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Bank Reconciliation Report
The Bank Reconciliation Report helps you track all daily financial transactions and verify their current status. It allows you to check whether the transactions for each specific day have been received, are still pending, or have remaining amounts that are yet to be converted to your account. It provides a detailed summary of transactions, fees, adjustments, and payouts over a selected date range.
You can select a specific date range (for example, 2024-12-01 to 2025-11-11) to review transactions that occurred during that time.
Day:
The specific calendar date of the transactions and payouts.
Transactions:
Total amount of Foodics Pay processed sales made on that day.
Fees + VAT:
The total fees charged for the day’s transactions, including VAT.
Net Amount:
The transaction amount after deducting fees.
Formula:
Net Amount = Transactions – Fees
Adjustments:
Any additional deductions (e.g., loan installments) or credits applied on that day.
Carry Over Amount:
The difference between the day’s transactions and payments initiated on the same day.
Formula:
Carry Over = Payments Initiated – (Net Amount + Adjustments)
A negative number means more sales happened today than payouts sent today.
A positive number means payouts today include money from previous days.
Payouts Initiated:
The amount of money we initiated to the bank for payout on that day. These payouts may belong to earlier transaction dates.
Payouts Settled:
The amount of money that actually reached the merchant’s bank account on that day.
This may be equal to "Payouts Initiated" or be delayed depending on the amount and the bank.
Outstanding:
The total amount of that day's transactions which have not been settled yet.
If the value is 0 → all transactions for that day have already been paid.
If the value is > 0 → this amount is still pending settlement (not yet paid).