What is Reconcile? – Checkmate

Introduction to Reconcile

Reconcile is a centralized financial reconciliation platform that allows businesses to track and verify transactions across multiple locations and ordering platforms in a single, unified view.

With Reconcile, you can:

Access all transactions in one place for efficient reconciliation.
Map POS transactions to Ordering Platform statements and identify unmatched transactions.
Gain detailed financial insights to support accurate reporting and decision-making.

Types of Reconcile Reports

Reconcile provides comprehensive reports to help analyze and manage the financial data effectively.

Statement Reports

These reports help track transactions and payment flows:

Unified Statement Report – A consolidated view of all transactions across ordering platforms, making it easier to analyze and compare transactions in a single format.
Refunds and Adjustments – Tracks refunds and order modifications to ensure proper reconciliation.
Sales Reconciliation – Bridges sales records from ordering platform statements with deposits in the bank to verify accuracy.
Deposit Reconciliation – Helps reconcile sales with deposits by linking them to bank deposit dates.

Reconciled Reports

These reports provide deeper reconciliation, linking POS data to Ordering Platform transactions:

Dashboard – A graphical summary of expected receivables from ordering platforms and POS, highlighting net discrepancies.
POS to Statement Bridge – Provides a breakdown of how POS sales convert into bank deposits, including all adjustments.
Fully Reconciled Transactions – Displays transactions that match between POS records and Ordering Platform statements.
Unreconciled Transactions – Identifies transactions where the POS and ordering platform data do not match, helping to resolve discrepancies.
Tax Rate by Location – Compares tax rates charged by ordering platforms versus the POS tax rates for each location.

Reconcile Sign Up

Sign-up is easy! Just fill in the Reconcile Sign-Up Form, and our onboarding team will contact you to set up Reconcile for your location.

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