This Reconciliation Process is done using the client’s ERP Database
Occasionally there are disagreements over the item details between Myntra’s report and client’s ERP report. Given that these contradictions exist between the two reports. We compute all the data, confirm that it is the same between both the reports, and display the variations in the outcomes. For this, we cross-check all the data with the Myntra Marketplace reports and the client’s ERP reports.
The Reports needed are:
Myntra Seller Order Detail
Myntra Sales Revenue Report
Myntra PG Forward Settlement Report
Myntra PG Reversal Settlement Report
Myntra TCS reports
Myntra Non-Order Settlement Report
Reports from the client’s ERP (e.g., SAP, Tally, etc.).
Once the reports are taken and the reconciliation process is done the result is showcased in a very systematic format.
The System checks all the data recorded in the client’s ERP (ERP) and compares the data with the Myntra GST (Invoice) report. It then differentiates the orders and highlights them as follows:
Reconciled Orders:
These are those orders whose net sales in the GST reports match the net sales in the ERP reports.
Less Settlement recorded in ERP
The orders whose net sales in the ERP is less than the net sales in the Myntra GST report.
More Settlement recorded in ERP
The orders whose amount in the ERP is more than the amount in the Myntra GST report.
ERP – Myntra Reconciliation
The System checks all the data recorded in Myntra’s reports and compares the data with the client’s ERP. It then differentiates the orders and highlights them as follows:
Total Transactions
This shows the total number of transactions.
Total Myntra Ledger Entry
This shows the total Myntra entries in the ERP.
Found In Myntra
These are the orders that are recorded in the client’s ERP and the same are found in the Myntra Reports.
Not Found in Myntra
These are the orders that are recorded in the client’s ERP but not found in the Myntra Reports.