Nykaa Fashion is a fast-growing site to shop for clothing online. It has a variety of clothing options to choose from. Ranging from western wear to traditional wear, watches, shoes and other appliances. Many people also prefer shopping from Nykaa Fashion as it has become a well-known brand over time. As many people shop through the Nykaa Fashion app or site, a lot of customers buy your product and the number of transactions increases. But a problem with this is checking and verifying all the payments made by the customer and then by Nykaa Fashion. Hence to simplify Nykaa Fashion Marketplace Reconciliation with Order Management System process, you can use our automated reconciliation software. It verifies all the payments made and points out if any payments are underpaid or overpaid. This way you can keep a track of all the underpayments and avoid unnecessary losses.
Reports needed for reconciliation:
- Nykaa All Order Report
- Nykaa Sales Report
- Nykaa Payout
- Bank Statement
- Reports from the client’s Order Management System (e.g., Increff, Unicommerce, Easy Ecom.).
Nykaa Fashion-OMS
Here, the software compares the Nykaa Fashion sale report with the Order Management System report and checks all the orders and payments made. After which it shows all the orders correctly paid for. And also points out if any amount is overpaid or underpaid.
Found and Reconciled with Order Management System:
The sale amount matches in both the reports i.e the Nykaa Fashion report and The Order Management System report. Hence these orders are reconciled.
Less Amount Recorded in Order Management System report
The sale amount recorded is lesser in the Order Management System report than the amount recorded in the Nykaa Fashion report.
More Amount Recorded in Order Management System report
On these orders, the sale amount recorded is more in the Order Management System report than the amount recorded in the Nykaa Fashion report.
Cancelled Transactions
Shown here are the orders that were cancelled. The Order Management System report does not include these transactions. No payments are anticipated because these orders have been cancelled.
OMS – Nykaa Fashion
To double-check all the orders and payments, the software compares the Order Management System report with the Nykaa Fashion Report. It shows the orders on which the sale amount given is correct. It also points out if any amount is wrongly paid.
Found and Reconciled with Nykaa Fashion
The sale amount on these orders matches in the Order Management System report and in the Nykaa Fashion report. Their respective amounts are also seen to be the same. So, these transactions are reconciled.
Less Amount Received from Nykaa Fashion
On these orders, the amount recorded in the Nykaa Fashion report is lesser than the amount recorded in the Order Management System report. It indicates that the amount you received from Nykaa Fashion is lesser than the amount you are expected to receive.
More Amount Received from Nykaa Fashion
In the Nykaa Fashion Report, the amount for these orders is higher than in The Order Management System Report. It means that Nykaa Fashion has paid you an extra amount on these orders.
Not Found in Nykaa Fashion
These orders are only present in the Order Management System report and not in the Nykaa Fashion report. This means that Nykaa fashion will not pay for these orders as they are not present in the Nykaa fashion report.
The Nykaa Fashion Marketplace Reconciliation with Order Management System Process is quickly and easily automated by the software. You may monitor and analyze the orders and payments made with the help of the results produced by the software. Additionally, you may see the actual overpayment or underpayment made on orders. You may then ask Nykaa Fashion for the unpaid sum. Because there may be numerous underpayments on orders, which would result in losses if all these orders and payments are not reviewed.
