Helcim is a trusted payment method aiming to provide Canadian and US businesses with the opportunity to accept credit card payments at affordable rates by creating a wide range of online and retail platforms.
The accuracy of Helcim charges must be verified in order to avoid potential financial losses, but doing so manually can be a time-consuming and difficult operation. You can trust Cointab Reconciliation to check the accuracy of your Helcim transactions.
The verification procedure for your company’s charges is made easier with Cointab Reconciliation, improving the efficiency of your finance team. Our software automates data entry and is customized to your unique needs. We fully automate the process of comparing your bank accounts, ERP reports, website reports, and Helcim invoices with each other to check for any overcharges or other miscalculations.
Helcim Payment gateway reconciliation results:
Helcim settlement reports:
Orders that have been placed and for which the payment is made, comes under the settlement report.
Helcim refund reports:
Refund reports include the orders that are refunded or canceled.
Website report:
Orders that have been placed only through the website come under the website report.
ERP Report:
Internal reports a company has to keep about the orders are included in the ERP reports.
Bank statement:
Payments done by Helcim are also shown in the bank statement.
Helcim 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:
More amount is recorded in the website report compared to the settlement 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
The transactions present in the settlement report are not found in the website report.
Website with Helcim reconciliation:
Found and reconciled with Helcim settlement report
Transactions present in the settlement report are also found and reconciled with the website reports.
Less amount received in Helcim settlement report
In this case, the transactions present in the settlement report is less than the amount present in the website report.
More amount received in Helcim settlement report
The transactions present in the settlement report is more than the amount present in the website report.
Canceled transactions
Since the transactions were canceled from the customer’s end, it is not recorded in the settlement report but only in the website report.
Helcim 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 that is 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 Helcim reconciliation
Found and reconciled with Helcim settlement report
The transactions are found and reconciled in the Helcim settlement report as well as the ERP report.
Less amount received from Helcim 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 Helcim settlement report
Here, the amount present in the settlement report is more compared to the amount present in the ERP report.
Not Found in Helcim settlement report
The transactions are not found in the settlement report and are recorded only in the ERP report.
Canceled Transactions
Since the orders were canceled, the transactions are present only in the ERP reports and not found in the settlement report.
Helcim 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.
Bank reconciliation with Helcim
Found and reconciled Helcim transactions
The transactions present in the settlement report are found and Reconciled in the bank statement.
More amount recorded in Helcim
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 Helcim
The amount present in the settlement report is less than the amount present in the bank statement.
Not Found in Helcim
This denotes that the transactions present in the bank statement are not recorded in the settlement report.
Make Cointab Reconciliation your go-to option for easing the reconciliation procedure. It effortlessly compares the above-mentioned reports, making the task simpler by removing the need for manual work. Due to the software being fully automated, the results are error-free. Additionally, data loading and processing proceed without any difficulties, giving you a clear picture of all your transactional actions. Utilize Cointab Reconciliation to enhance the reconciliation process and maintain accuracy.
Don’t wait; get started with Cointab Reconciliation right away on your path to financial efficiency.
