Payment Reconciliation can be a very time consuming tasks thats always prone to errors
Finance personnel needs to reconcile payments daily/weekly/bi-weekly to ensure there are no mismatching in their F&B stores or outlets.
Payment Reconciliation Timeline
Usage of VAL for Payment Reconciliation
It identifies which specific outlet/payment method/vendor did the discrepancy occur.
It is entirely automated, meaning manual reconciliation does not need to be done.
Discrepancy shown when mismatching occurs.
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POS system tallies with Platform sales showing no mismatching.
What’re the benefits of using VAL’s Payment Reconciliation?
Tracking can be done whenever a discrepancy occurs, if there are no exceptions highlighted, no action is needed to be taken.
F&B businesses can save valuable time and resources since staff member no longer need to do manual matching, compare invoices, and identify discrepancies. This frees up their time to focus on other important tasks.
Able to see each individual outlet reconciliation on just one dashboard to ensure no discrepancy.