Apple Pay is a payment gateway method that helps you make transactions everyday with ease. It replaces the physical cards and makes the entire transactional process online, in apps and in stores.
Managing finances and performing manual payment reconciliations can be time-consuming and challenging, but it’s crucial to prevent unexpected fees charged by Apple Pay that can cause potential losses. Cointab can be a reliable solution to verify the accuracy of fees charged by Apple Pay for your transactions.
Increase the possibility of an accurate process with Cointab, which completely automates the reconciliation process. Our company knows the importance of having a strong financial team that would make the entire reconciliation process easy and hence with our automated software you can avoid manual efforts and potential errors. You can focus on growing your business while we take care of the payment gateway reconciliation procedure and release financial clarity with Cointab.
The orders that have been placed and for which the payments have been made are present in the Apple Pay settlement report.
Apple Pay refund reports:
Apple Pay refund reports consist of the orders that have been canceled or refunded.
Website report:
Orders made only through the website come under the website report.
ERP Report:
The internal information a company has to keep regarding the orders comes under ERP report.
Bank statement
The transactions that are present in the Apple Pay reports are also present in the Bank statement.
Managing finances and performing manual payment reconciliations can be time-consuming and challenging, but it’s crucial to prevent unexpected fees charged by Apple Pay that can cause potential losses. Cointab can be a reliable solution to verify the accuracy of fees charged by Apple Pay for your transactions.
Increase the possibility of an accurate process with Cointab, which completely automates the reconciliation process. Our company knows the importance of having a strong financial team that would make the entire reconciliation process easy and hence with our automated software you can avoid manual efforts and potential errors. You can focus on growing your business while we take care of the payment gateway reconciliation procedure and release financial clarity with Cointab.
Apple Pay Payment gateway reconciliation results:
Apple Pay settlement reports:The orders that have been placed and for which the payments have been made are present in the Apple Pay settlement report.
Apple Pay refund reports:
Apple Pay refund reports consist of the orders that have been canceled or refunded.
Website report:
Orders made only through the website come under the website report.
ERP Report:
The internal information a company has to keep regarding the orders comes under ERP report.
Bank statement
The transactions that are present in the Apple Pay reports are also present in the Bank statement.
Apple Pay with website reconciliation
Found and reconciled with the website report:
These reports are found and reconciled with the website as well as the Apple Pay settlement report.
More amount recorded in the website report:
More amount is recorded in the website report compared to the Apple Pay settlement reports.
Less amount recorded in website report
In this case, the amount recorded in the website report is less than the amount recorded in the Apple Pay settlement report.
Not found in website report
The transactions are not present in the website report but only in the Apple Pay settlement report.
These reports are found and reconciled with the website as well as the Apple Pay settlement report.
More amount recorded in the website report:
More amount is recorded in the website report compared to the Apple Pay settlement reports.
Less amount recorded in website report
In this case, the amount recorded in the website report is less than the amount recorded in the Apple Pay settlement report.
Not found in website report
The transactions are not present in the website report but only in the Apple Pay settlement report.
Website with Apple Pay reconciliation:
Found and reconciled with Apple pay settlement report
These transactions are found and reconciled with the Website report as well as the Apple Pay settlement report.
Less amount received in Apple Pay settlement report
In this case, the amount is recorded less in the Apple Pay settlement report compared to the website report.
More amount received in Apple Pay settlement report
Here, the amount recorded in the Apple Pay settlement report is more than the amount recorded in the website report.
Canceled transactions
These transactions are recorded in the website but not in the Apple Pay reports as it got canceled from the customer end.
These transactions are found and reconciled with the Website report as well as the Apple Pay settlement report.
Less amount received in Apple Pay settlement report
In this case, the amount is recorded less in the Apple Pay settlement report compared to the website report.
More amount received in Apple Pay settlement report
Here, the amount recorded in the Apple Pay settlement report is more than the amount recorded in the website report.
Canceled transactions
These transactions are recorded in the website but not in the Apple Pay reports as it got canceled from the customer end.
Apple Pay reconciliation with ERP
Found and reconciled with ERP report
These transactions are found and reconciled with the ERP reports as well as the Apple Pay settlement report.
More amount recorded in the ERP report
In this case, the amount recorded in the ERP report is more than the amount recorded in the Apple Pay settlement report.
