Running a business smoothly requires accurate financial tracking. Reconciling transactions processed through your payment gateway, like Global Payments, is crucial for achieving this. But manual reconciliation is time-consuming and prone to errors. This is where Cointab Reconciliation Software comes in.
Global Payments is a leading American fintech company offering comprehensive payment solutions for businesses of all sizes. They provide integrated payments, e-commerce support, and omnichannel options, enabling secure transactions through digital and contactless methods.
Cointab Reconciliation Software simplifies the process of reconciling your Global Payments transactions with your internal financial data. While manual reconciliation remains an option, automation becomes essential for handling large volumes of data efficiently.
Free up your finance team for more strategic tasks by automating tedious manual reconciliation processes.
Eliminate human error and ensure complete financial data integrity.
Cointab seamlessly integrates with Global Payments and your ERP system, streamlining reconciliation workflows.
Cointab simplifies reconciliation by providing clear insights into various Global Payments reports:
Track successful customer payments across different channels.
Easily identify and manage refunds processed by the payment gateway.
Reconcile website orders with corresponding payment gateway data.
Cointab integrates seamlessly with your existing ERP system, ensuring your itemized financial data aligns perfectly with your Global Payments transactions.
Cointab ensures your bank statements reflect the actual transactions received from the payment gateway.
Cointab confirms successful reconciliation between your website report and the Global Payments report for a seamless transaction flow.
We pinpoint discrepancies where the website report reflects a lower amount compared to the Global Payments report. This could indicate missing website orders or partial refunds not reflected on the website.
Our software flags situations where the website report shows a higher amount than the Global Payments report. This might signify website order duplication or incorrect pricing.
Cointab highlights transactions present in the Global Payments report but absent from your website report. These could be manual orders or external sales channels integrated with Global Payments.
Identify website order discrepancies quickly to prevent financial losses and ensure accurate record-keeping.
Automate website order reconciliation, freeing your finance team to focus on more strategic tasks.
Gain complete confidence in your financial data with accurate reconciliation.
Cointab confirms successful reconciliation between your website report and the Global Payments settlement report, streamlining your financial workflow.
We pinpoint discrepancies where the settlement report reflects a lower amount than the website report. This could indicate:
Identify uncaptured website sales not reflected in the settlement report.
Detect discrepancies if refunds processed on your website haven’t been reflected in the settlement report.
Our software flags situations where the settlement report shows a higher amount than the website report. This might signify:
Identify potential chargebacks initiated by customers that haven’t been reflected on the website.
Uncover website pricing errors causing discrepancies with the settlement report.
Cointab highlights transactions present in your website report but absent from the settlement report. These could be:
Identify website orders yet to be settled by Global Payments.
Detect potential errors within the payment gateway causing missing settlement records.
Cointab clearly distinguishes cancelled orders. These appear on the website report but are rightfully excluded from the Global Payments settlement report.
Cointab confirms successful reconciliation between your Global Payments report and your ERP system, streamlining your financial workflow.
We pinpoint discrepancies where the ERP report reflects a lower amount than the Global Payments report.
This could indicate:
Identify uncaptured sales transactions not recorded within your ERP system.
Detect discrepancies if incorrect pricing data is used in your ERP system.
Our software flags situations where the ERP report shows a higher amount than the Global Payments report.
This might signify:
Identify potential duplicate sales entries within your ERP system.
Uncover discrepancies between recorded sales in the ERP and actual payments received.
Cointab highlights transactions present in your Global Payments report but absent from your ERP system.
These could be:
Identify manually entered sales transactions not integrated with the payment gateway.
Detect potential errors within your ERP system causing missing transaction data.
Cointab confirms successful reconciliation between your ERP data and Global Payments reports, ensuring a smooth financial workflow.
Lower Settlement Amounts: We pinpoint discrepancies where the settlement report shows a lower amount than your ERP.
This could indicate:
Identify uncaptured sales transactions not recorded within your ERP.
Detect discrepancies if incorrect pricing data is used in your ERP system.
Our software flags situations where the settlement report shows a higher amount than the ERP.
This might signify:
Identify potential chargebacks initiated by customers that haven’t been reflected on the ERP.
Detect potential errors within the payment gateway causing inflated settlement amounts.
Cointab highlights transactions present in your ERP but absent from the settlement report. These could be:
Identify manually entered sales transactions not integrated with the payment gateway.
Detect potential errors within your ERP system causing missing transaction data.
Cointab clearly distinguishes cancelled orders. These appear on the ERP report but are rightfully excluded from the Global Payments settlement report.
Understanding where to find transaction details is crucial for accurate financial record-keeping. This guide clarifies which transactions appear on both bank statements and Global Payments settlement reports, and which are exclusive to the latter.
Easily locate common transactions like deposits, withdrawals, and debit card purchases on both your bank statement and Global Payments reports.
Specific details related to Global Payments processing, such as fees or network charges, might only be reflected in their settlement reports.
Reconciling your transactions with Global Payments settlement reports can be a breeze. This guide tackles common discrepancies you might encounter and offers a solution for a smoother process.
Great news! Your transactions match perfectly on both your bank statement and Global Payments reports.
This could be due to processing fees or network charges reflected in Global Payments reports but not on your bank statement.
Potential reasons include refunds processed by Global Payments or adjustments not yet reflected on your bank statement.
Transactions might be pending with Global Payments or categorized differently, causing a temporary mismatch.
For effortless reconciliation, consider Cointab, a user-friendly software.
Import data in your preferred format, adapting to your specific business needs.
Gain a clear overview of your reconciled transactions after the process.
Discrepancy Highlighting: Red flags instantly identify any discrepancies, saving you time and effort.
Stop wasting time on manual reconciliation. Get started with Cointab today and experience a streamlined process! By automating reconciliation with Cointab, you’ll gain valuable time and peace of mind, allowing you to focus on growing your business.