Windcave is an Ecommerce payment gateway channel that retails transactions and provides end-to-end payment ensuring that your transactions are safe, smooth and secure all around the world.
Keeping track of your financial transactions manually can be time-consuming and tricky but it is extremely essential as you can be charged a wrong amount that can eventually cause you great losses. This is where you can trust Cointab and check the accuracy of your transactions with Windcave.
Cointab’s software takes the burden off your shoulders by automating the entire reconciliation process. We believe that accurate financial data is the backbone of every successful business and hence we have developed an advanced software for you. We check the reports provided by Windcave with our reports and verify if any charges are overcharged or undercharged. Focus on growing your business while we handle the payment gateway reconciliation process and unleash financial clarity with Cointab.
Windcave Payment gateway reconciliation results:
Windcave settlement reports:
Settlement reports are those reports that consist of the orders that have been placed and for which the payment is also done.
Windcave refund reports:
Refund reports are those reports that include the orders that have been canceled and the order has been refunded.
Website report:
The orders that have been made through only the website are present in the website report.
ERP report:
ERP report is an internal report of the organization that includes the information of the orders.
Bank Statement:
Bank statement reports consist of the transactions that are made through the bank via payment gateway.
Windcave with website reconciliation
Found and reconciled with the website report:
These reports are found and reconciled with the website report as well as in the Windcave settlement report.
Less amount recorded in website report
The amount found in the website report is less than the amount recorded in the Windcave settlement report.
More amount recorded in website report
Amount found in the website report is more than the amount recorded in the Windcave report.
Not found in the website report
These transactions are not found in the website report but only in the Windcave settlement report.
Website with Windcave reconciliation:
Found and reconciled with Windacve settlement report
These reports are found and reconciled with the Windcave settlement report as well as in the website report.
Less amount recorded in Windcave settlement report
In this case, the transaction amounts are recorded less in the Windcave report compared to the website report.
More amount recorded in Windcave settlement report
The amount in the Windcave settlement report is more than the amount in the website report.
Canceled transactions
These transactions are recorded in the website but not in the Windcave’s reports as it got canceled from the customers end.
Windcave reconciliation with ERP
Found and reconciled with ERP report
The transactions are reconciled on the ERP report as well as the Windcave settlement report.
Less amount record in the ERP report
The amount recorded in the ERP report is less compared to the amount present in the Windcave settlement report.
More amount record in the ERP report
In this case, the amount recorded in the ERP report is more than the amount present in the Windcave settlement report.
Not found in the ERP report
The transactions present in the Windcave settlement report and not present in the ERP report.
ERP report with Windcave reconciliation
Found and reconciled with Windcave settlement report
This denotes that the transactions are found and recorded in the ERP report as well as the Windcave settlement report.
Less amount recorded in Windcave settlement report
In this case, the amount present in the Windcave settlement report is less compared to the amount present in the ERP report
More amount recorded in the Windcave settlement report
The amount present in the Windcave settlement report is recorded more compared to the amount present in the ERP report
Not Found in Windcave settlement report
These transactions are recorded in the ERP report but not in the Windcave settlement report.
Canceled Transactions
In this case, these transactions are recorded in the ERP report but not in the Windcave’s reports as it got canceled from the customer’s end.
Windcave with Bank reconciliation
Found in Bank statement
These transactions are present in the Bank statements as well as the Windcave settlement reports.
Not found in the Bank statement
In this case the transactions are present only in the Windcave settlement report and not in the bank statement.
Bank reconciliation with Windcave
Found and reconciled with Windcave settlement reports
These transactions are present and reconciled with the Windcave settlement reports as well as in the Bank statements.
More amount recorded in Windcave settlement report
The amount present in the Windcave settlement report is seen to be more than the amount present in the bank statement.
Less amount recorded in Windcave settlement report
In this case, the amount present in the bank statement is seen to be more than the amount present in the Windcave settlement report.
Not found in the settlement report
This denotes that the transactions present in the bank reports are not present in the settlement report.
The software helps in automating the process of verifying transactions way quicker than doing it manually, since it is an automated software the chances of errors are zero. We compare and match your data between websites, ERP and bank statements and give you a clarity of your transactions and data. Effortlessly reconcile and manage your financial data with Cointab’s software.
