Here's how you can reconcile transaction information from Evallo with your bank account.
2. Obtain Your Bank Statement
Next, access your business bank account to download your bank statement covering the same period as your Evallo invoice records. Look for deposits that correspond to the payout amounts you expect based on your invoices.
3. Compare the Data
With both sets of records in hand:
Match each invoice’s total paid amount with the corresponding deposit in your bank statement.
Note any differences in amounts or dates. Often, you may see that deposits appear a day or two later due to processing times (remember, payouts take up to 2 business days).
Verify that the net amounts received (after any convenience fees are deducted) match what your invoice records show.
4. Identify Discrepancies
If you notice discrepancies:
Confirm that all invoices included in the payout period are accounted for.
Check whether any invoices might have been processed late or if there were adjustments made for refunds.
If some transactions are missing or the amounts don’t add up, record these details for further review.
5. Follow Up on Issues
Should you find any unresolved differences:
Contact your bank first to verify that all deposits are correct.Then, reach out to Evallo Support with the specific invoice numbers and details. Provide copies of your invoice records and bank statement segments so they can assist with any discrepancies.
Best Practices for Effective Reconciliation
It’s a good idea to reconcile your transactions on a regular basis—weekly or monthly, for instance—to ensure that issues are identified early . Keeping a detailed log of your reconciliation process, including any notes about adjustments or follow-ups, will help streamline future audits. Although Evallo does not currently offer integrated reconciliation tools, maintaining organized records will help you manage your
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