For all the effort and time you put to sell online – right from photography to dispatch, it all comes down to the Profits you are making for that. A few damaged returns or the marketplace just not paying you for a few orders can make a huge difference to your bottom line. That is why it is important to make sure you have a detailed payment reconciliation to keep a track of what you are making.

Here are a few important things that a Payment Reconciliation Report must have

1. It should be a Item Wise (SKU) Break Up Reconciliation
2. It should show all the marketplace deductions – Commissions, Closing Fees, Shippping Charges, Taxes etc
3. Percentage payout of the total order  is a good indicator of Payout Amount
4. Returns and the Return Charges
5. Any other Deductions or Reimbursement apart from Sale Orders
6. Match up of the Amount Claimed settled by marketplaces with the Amount transferred to Bank Account
7. Highlight of the discrepencies in any charges or Payout

If you want more details regarding the same or want to get your payment reconciliation done, do get in touch [email protected]