Processing PSP Payments in Exact
Automate the processing of PSP payments
When your online store receives payments through a Payment Service Provider (PSP), processing payouts, outstanding items, and PSP fees often takes a lot of time. The Reconciliation Module automates this process within Exact, so that payments are processed faster, outstanding items are automatically reconciled, and the financial records always match the actual receipts.
Why Automate PSP Settlement?
When payments are processed through a Payment Service Provider (PSP), the payouts do not always correspond exactly to the orders in your online store. PSP fees are deducted, multiple transactions are combined, and payments are processed in batches. As a result, processing and reconciling open items in Exact often takes longer than necessary.
The Reconciliation Module automates this entire process. Outstanding items are automatically reconciled, PSP fees are processed immediately, and the financial records always match actual receipts. This allows you to maintain control over the processing of online payments and avoid manual verification work.
Who are our customers?
We work for the following clients, among others. Here is a selection of organizations that rely on our expertise.
How does the Afletter Module work?
The Reconciliation Module automates the processing of PSP payments within Exact. Transaction data is automatically processed via an API connection or file, after which open entries are reconciled and PSP fees are immediately posted to the correct general ledger account. This ensures that your financial records always reflect actual receipts.
1. Receive transactions from your PSP
Transaction data is automatically made available via an API connection or through a transaction file from your Payment Service Provider (PSP).
2. Process payments automatically
The Reconciliation Module processes transactions within Exact, creates the necessary journal entries, reconciles open items, and automatically processes PSP fees.
3. Keep track of your financial records
Payments, batch receipts, and expenses are automatically reconciled. This ensures that your records are always up-to-date and verifiable.
What are the benefits of the Afletter Module?
With the Reconciliation Module, you can automate the processing of PSP payments within Exact. Outstanding entries are automatically reconciled, PSP fees are processed immediately, and financial entries are created automatically. This allows you to spend less time on manual administrative tasks and reduces the risk of errors.
The module supports various Payment Service Providers (PSPs) and can be configured to match your payment process. Whether you work with fixed or percentage-based PSP fees, one or more PSPs, or various payment methods, the Afletter Module ensures consistent and reliable processing within Exact.
Key Benefits
- Automated processing of PSP payments within Exact.
- Outstanding items were automatically reconciled.
- Automated processing of PSP fees.
- Support for multiple Payment Service Providers (PSPs).
- Suitable for various payment methods and fee structures.
- Less manual paperwork and a lower risk of errors.
- Financial records that are always up-to-date and verifiable.
Curious to find out what this solution can do for your organization?
With the right solution, you’ll work more efficiently, save time, and get more value out of your business software. Our consultants are happy to help you find the best approach.
Request a demonstration or contact us for personalized advice.
Arie van Leeuwe
Alistar
Frequently Asked Questions
Are you curious about how this solution can enhance your Exact environment? Check out the answers below to frequently asked questions about the integration, features, and capabilities within Exact.
What does the Afletter Module do?
The Reconciliation Module automates the processing of PSP payments within Exact. Open items are automatically reconciled, and PSP fees are immediately processed in your financial records.
For which Exact solutions is the Afletter Module available?
The Reconciliation Module is available for various Exact solutions. Please contact us to discuss which options are compatible with your Exact environment.
Which payment service providers does the Afletter Module support?
The Checkout Module supports Mollie, MultiSafepay, Buckaroo, Stripe, Adyen, and CM.com, among others. Do you use a different payment service provider (PSP)? If so, we’d be happy to explore the options.
Does the Afletter Module work via an API or with a file?
Depending on the PSP used, transactions are processed via an API connection or based on a transaction file.
Can the Reconciliation Module automatically reconcile open items?
Outstanding items are automatically reconciled based on the transactions from your PSP. This eliminates the need for manual reconciliation.
How are PSP fees processed?
PSP fees are automatically calculated and posted to the appropriate general ledger account, regardless of the selected cost structure.
Does the Afletter Module support multiple payment service providers?
The module can be configured for multiple PSPs and various payment methods within a single Exact environment.
Is the Afletter Module suitable for organizations that handle a large volume of online transactions?
The Afletter Module was developed for organizations that want to process large volumes of online payments efficiently and reliably.
Can Alistar implement the Afletter Module?
Alistar handles the entire process: from consulting and implementation to setup, support, and optimization.
Is customization or an additional integration possible?
If your processes require it, we can expand the Afletter Module or integrate it with other systems and business processes.
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