When selling on Flipkart you will need to stay on top of payments and e-commerce payment reconciliation to ensure cash flow is maintained. 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 via COD and non-COD then payments may not be in sequence. Reconciliation of payments on orders issued becomes a challenge.
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 Read button to get a detailed view of the orders, received payments, and pending payments.
The Ecombooks Flipkart Payment Reconciliation Software continues. You can see details like this:
- Orders received
- Orders issued
- COD orders issued
- Open orders
- Orders issued and non-orders issued
- Returns information, if available
- Flipkart charges details
- Payment received or not
Payments and orders are matched and arranged in chronological order.
At the same time, the screen also shows you the amounts deducted for the various Flipkart expenses and the amount you received. This is important. You sell the product for a certain price but get a lower price so comparing the price with the invoice would be a challenge if it were not for this Flipkart online reconciliation center.
A reconciliation software can also help identify misunderstandings and omissions. For example, you made an order but the payment was not credited to your account and there is no recovery record. The market may incur high shipping costs. You get to view all such details using the Ecombooks reconciliation panel. You can raise an issue with Flipkart and resolve it.
It is also possible to get payment but the buyer raises a problem and starts 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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