This Reconciliation Process is done using the client’s ERP Database

Occasionally there are disagreements over the item details between Myntra’s report and client’s ERP report. Given that these contradictions exist between the two reports. We compute all the data, confirm that it is the same between both the reports, and display the variations in the outcomes. For this, we cross-check all the data with the Myntra Marketplace reports and the client’s ERP reports.

The Reports needed are:
  • Myntra Seller Order Detail
  • Myntra Sales Revenue Report
  • Myntra PG Forward Settlement Report
  • Myntra PG Reversal Settlement Report
  • Myntra TCS reports
  • Myntra Non-Order Settlement Report
  • Reports from the client’s ERP (e.g., SAP, Tally, etc.).

Once the reports are taken and the reconciliation process is done the result is showcased in a very systematic format.

 The Result is as follows:
Myntra GST Report vs ERP Report

The System checks all the data recorded in the client’s ERP (ERP) and compares the data with the Myntra GST (Invoice) report. It then differentiates the orders and highlights them as follows:

  • Reconciled Orders:
    • These are those orders whose net sales in the GST reports match the net sales in the ERP reports.
  • Less Settlement recorded in ERP
    • The orders whose net sales in the ERP is less than the net sales in the Myntra GST report.
  • More Settlement recorded in ERP
    • The orders whose amount in the ERP is more than the amount in the Myntra GST report.
ERP – Myntra Reconciliation

The System checks all the data recorded in Myntra’s reports and compares the data with the client’s ERP. It then differentiates the orders and highlights them as follows:

  • Total Transactions
    • This shows the total number of transactions.
  • Total Myntra Ledger Entry
    • This shows the total Myntra entries in the ERP.
  • Found In Myntra
    • These are the orders that are recorded in the client’s ERP and the same are found in the Myntra Reports.
  • Not Found in Myntra
    • These are the orders that are recorded in the client’s ERP but not found in the Myntra Reports.

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Reconciliation