This Reconciliation Process is done using the client’s Internal Database
At times there are disputes about item details between the reports from Flipkart and the client’s reports. Since these discrepancies appear between these two reports. We also calculate all the data and verify the same with the Final reports and show the differences between the results.
The Reports needed are:
- Flipkart All Order Report
- Flipkart Sales Report
- Flipkart Settlement Report
- Flipkart Returns Report
- Reports from the client’s order management system. (e.g., Increff, Unicommerce, Shopify, etc.).
Once the reports are taken and the reconciliation process is done the result is showcased in a very systematic format.
The Result will be as follows:
Flipkart Sales Report vs Increff Order Management System Report
The System checks all the data recorded in the client’s order management system (OMS) and compares the data with the Flipkart Sales (Invoice) report. It then differentiates the orders and highlights them as follows:
- Reconciled Orders:
- These are those orders whose amounts match.
- Less Settlement recorded in OMS
- The orders whose amount in the OMS is less than the amount in the Flipkart Sales report.
- More Settlement recorded in OMS
- The orders whose amount in the OMS is more than the amount in the Flipkart Sales report.
- Not Recorded in OMS
- The Orders which are present in the Flipkart Sales report but not reported in the OMS.
Flipkart Settlement Report vs Increff Order Management System Report
The System checks all the data recorded in the client’s order management system (OMS) and compares the data with the Flipkart Settlement report. It then differentiates the orders and highlights them as follows:
- Reconciled Orders:
- These are those orders whose amounts match.
- Less Settlement recorded in OMS
- The orders whose amount in the OMS is less than the amount in the Flipkart Settlement report.
- More Settlement recorded in OMS
- The orders whose amount in the OMS is more than the amount in the Flipkart Settlement report.
- Not Recorded in OMS
- The Orders which are present in the Flipkart Settlement report but not reported in the OMS.
Thus, the system designed by Cointab helps sellers get accurate information about the transactions and charges. It also shows how and where differences appear between their internal reports and Flipkart reports. The system makes the data reconciliation process very easy. From uploading data to reading results everything is made easy and simple.
