If you are selling to Flipkart you will have to stay on top of payments and online payment reconciliation to ensure cash flow. However, in the case of Flipkart, new members receive payment in the prescribed cycle, which is about two weeks when established merchants receive a payment within a week or more. COD payments take approximately two weeks to appear in the merchant account. If the seller submits orders on COD and on a COD basis the payments may not be in sequence. Reconciliation of payments against orders made becomes a challenge.
Ecombooks Flipkart Reconciliation Online Software
The Ecombooks Flipkart Reconciliation online tool is perfect for merchants who wish to sync orders with payments. All you have to do is upload your Flipkart transactional .xlsx file and click the calculator button to get a detailed view of used orders, received payments, and pending payments.
The Flipkart Reconciliation Software continues. You can see details like this:
- Orders received
- Orders were executed
- COD orders placed
- Ordered orders and orders can be issued
- Return details if available
Payments and orders are matched to each other and arranged chronologically.
At the same time, the screen also shows discounts due to Flipkart's various funds and the total amount earned. This is important. You sell a product for a certain price but you get a lower price so comparing the price to the invoice would be a challenge if it were not for this Flipkart online reconciliation center.
An Ecommerce payment reconciliation software can also help identify inconsistencies in omissions or commissions. For example, you made an order but the payment was not credited to your account and there is no return record. The market may incur high shipping costs. You get to view all the details using the Ecombooks reconciliation site. You can raise an issue with Flipkart and resolve it. It is common to have orders that can be shipped out for 15 days however and this can be counted as scheduled. However, any orders for which money can be paid for one or more months must be addressed immediately.
It is also possible to get payment but the buyer raises the issue and begins a refund where a recurring transaction occurs. This is also reflected in the conciliation statement. Use Ecombooks Flipkart Reconciliation and stay on top.
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