wallee synchronizes transactions into cloud accounting system or provides you with an export of your transaction data that can be used to import. This reduces your monthly accounting effort drastically.
The reconciliation process describes the process where pay out reports and bank account statements are imported into the application and matched against the payment records in your shop. Reconciliation serves multiple causes:
The reconciliation feature is not available for all payment methods and highly depends on your setup. Especially for the credit cards it depends on the used acquirer. Should your acquirer or payment method not be available now, we encourage you to get in touch with us so that we can check what would need to be done in order to integrate it.
Beside the reconciliation you want to make sure that the reconciled transactions can be exported into your accounting application so that you are able to report for turnover and expenses. wallee will help you to synchronize and export all gathered data during the transaction process and synchronize them into your accounting software. Here is how it works:
The accounting feature will be available very soon inside wallee. We will keep you posted when there are updates and once it becomes available.