Less amount recorded in the ERP report
Here, the amount recorded in the ERP report is less than the amount recorded in Apple Pay settlement report.
Not found in ERP report
In this case, the transactions that are present in the Apple Pay report are not recorded in the ERP report.
These transactions are found and reconciled with the ERP reports as well as the Apple Pay settlement report.
More amount recorded in the ERP report
In this case, the amount recorded in the ERP report is more than the amount recorded in the Apple Pay settlement report.
Less amount recorded in the ERP report
Here, the amount recorded in the ERP report is less than the amount recorded in Apple Pay settlement report.
Not found in ERP report
In this case, the transactions that are present in the Apple Pay report are not recorded in the ERP report.
ERP report with Apple Pay reconciliation:
Found and reconciled with Apple Pay settlement report
These reports are found and reconciled with the Apple Pay report as well as the ERP report.
Less amount received from Apple Pay settlement report
In this case, the transactions present in the Apple Pay settlement reports were recorded less than the amount present in the ERP report.
More amount received from Apple Pay settlement report
Here the amount present in the Apple pay settlement report is more than the amount in the ERP report.
Not Found in Apple Pay settlement report
These transactions are recorded only in the ERP report and not in the Apple Pay settlement report.
Canceled Transactions
In this case, these transactions are recorded in the ERP report but not in the Apple Pay reports as it got canceled from the customer’s end.
These reports are found and reconciled with the Apple Pay report as well as the ERP report.
Less amount received from Apple Pay settlement report
In this case, the transactions present in the Apple Pay settlement reports were recorded less than the amount present in the ERP report.
More amount received from Apple Pay settlement report
Here the amount present in the Apple pay settlement report is more than the amount in the ERP report.
Not Found in Apple Pay settlement report
These transactions are recorded only in the ERP report and not in the Apple Pay settlement report.
Canceled Transactions
In this case, these transactions are recorded in the ERP report but not in the Apple Pay reports as it got canceled from the customer’s end.
Apple Pay with Bank reconciliation
Settled in bank account
These transactions are settled in the bank account as well as in the Apple Pay report.
Not settled in bank account
In this case, these transactions are found only in the Apple Pay settlement report and not in the bank account.
These transactions are settled in the bank account as well as in the Apple Pay report.
Not settled in bank account
In this case, these transactions are found only in the Apple Pay settlement report and not in the bank account.
Bank reconciliation with Apple Pay
Found and reconciled Apple Pay transactions
These transactions are found and reconciled in the Apple Pay settlement reports as well as the bank report.
More amount recorded in Apple Pay
In comparison with the Bank reports, these amounts are shown more in the Apple Pay settlement report.
Less Amount recorded in Apple Pay
In this case, these transactions are recorded less in the Apple Pay settlement reports in comparison to the Bank reports.
Not Found in Apple Pay
This denotes that the transactions present in the bank reports are not present in the settlement report.
Cointab is your partner in simplifying the reconciliation process. It effortlessly analyzes the reports mentioned earlier, making reconciliation a breeze. The power of automation means fewer manual tasks and impeccable accuracy in your outcomes. Data loading and processing are seamlessly integrated into our program, providing you with a comprehensive view of all transactional activities. Take full advantage of Cointab to streamline your operations, maintain precision, and elevate your charges verification process. Don’t hesitate any longer—start your journey towards financial efficiency with Cointab today and experience the difference.
To check out more articles click on the links below:
These transactions are found and reconciled in the Apple Pay settlement reports as well as the bank report.
More amount recorded in Apple Pay
In comparison with the Bank reports, these amounts are shown more in the Apple Pay settlement report.
Less Amount recorded in Apple Pay
In this case, these transactions are recorded less in the Apple Pay settlement reports in comparison to the Bank reports.
Not Found in Apple Pay
This denotes that the transactions present in the bank reports are not present in the settlement report.
Cointab is your partner in simplifying the reconciliation process. It effortlessly analyzes the reports mentioned earlier, making reconciliation a breeze. The power of automation means fewer manual tasks and impeccable accuracy in your outcomes. Data loading and processing are seamlessly integrated into our program, providing you with a comprehensive view of all transactional activities. Take full advantage of Cointab to streamline your operations, maintain precision, and elevate your charges verification process. Don’t hesitate any longer—start your journey towards financial efficiency with Cointab today and experience the difference.
To check out more articles click on the links below:
