Google Pay is a digital wallet and payment platform developed by Google, offering convenient ways to send and receive money, as well as accept payments and engage with customers. It’s especially useful for facilitating contactless payments.
When your business collaborates with Google Pay, it typically handles numerous daily transactions. It’s crucial to ensure the accuracy of these transactions, as there may be instances of overpayment or underpayment. To streamline this process, automated software like Cointab Reconciliation can efficiently reconcile transactions.
Cointab Reconciliation software is designed to automate and simplify the reconciliation of transactions through straightforward steps. Embracing automated software can help your business grow by eliminating the need for manual reconciliation processes.
When your business collaborates with Google Pay, it typically handles numerous daily transactions. It’s crucial to ensure the accuracy of these transactions, as there may be instances of overpayment or underpayment. To streamline this process, automated software like Cointab Reconciliation can efficiently reconcile transactions.
Cointab Reconciliation software is designed to automate and simplify the reconciliation of transactions through straightforward steps. Embracing automated software can help your business grow by eliminating the need for manual reconciliation processes.
Google Pay Payment Gateway Reconciliation Results:
Google Pay settlement reports:
The reports include the orders for which payments have been paid by customers.Google Pay refund reports:
The above reports consist of the amount that has been refunded to the customers by the payment gateway.Website reports:
The website reports include the orders that have been placed by customers through the website.ERP reports:
It is the internal report of the company where the information is placed item-wise.Bank Statement:
These include the reports of transactions in which the bank has received payment via Payment Gateway.Google Pay with Website Reconciliation:
Found and Reconciled with Website Report:
These transactions are found and reconciled in the Google Pay settlement reports and the website report.Less Amount Recorded in Website Report:
The amount recorded on the website report is less than the Google Pay settlement report.More Amount Recorded in Website Report:
More amount is present on the website report compared to the Google Pay settlement report.Not Found in the Website Report:
These transactions are not found in the website report but are recorded on the Google Pay settlement report.Website with Google Pay Reconciliation:
Found and Reconciled with Google Pay Settlement Report Transactions:
The transactions are found and reconciled on Google Pay reports as well as on the website report.Less Amount Recorded in Google Pay Settlement Report:
The amount recorded on the Google Pay report is seen to be less than the website report.More Amount Recorded in Google Pay Settlement Report:
The amount recorded on the Google Pay report is more than the website report.Cancelled Transactions:
These are the orders that have been cancelled by the customers and are recorded on the website report but have not been recorded on the Google Pay settlement report.Google Pay Reconciliation with ERP:
Found and Reconciled with ERP Reports:
These transactions have been found and reconciled on the Google Pay report as well as on the ERP report.Less Amount Recorded in ERP Reports:
The amount recorded on the ERP report is less than the Google Pay report.More Amount recorded in ERP Reports:
The amount recorded on the ERP report is more than the Google Pay report.Not Found in ERP Reports:
The transactions are missing on the ERP reports, but are found on the Google Pay report.ERP Reports with Google Pay reconciliation:
Found and Reconciled with Google Pay Settlement Report:
The transactions are found and reconciled on the ERP reports and also on the Google Pay settlement reports.Less Amount Recorded in Google Pay Settlement Report:
The amount recorded on Google Pay settlement reports is seen to be less as compared to ERP reports.More Amount Recorded in Google Pay Settlement Report:
The amount recorded on Google Pay settlement reports is seen to be more than on ERP reports.Not Found in Settlement Report:
The transactions are recorded on ERP reports but not on Google Pay settlement reports.Cancelled Transactions:
The transactions are recorded on the ERP reports, but these orders were cancelled by the customers and hence were not recorded in Google Pay settlement reports.Google Pay with Bank reconciliation:
Found in Bank statement:
The transactions are found on bank statements and on Google Pay settlement reports.Not found in Bank statement:
These transactions are found on Google Pay settlement reports, but not on the bank statements.Bank Reconciliation with Google Pay:
Found and Reconciled with Google Pay Settlement Report:
The transactions are found and reconciled on the bank statement and the Google Pay settlement reports.More Amount Recorded in Google Pay Settlement Report:
The amount recorded on Google Pay settlement reports is seen to be more as compared to the bank statement.Less Amount Recorded in Google Pay Settlement Report:
The amount recorded on Google Pay settlement reports is noticed to be less than the amount on the bank statement.Not Found in Google Pay Settlement Report:
The transactions are not found on Google Pay settlement reports but are present on the bank statement.In the modern business landscape, the traditional method of manual reconciliation has given way to the adoption of automated software. Cointab Reconciliation software, in particular, offers a user-friendly approach to transaction reconciliation. It allows you to easily upload your data in the format that suits you best and customize workflows to align with your unique needs and preferences. Once the reconciliation process is complete, the software delivers detailed and comprehensive results, saving you time and effort. Embracing Cointab Reconciliation software is the key to streamlining your transaction reconciliation process with minimal hassle and maximum efficiency.
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