Optimize Reconciliation Of Myntra Marketplace Using ERP
Managing Myntra fees can become complex when data discrepancies arise between your ERP system and Myntra’s reports. Cointab’s automated reconciliation system bridges this gap, ensuring seamless fee management.
Here’s how Cointab streamlines the process:
ERP Integration:
Cointab seamlessly integrates with your existing ERP system, eliminating the need for manual data entry and potential errors.
Data Discrepancy Detection:
Cointab’s intelligent algorithms perform a comprehensive cross-check of data between Myntra’s reports and your ERP data. This proactive approach identifies inconsistencies in item details, ensuring accurate fee calculations.
Clear Variance Reporting:
Cointab goes beyond simply identifying discrepancies. It provides clear and concise reports highlighting any variations in data between the two sources. This empowers you to investigate and resolve these discrepancies efficiently.
Optimize Reconciliation Of Myntra Marketplace Using ERP
Cointab simplifies Myntra fee reconciliation by integrating seamlessly with the reports that matter most. Here’s what you’ll need:
Myntra Reports:
Myntra Seller Order Detail:
Provides a comprehensive breakdown of individual orders.
Myntra Sales Revenue Report:
Tracks your total sales revenue on Myntra.
Myntra PG Forward Settlement Report:
Details fees associated with successful deliveries.
Myntra PG Reversal Settlement Report:
Provides details on fees for canceled or exchanged orders.
Myntra TCS Reports:
Tracks Tax Collected at Source (TCS) for Myntra transactions.
Myntra Non-Order Settlement Report:
Includes details on settlements not directly linked to orders.
Client’s ERP Reports:
Data from your existing ERP system (e.g., SAP, Tally) is also integrated for a holistic view.
Cointab then takes care of the rest:
Automated Data Extraction: Cointab eliminates manual data entry, minimizing errors and saving you time.
Comprehensive Reconciliation:
All the reports are analyzed and reconciled for a clear understanding of Myntra fees.
Systematic Results:
The outcome is presented in a user-friendly format, highlighting any discrepancies for easy investigation.
Myntra GST Report vs. ERP Report:
Data Integration:
Cointab seamlessly integrates with your ERP system and retrieves sales data.
Order Matching:
Cointab meticulously compares order data between your ERP and Myntra’s GST reports.
Reconciliation Breakdown:
Cointab categorizes orders into three key segments:
Reconciled Orders:
Orders where the net sales in both the ERP and Myntra’s GST reports match, indicating data consistency.
Less Settlement in ERP:
Orders where the net sales in your ERP system are lower than those reflected in Myntra’s GST report. Cointab flags these discrepancies for further investigation, potentially impacting your GST calculations.
More Settlement in ERP:
Orders where your ERP system shows a higher net sales amount compared to Myntra’s GST report. Cointab highlights these discrepancies for review, potentially indicating missing sales data in Myntra’s records.
ERP vs. Myntra Reconciliation:
Comprehensive Data Analysis:
Cointab analyzes all data points between your ERP and Myntra reports.
Transaction Overview:
Cointab provides a clear picture of the total number of transactions processed.
Myntra Ledger Entries:
This section details the total number of Myntra entries recorded in your ERP system.
Data Discrepancy Identification:
Cointab identifies two key categories:
Found in Myntra:
Orders that are present in both your ERP and Myntra reports, indicating data consistency.
Not Found in Myntra:
Orders recorded in your ERP system but missing from Myntra’s reports. Cointab flags these discrepancies for investigation, potentially impacting your sales records and financial calculations.
Shift towards efficiency with Cointab
Wave goodbye to tedious manual Myntra fee reconciliation and frustrating data discrepancies. Embrace a smoother, more efficient way to manage your Myntra fees! Cointab’s automated reconciliation system can revolutionize your Myntra fee management.
Get started withCointab today and experience a world of benefits.
Step into the future of reconciliation. Fill out the form to request your demo now!
Step into the future of reconciliation. Fill out the form to request your demo now!
