It may be part of your work routine, or you may not be very familiar with this term. The much-feared bank reconciliation can take a long time if you don’t have the necessary tools. Why is it so complicated? Fortunately, today we know that there are tools that greatly facilitate this task, such as Besepa, the Docuten collection tool. Alberto Molpeceres, founder of Besepa, explains this in this video.
In the world of payments, it doesn’t matter what payment method you’re using. Basically there are two parts: a technological one, which in the world of cards is very clear, is when you pass the card over the dataphone and someone asks: “Can I charge this person? Yes or no.” and then there’s the bank part. The bank part is the one that moves the money, takes the money from the payer to the collector.
So, what happens many times? That these two parts are separate companies or are separate processes, one does not know the other. For example, you have a POS and what you are going to receive per day is 100 euros. But those 100 euros can correspond to 10 sales of 10, they can correspond to 12 sales of 10 euros and minus a 20 euros refund of from a previous day… they are being mixed. That makes conciliation very difficult.
A platform that can help you put these two parts together, the technological part of the transaction that has taken place with the banking part of the transaction, is vital. This is what Besepa does. It is too complicated to know if a refund you have today is from last week or 3 days ago, what the amount corresponds to, etc. I don’t want to mention the cases where banks uses one clearing house or another one… This can seem very technical, but here the best thing you can do is call us and we can try to solve your doubts.
Do you have more questions about how Besepa can help you manage your company’s bank reconciliation? Contact us and we will advise you on what you need.
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