Reconciliations
-
Reconciliations
allows you to view and compare the total amounts passed using differentPayment Methods
- An example use of this is comparing the total value of transactions as displayed on your credit card handset with those recorded by KoalaBrain to ensure all transactions are accounted for
- Before any action can be taken on the
Reconciliations
panel, aTerminal
must be selected from theChange Terminal
menu - A reconciliation time frame must be set using
Reconciliation From
andReconciliation To
along with the thePayment Method
to reconcile - The
Remote Amount
refers to the amount displayed outside of KoalaBrain, the value you wish to compare against KoalaBrains calculated total. E.g. the total amount displayed on your credit card handset after the close of trade - The
Local Amount
displayed later will refer to the amount calculated locally, ie the amount as calculated by KoalaBrain - Once all details and entered, clicking
Calculated and Save Reconciliation
will save, calculate and display the calculatedReconciliation
- The
Discrepancy
will be the difference between theLocal Amount
andRemote Amount
, if any - The
Reconciliation
can be viewed as it is saved in the right hand preview panel in theReconciliations
panel at any time by clicking on the list item -
Reconciliations
cannot be edited once created, however if you have altered transactions for the period covered by theReconciliation
, you canRecalculate
it using the button in the preview panel - By Default,
Reconciliation From
will default to midnight of the current date, andReconciliation To
will default to the current date/time - Reconciliations will included all effective refunds and payments for the specified payment method in its calculation