Paysafe is a trusted payment gateway method that offers seamless, safe and secure online payment solutions to businesses. It lets you make easy transactions all over the world with just one tap.
Tracking financial transactions and fees manually can be time-consuming and complex, but it’s essential to maintain the accuracy of Paysafe charges and avoid potential financial losses. To ensure the precision of your Paysafe transactions, trust in Cointab Reconciliation.
Streamlining the verification of Paysafe transactions is vital to prevent financial discrepancies. Cointab Reconciliation offers a comprehensive solution for verifying Paysafe transactions, customizing the software to meet your specific needs. It automates data entry and cross-references ERP reports, website reports, and bank statements with Paysafe invoices, making it easier to identify and rectify any overcharges, thereby safeguarding your financial records against potential losses.
Settlement reports include the orders that are placed and for which the payment has been done.
Paysafe refund reports:
Orders that were canceled or refunded due to some reason come under the refund reports.
Website report:
Orders placed through the website come under the website report.
ERP Report:
Internal reports a company keeps regarding the orders are included in the ERP reports.
Bank statement:
Payments done by Paysafe are shown in the bank statement.
Tracking financial transactions and fees manually can be time-consuming and complex, but it’s essential to maintain the accuracy of Paysafe charges and avoid potential financial losses. To ensure the precision of your Paysafe transactions, trust in Cointab Reconciliation.
Streamlining the verification of Paysafe transactions is vital to prevent financial discrepancies. Cointab Reconciliation offers a comprehensive solution for verifying Paysafe transactions, customizing the software to meet your specific needs. It automates data entry and cross-references ERP reports, website reports, and bank statements with Paysafe invoices, making it easier to identify and rectify any overcharges, thereby safeguarding your financial records against potential losses.
Paysafe Payment gateway reconciliation results:
Paysafe settlement reports:Settlement reports include the orders that are placed and for which the payment has been done.
Paysafe refund reports:
Orders that were canceled or refunded due to some reason come under the refund reports.
Website report:
Orders placed through the website come under the website report.
ERP Report:
Internal reports a company keeps regarding the orders are included in the ERP reports.
Bank statement:
Payments done by Paysafe are shown in the bank statement.
Paysafe with website reconciliation
Found and reconciled with the website report:
The transactions that are present in the settlement report are also found and reconciled with the website report.
More amount recorded in the website report:
After comparing the settlement report and the website report, it is denoted that more amount is recorded in the website report.
Less amount recorded in website report:
Less amount is recorded in the website report in comparison to the settlement report.
Not found in website report
Transactions present in the settlement report are not found in the website report.
The transactions that are present in the settlement report are also found and reconciled with the website report.
More amount recorded in the website report:
After comparing the settlement report and the website report, it is denoted that more amount is recorded in the website report.
Less amount recorded in website report:
Less amount is recorded in the website report in comparison to the settlement report.
Not found in website report
Transactions present in the settlement report are not found in the website report.
Website with Paysafe reconciliation:
Found and reconciled with Paysafe settlement report
Transactions present in the settlement report are also found and reconciled with the website reports
Less amount received in Paysafe settlement report
In this case, the transaction amount in the settlement report is less than the amount present in the website report.
More amount received in Paysafe settlement report
The transaction amount in the settlement report is more than the amount present in the website report.
Canceled transactions
The transactions are present in the website report but not in the settlement report as they were canceled from the customers end.
Transactions present in the settlement report are also found and reconciled with the website reports
Less amount received in Paysafe settlement report
In this case, the transaction amount in the settlement report is less than the amount present in the website report.
More amount received in Paysafe settlement report
The transaction amount in the settlement report is more than the amount present in the website report.
Canceled transactions
The transactions are present in the website report but not in the settlement report as they were canceled from the customers end.
Paysafe reconciliation with ERP
Found and reconciled with ERP report
The transactions are found and reconciled in both settlement reports as well as the ERP report.
More amount recorded in the ERP report
The amount recorded in the ERP reports is more than the amount present in the settlement report.
Less amount recorded in the ERP report
In this case, the amount recorded in the ERP report is less than the amount present in the settlement report.
Not found in ERP report
Here, the transactions are recorded only in the settlement report but not in the ERP report.
The transactions are found and reconciled in both settlement reports as well as the ERP report.
More amount recorded in the ERP report
The amount recorded in the ERP reports is more than the amount present in the settlement report.
Less amount recorded in the ERP report
In this case, the amount recorded in the ERP report is less than the amount present in the settlement report.
Not found in ERP report
Here, the transactions are recorded only in the settlement report but not in the ERP report.
ERP report with Paysafe reconciliation
Found and reconciled with Paysafe settlement report
Transactions are found and reconciled in the settlement report as well as the ERP report
Less amount received from Paysafe settlement report
In this case, the amount present in the settlement report is less than the amount present in the ERP report.
More amount received from Paysafe settlement report
Here, the amount present in the settlement report is more compared to the amount present in the ERP report.
Not Found in Paysafe settlement report
The transactions are not found in the settlement report and are recorded only in the ERP report.
Canceled Transactions
These transactions are found only in the ERP report and not in the settlement report since the transactions were canceled.
Transactions are found and reconciled in the settlement report as well as the ERP report
Less amount received from Paysafe settlement report
In this case, the amount present in the settlement report is less than the amount present in the ERP report.
More amount received from Paysafe settlement report
Here, the amount present in the settlement report is more compared to the amount present in the ERP report.
Not Found in Paysafe settlement report
The transactions are not found in the settlement report and are recorded only in the ERP report.
Canceled Transactions
These transactions are found only in the ERP report and not in the settlement report since the transactions were canceled.
Paysafe with Bank reconciliation
Settled in bank account
Transactions are present in the bank account as well as the settlement report.
Not settled in bank account
These transactions are present in the settlement report but not present in the bank account.
Transactions are present in the bank account as well as the settlement report.
Not settled in bank account
These transactions are present in the settlement report but not present in the bank account.
Bank reconciliation with Paysafe
Found and reconciled Paysafe transactions
The transactions present in the settlement report are also found and reconciled in the bank statement.
More amount recorded in Paysafe
In this case, the transactions present in the settlement report are recorded more than the amount present in the bank statement.
Less Amount recorded in Paysafe
The amount present in the settlement report is less than the amount present in the bank statement.
Not Found in Paysafe
Transactions that are found only in the bank statement and not in the settlement report are denoted here.
Cointab Reconciliation automates this entire process, simplifying the reconciliation of these reports and helping you make data-driven decisions tailored to your needs. Start streamlining your financial processes efficiently with Cointab Reconciliation today.
The transactions present in the settlement report are also found and reconciled in the bank statement.
More amount recorded in Paysafe
In this case, the transactions present in the settlement report are recorded more than the amount present in the bank statement.
Less Amount recorded in Paysafe
The amount present in the settlement report is less than the amount present in the bank statement.
Not Found in Paysafe
Transactions that are found only in the bank statement and not in the settlement report are denoted here.
Cointab Reconciliation automates this entire process, simplifying the reconciliation of these reports and helping you make data-driven decisions tailored to your needs. Start streamlining your financial processes efficiently with Cointab Reconciliation today.
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