Helcim is a payment gateway service provider in Canada that focuses on making the transaction process for businesses in Canada and US much easier. It is a trusted payment method providing speedy and secure online payment solutions.
Since Helcim processes a large number of transactions every day, effective reconciliation is crucial to avoiding financial inconsistencies. It might be tedious and error-prone to manually reconcile data; this is where Cointab Reconciliation comes in.
A customized solution is available from Cointab Reconciliation to improve your entire process. Our adaptable software automates data entry and compares bank accounts, ERP reports, and website reports with Helcim invoices. This streamlined procedure aids in error detection, avoids overcharging, and guarantees accurate insights.
Reports required for Helcim payment gateway charges verification:
Helcim payment report
The payment mode from which the payment has been made through Helcim payment gateway.
Helcim rate card
The fee charged for different payment modes come under this report.
Result
Fee correctly charged
The fee which is calculated with the help of the rate card matches with the settlement report.
Fee overcharged
The fee is charged more here compared to the calculated amount.
Fee undercharged
In this case, the fee is undercharged compared to the calculated amount.
Tax correctly charged
The tax amount calculated with the help of the rate card matches with the settlement report.
Tax overcharged
Here, the tax present in the payment report is charged more than the calculated amount.
Tax undercharged
In this case, the tax present in the payment report is charged less compared to the calculated amount.
Settlement amount match
The settlement amount is calculated when fee and tax is deducted from the total amount. The settlement amount calculated should match the settlement report, and in this case they match.
(settlement amount = total amount – fees – tax)
Settlement amount mismatch
The tax and fees are deducted from the total amount which gives us the settlement amount. The settlement amount calculated should match the settlement report, and in this case, they do not match.
To sum it all up, Cointab Reconciliation makes the above mentioned process easier by using its automated features for you that delivers accurate reports. It eliminates the need for manual efforts and does the entire process automatically which provides you with accurate and error-free data. With Cointab Reconciliation optimize your workflow, ensure precision, and make your charges verification process simpler.
Why wait? Start your journey towards financial efficiency with Cointab Reconciliation today.
