Venmo is an American mobile payment gateway service that is created for people to quickly split bills and make easy transactions. It allows you to link your debit cards, credit cards and bank accounts to their Venmo account.
Keeping a track of your bills or any financial data manually can be time-consuming and prone to errors which can further cause larger losses. To verify your finances with Venmo and to make this entire reconciliation process easy and automated you can trust Cointab Reconciliation.
Cointab’s automated Reconciliation software customizes the features according to your needs which helps in automating the process of verifying the transactions with ease and accuracy. The software compares the website report, ERP reports and bank statements with the invoice provided by Venmo to accurately reconcile the entire data and give accurate results. Our software completely automates the reconciliation process and pinpoints the discrepancies if any so that you can take it up with the organization. Focus on increasing your business while Cointab’s reconciliation software handles all the numbers.
The orders that are placed and for which the payment has already been made comes under Venmo settlement report.
Venmo refund reports:
Orders that have been canceled or refunded come under the Venmo refund reports.
Website report:
All the orders that have been placed through the website come under the website report.
ERP Report:
The internal information a company keeps regarding the orders come under the ERP report.
Bank statement
Transactions that are done by Venmo Payment Gateway are reflected in the Bank statement.
Venmo with website reconciliation
Keeping a track of your bills or any financial data manually can be time-consuming and prone to errors which can further cause larger losses. To verify your finances with Venmo and to make this entire reconciliation process easy and automated you can trust Cointab Reconciliation.
Cointab’s automated Reconciliation software customizes the features according to your needs which helps in automating the process of verifying the transactions with ease and accuracy. The software compares the website report, ERP reports and bank statements with the invoice provided by Venmo to accurately reconcile the entire data and give accurate results. Our software completely automates the reconciliation process and pinpoints the discrepancies if any so that you can take it up with the organization. Focus on increasing your business while Cointab’s reconciliation software handles all the numbers.
Venmo Payment gateway reconciliation results:
Venmo settlement reports:The orders that are placed and for which the payment has already been made comes under Venmo settlement report.
Venmo refund reports:
Orders that have been canceled or refunded come under the Venmo refund reports.
Website report:
All the orders that have been placed through the website come under the website report.
ERP Report:
The internal information a company keeps regarding the orders come under the ERP report.
Bank statement
Transactions that are done by Venmo Payment Gateway are reflected in the Bank statement.
Venmo with website reconciliation
Found and reconciled with the website report:
These transactions are found and reconciled with the Venmo settlement report and the website report.
More amount recorded in the website report:
In this case, the amount recorded in the website report is more in comparison to the Venmo settlement report.
Less amount recorded in website report
Here, the amount recorded in the website report is less than the amount present in the Venmo settlement report.
Not found in website report
The transactions are present only in the Venmo settlement report and not in the website report.
Website with Venmo reconciliation:
These transactions are found and reconciled with the Venmo settlement report and the website report.
More amount recorded in the website report:
In this case, the amount recorded in the website report is more in comparison to the Venmo settlement report.
Less amount recorded in website report
Here, the amount recorded in the website report is less than the amount present in the Venmo settlement report.
Not found in website report
The transactions are present only in the Venmo settlement report and not in the website report.
Website with Venmo reconciliation:
Found and reconciled with Venmo settlement report
These transactions are found and reconciled with the Venmo settlement reports as well as in the website report.
Less amount received in Venmo settlement report
Here, the amount recorded in the Venmo settlement report is less than the amount present in the website report.
More amount received in Venmo settlement report
In this case, the amount recorded in the Venmo settlement report is more in comparison to the website report.
Canceled transactions
These transactions are recorded in the website but not in the Venmo settlement reports as it got canceled from the customer end.
Venmo reconciliation with ERP
These transactions are found and reconciled with the Venmo settlement reports as well as in the website report.
Less amount received in Venmo settlement report
Here, the amount recorded in the Venmo settlement report is less than the amount present in the website report.
More amount received in Venmo settlement report
In this case, the amount recorded in the Venmo settlement report is more in comparison to the website report.
Canceled transactions
These transactions are recorded in the website but not in the Venmo settlement reports as it got canceled from the customer end.
Venmo reconciliation with ERP
Found and reconciled with ERP report
These transactions are found and reconciled with the Venmo settlement report as well as the ERP report.
