POS Settlement & Commission Reconciliation

Explain the difference between recorded card sales and the amount settled into the bank. This application is designed to reconcile point-of-sale activity, refunds and contractual fees without treating gross sales as the expected net deposit.

Best suited to

Businesses reconciling merchant card settlements.

What you can manage

• Record point-of-sale sales for the settlement period.
• Include refunds affecting the amount to be received.
• Calculate expected commissions from the entered contractual terms.
• Compare the net position with recorded bank deposits.
• Identify settlement amounts that remain missing or unexplained.

A practical workflow

Combine the sales and refund records, apply the relevant fee basis and establish the expected net amount. Compare it with the bank deposit and investigate any residual settlement difference.

Why this workflow matters

Cash and card reviews involve several points at which amounts can be recorded differently. Following the movement from its operational source to the final settlement helps the business identify where a difference first appears, request the relevant evidence and document the basis on which the account is closed.

Working with your records

Use bank, provider or operational records covering the same account and comparison period. Review remaining differences against the source evidence before accepting a correction. The described workflow prepares and reconciles records; it does not hold funds, move money or imply a live bank connection unless a separately specified integration is provided.

Licence

12-month software licence purchased with a one-time payment. The purchase covers the stated licence term and does not create an automatically renewing subscription.