Configuration

Detailed Configuration for Tailored Reconciliation

The Configuration screen in our Reconciliation Feature is a powerful tool that lets businesses customize the reconciliation process to match their financial setup. This screen gives merchants the ability to define and adjust fees, taxes, and commissions for each transaction, ensuring the reconciliation process accurately reflects their business’s financial details.

Whether you're dealing with fees from Payment Service Providers (PSPs) or commissions from marketplaces, our Configuration tool allows you to set these up with precision. Tailoring the reconciliation process to your specific needs helps reduce discrepancies, improves accuracy, and ensures every transaction is properly accounted for.

Key Features:

• Fee and Commission Setup: Define fees and commissions charged by PSPs, marketplaces, or other third parties. This ensures the reconciliation process captures all financial details that are important to your business.
• Tax Configuration: Set up tax rules to meet your business’s tax needs. You can configure different tax rates for various transactions, ensuring these taxes are accurately reflected during reconciliation.
• Dynamic Adjustments: Easily update settings as your business changes. Whether it’s adding new fees, adjusting commission rates, or changing tax rules, our tool makes these updates quick and simple.
• User Access Controls: Control who can configure reconciliation settings in your organization, making sure only authorized team members can make changes.

Practical Applications:

• Payment Service Providers (PSPs): Set up transaction fees and ensure they’re accurately applied during reconciliation.
• Marketplaces: Create commission structures for marketplace sales to ensure accurate reconciliation.
• Global Operations: Manage multiple tax rules and fees for businesses operating in different countries or regions.

Conclusion:

Getting the configuration right is key to successful reconciliation. Our Configuration tool gives you the flexibility and precision needed to tailor the process to your business’s financial structure, reducing discrepancies and improving overall financial accuracy.