More amount recorded in the ERP report
In this case, more amount is recorded in the ERP reports in comparison to the Venmo settlement report.
Less amount recorded in the ERP report
Here, less amount is recorded in the ERP report in comparison to the Venmo settlement report.
Not found in ERP report
The transactions found in the Venmo settlement report are not found in the ERP reports.
ERP report with Venmo reconciliation:
These transactions are found and reconciled with the Venmo settlement report as well as the ERP report.
More amount recorded in the ERP report
In this case, more amount is recorded in the ERP reports in comparison to the Venmo settlement report.
Less amount recorded in the ERP report
Here, less amount is recorded in the ERP report in comparison to the Venmo settlement report.
Not found in ERP report
The transactions found in the Venmo settlement report are not found in the ERP reports.
ERP report with Venmo reconciliation:
Found and reconciled with Venmo settlement report
These transactions can be found and reconciled in the Venmo settlement report as well as the ERP report.
Less amount received from Venmo settlement report
In this case, the transactions present in the Venmo settlement reports were recorded less than the amount present in the ERP report.
More amount received from Venmo settlement report
Here, the amount is found more in the Venmo settlement report compared to the ERP reports.
Not Found in Venmo settlement report
In this case, the transactions are not present in the Venmo settlement report but are present only in the ERP reports.
Canceled Transactions
In this case, these transactions are recorded in the ERP report but not in the Venmo reports as it got canceled from the customer’s end.
Venmo with Bank reconciliation
These transactions can be found and reconciled in the Venmo settlement report as well as the ERP report.
Less amount received from Venmo settlement report
In this case, the transactions present in the Venmo settlement reports were recorded less than the amount present in the ERP report.
More amount received from Venmo settlement report
Here, the amount is found more in the Venmo settlement report compared to the ERP reports.
Not Found in Venmo settlement report
In this case, the transactions are not present in the Venmo settlement report but are present only in the ERP reports.
Canceled Transactions
In this case, these transactions are recorded in the ERP report but not in the Venmo reports as it got canceled from the customer’s end.
Venmo with Bank reconciliation
Settled in bank account
In this case, the transactions are present in the bank account as well as in the Venmo settlement report and hence it is settled in the bank account.
Not settled in bank account
These transactions are present only in the Venmo settlement report and not in the bank account.
Bank reconciliation with Venmo
In this case, the transactions are present in the bank account as well as in the Venmo settlement report and hence it is settled in the bank account.
Not settled in bank account
These transactions are present only in the Venmo settlement report and not in the bank account.
Bank reconciliation with Venmo
Found and reconciled Venmo transactions
The transactions are found and reconciled in the Venmo settlement reports as well as in the bank account.
More amount recorded in Venmo
In this case, the amount recorded in the Venmo settlement report is more than the amount in the bank statement.
Less Amount recorded in Venmo
Here, these transactions are recorded less in the Venmo settlement reports in comparison to the Bank reports.
Not Found in Venmo
This denotes that the transactions present in the bank reports are not present in the Venmo settlement report.
Cointab’s automated Reconciliation software significantly simplifies the reconciliation process compared to performing it manually by verifying the above mentioned reports with ease and accuracy. Its entire automated reconciliation process ensures that there are no manual errors which allows you to make better data-driven decisions. Our software can swiftly and efficiently process a large number of transactions while verifying the fees charged by Venmo. To experience a seamless payment reconciliation process, channel the power of Cointab Reconciliation today!
The transactions are found and reconciled in the Venmo settlement reports as well as in the bank account.
More amount recorded in Venmo
In this case, the amount recorded in the Venmo settlement report is more than the amount in the bank statement.
Less Amount recorded in Venmo
Here, these transactions are recorded less in the Venmo settlement reports in comparison to the Bank reports.
Not Found in Venmo
This denotes that the transactions present in the bank reports are not present in the Venmo settlement report.
Cointab’s automated Reconciliation software significantly simplifies the reconciliation process compared to performing it manually by verifying the above mentioned reports with ease and accuracy. Its entire automated reconciliation process ensures that there are no manual errors which allows you to make better data-driven decisions. Our software can swiftly and efficiently process a large number of transactions while verifying the fees charged by Venmo. To experience a seamless payment reconciliation process, channel the power of Cointab Reconciliation today!
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