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Purchase reconciliation is when you compare the POS transactions that were marked as 'debit' compared to how many actual debit transactions were run through POSaBIT. This will allow you to identify a…
Updated 2 months ago
Deposit Reconciliation allows you to dig down into specific deposits in order to analyze exactly which purchases made up the deposit as well as view any discrepancies that may have occurred. Using th…
While reconciliation may look a bit different from company-to-company, POSaBIT has identified some common reconciliation methods for you to use. This article will list several reconciliation methods…
Daily purchase reconciliation is used to analyze purchases for a specific day in order to confirm that your POS system and POSaBIT debit payments match up. Additionally, this can be used to determine…
Any fees that you, the merchant, receive as a part of a cashless payment transaction may be taxable to you depending on your jurisdiction. We advise you to consult with your tax advisor.
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Updated 2 months ago
