How to Reconcile Cash Balance

This module will define how we reconcile the COD amount/Cash Balance against which money has been collected by the carrier partner. This guide presents a comprehensive and practical step-by-step guide for businesses and logistics professionals to effectively reconcile consignments using the principles of Third Party Reconciliation. This guide aims to streamline the consignment reconciliation process, ensuring accuracy, transparency, and smooth operations within the supply chain.

Please note, only the Cash type (COD) of orders will be shown for reconciliation because for the prepaid orders end customer has already paid the money and the carrier will not collect cash from the end customer.

Instructions

1. Navigate to Shipsy portal > Finance Operation > Third-party reconciliation option

2. Click on Reconcile in the actions column, against the carrier partner whose cash has to be reconciled

3. We have to upload the consignments whose cash balances have to be reconciled. Either, we can upload some or all of the consignments for COD Reconciliation

4. Download the sample file: fill in the list of Consignment Numbers which need to be reconciled

5. Upload the updated CSV file and click on Submit

6. Fill up the Bank Transaction ID, Bank Transaction Date & Description & then click on Reconcile ( after filling in these details only the reconcile button be enabled)

Conclusion

Using these steps, users can do the Cash Balance/COD amount reconciliation process by selecting some or all of the consignments as and when required.