Payment reconciliation is an important process to verify payouts to your bank account. Learn more below!
What is Payment Reconciliation?
In the context of AndDone, payment reconciliation (sometimes called account reconciliation) is the process of matching the funds that have been settled in our payments portal with funds received in your bank account. Payment reconciliation is necessary to help you identify errors or discrepancies, and to confirm that you have been fully paid out.
Using the Settlement Report For Reconciliation
In the settlement report, you will see all of the payments that have settled, or paid out, to your bank account. In the settlement report, under the column labeled "NetSettlementAmount" you will see the amount for each payment that will be transferred to your bank account. Using this net settlement amount, you can reconcile your bank account to ensure that payments have been settled properly.
Congratulations, you have learned how to use the daily settlement report for payment reconciliation! If you need assistance or have further questions, please refer to our self-service Knowledge Base!