for consistency.
The software scrutinizes Canada Post invoices for any discrepancies.
Cointab utilizes pincode data to confirm accurate zone calculations for deliveries.
Product information (weight, dimensions) from SKU reports is used for precise fee verification.
Cointab compares invoice charges against official Canada Post rate cards to identify any overcharges.
Cointab Reconciliation software optimizes weight management for Canada Post invoice verification, ensuring accurate billing based on product dimensions. Here’s how it works:
Cointab leverages SKU data to identify product weight and dimensions automatically.
If the ERP report provides weight information, it takes precedence for invoice verification.
For products lacking weight data in the ERP, Cointab calculates volumetric weight using the formula: Length (cm) x Width (cm) x Height (cm).
The software 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 to determine the appropriate weight slab for billing purposes.
Cointab Reconciliation software optimizes zone verification for Canada Post invoices, ensuring accurate billing based on shipment locations. Here’s a breakdown:
A unique zone is assigned based on the combination of the shipment’s origin (pickup) and delivery locations.
Cointab automatically extracts origin and destination details from the invoice to determine the corresponding zone.
Canada Post utilizes a zone system categorized as regional, local, etc., each with specific identifiers (a, b, c).
Benefits of Cointab’s Zone Verification:
Ensures invoices reflect the appropriate zone for accurate shipping cost calculations.
Eliminates manual zone lookup, saving time and reducing errors.
Maintains consistent zone data across reports for seamless reconciliation.
Cointab streamlines invoice verification by automating zone identification, preventing errors and ensuring efficient processing of Canada Post invoices.
Cointab Reconciliation software empowers businesses to achieve accurate rate verification for Canada Post invoices. Here’s how it optimizes the process:
Cointab compares invoice charges against weight and zone data in the Canada Post rate card. As rates vary based on weight limits, the software ensures the applied rate aligns with the product’s weight category.
Cointab verifies specific invoice columns (“courier,” “zone,” “fwd_wt_fixed,” and “divisor”) against corresponding data in the rate card. This ensures accurate application of rates and identifies potential invoice discrepancies.
Cointab acknowledges that rate card pricing may be temporary and emphasizes the importance of delivery dates aligning with the quoted rates.
Cointab Reconciliation software simplifies the calculation of expected charges for Canada Post invoices, ensuring accurate billing. Here’s a breakdown of key concepts:
Weight Limits and Slabs:
The rate card specifies 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
RTO (Return to Origin) Charges:
Weight Limits and 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
Expected Final Amount:
Cointab calculates the final expected invoice amount by combining the expected forward charge, RTO charge, and any applicable tax percentage.
Benefits of Cointab’s Invoice Verification:
Automates complex forward and RTO charge calculations, saving time and resources.
Ensures accurate invoice charges based on weight limits and zone pricing.
Identifies potential discrepancies in invoice calculations for timely correction.
Minimizes the risk of overpayments by verifying charges against the rate card.
Cointab empowers businesses to achieve efficient and accurate Canada Post invoice verification, ensuring optimal shipping costs.
Managing Canada Post invoices efficiently can be challenging. Cointab Reconciliation software simplifies the process by automating invoice verification and eliminating discrepancies. Here’s how it works:
Cointab seamlessly integrates with your existing systems to gather key data points:
Internal data on orders and shipments.
Information on destination zones for accurate calculations.
Official Canada Post fees based on weight and zone.
Using the collected data, Cointab calculates the expected fee you should be charged based on Canada Post’s rate card.
Cointab then compares the expected fee with the amount charged on your Canada Post invoice.
The software generates comprehensive reports highlighting any discrepancies between the expected and actual charges.
Accurate order verification is crucial for efficient Canada Post invoice processing. Cointab Reconciliation software automates this process, identifying potential discrepancies:
Cointab confirms that order entries present in the Canada Post invoice are also found in your ERP reports, ensuring data consistency and facilitating smooth verification.
Cointab flags orders listed on the invoice but absent in your ERP reports. This discrepancy requires investigation to prevent potential billing errors.
Found in Pincode master
It is essential for the order entries to be present in the Pincode master as well as in the invoice provided by Canada Post in order to be verified, and in this case the order entries are present in both the records.
Not found in Pincode master
In order to get verified, the order entries should be present in the ERP report as well as Canada Post invoice, in this case the records can not be verified as the order entries are not present in the Pincode master.
Cointab Reconciliation software streamlines Canada Post invoice verification by guaranteeing accurate rate application. Here’s how it safeguards your costs:
Verified Rates: Cointab confirms that the services listed on the Canada Post invoice correspond with the rate card. This ensures you’re billed for the correct shipping options.
Cointab flags any services on the invoice that are not found in the rate card. This might indicate missing information or potential errors, prompting further investigation.
Benefits of Cointab’s Rate Verification:
Minimizes the risk of overpayments by ensuring accurate rate application based on the official rate card.
Streamlines verification by identifying potential discrepancies in service charges.
Flags potential rate mismatches for timely correction.
Provides clear insights into shipping costs based on the rate card.
Cointab empowers businesses to achieve efficient and accurate Canada Post invoice verification, optimizing shipping costs and ensuring transparency.
Cointab Reconciliation software empowers businesses to achieve accurate Canada Post invoice verification, ensuring optimal shipping costs. Here’s how it detects potential discrepancies:
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.
Undercharged:
Invoice charges are lower than expected, potentially resulting in missed revenue for Canada Post.
Invoice zone and weight don’t match ERP data, potentially leading to over/undercharges.
Minimizes the risk of overpayments by identifying discrepancies between invoice charges and expected rates.
Identifies potential undercharges on Canada Post invoices.
Streamlines verification by highlighting potential errors for timely correction.
Provides detailed reports for informed decision-making regarding shipping costs.
Cointab empowers businesses to achieve efficient and accurate Canada Post invoice verification, optimizing shipping costs and maximizing profitability.
By leveraging Cointab Reconciliation software, your business can achieve:
Automate the entire verification process, freeing up valuable resources and minimizing human error.
Identify potential overcharges and undercharges on Canada Post invoices, ensuring optimal shipping costs and maximized revenue.
Streamline verification by highlighting discrepancies for swift correction, leading to accurate billing and data integrity.
Gain valuable insights into Canada Post billing practices for informed decision-making regarding shipping strategies.
Utilize Cointab’s flagged discrepancies to raise strong, data-backed disputes with Canada Post when necessary.
Don’t settle for time-consuming manual invoice verification and potential billing errors. Choose Cointab for a smoother, more efficient Canada Post invoice processing experience.