What does payment reconciliation mean?
Payment reconciliation is a bookkeeping process which cross-checks your external banking and internal records to ensure finances are correct. In layman’s terms, your bank statements are checked against your invoices to make sure everything lines up. Think of this as bank account integration.
By integrating your bank account with Zervant, you can easily check incoming payments against outstanding invoices.
Bank integration with the help of Mastercard
Zervant has partnered with Mastercard in order to provide our customers with a secure and reliable service.
Make the most of payment reconciliation today with one of our Premium plans.
What are the benefits of payment reconciliation?
It’s faster to update the payment status of your invoices.
In one view you can see which invoices are paid and how much you’re still owed.
Reports are automatically updated and ready to be sent to your accountant.
How does reconciliation work in Zervant?
1. Integrate your bank with your Zervant account – it’ll only take a few clicks and information is securely encrypted.
2. When a customer pays your invoice, you can see that transaction from within your Zervant account.
3. Our software compares the transaction information (usually a reference number) with your invoices to find a match. Voila! Your invoices can be marked as paid.
Free invoicing software
Zervant’s invoicing software offers you the ability to create invoices in 60 seconds and send them via email – for free! Store your customers and products, download reports for your accountant and speed up your invoicing with time tracking.
You can use it everywhere with our free mobile app.