Reconcile / Reconciliation
Reconcile / Reconciliation
Merchant statement reconciliation compares processor-reported activity with bank deposits, explains the differences between the two, and isolates anything that still needs review.
Glossary
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Reference record
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Updated
September 22, 2026
In payments
Reconciliation connects what the processor reports with what actually reached the bank account. Sales, fees, refunds, reserves, chargebacks, adjustments, and timing differences all affect that comparison.
In reconciliation
A deposit matching gross sales is not the goal. The goal is to account for the activity between the original payment volume and the amount deposited, then identify anything that remains unexplained.
Example
A processor statement reports $52,400 in sales. After known fees, reserves, and other activity, the expected deposit is $46,779. The bank shows $46,754. Reconciliation explains the known activity and isolates the remaining $25 difference for review.
Related terms
Updated
September 22, 2026
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