Payment reconciliation checks agreement between transactions, settlement records and bank receipts. A payout may combine several payments less refunds and charges, with a reconciliation report identifying the components.[1] The task is matching records, not merely confirming that a deposit arrived.
Use transaction and payout references, consistent currency and a suitable period. Investigate the specific missing or differently processed entry rather than immediately assuming a customer failed to pay. Reporting data can also become available after the bank receipt, leaving a temporary reconciliation gap.[1]
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Compiled with AI assistance using public sources. General explanation, not individual legal or tax advice. Describing a concept does not mean Zoloo offers it as a feature.