Common Reconciliation Errors
Commission overcharges
You could be charged higher commissions due to errors such as wrongly-identified product categories.
Fixed Closing Fees
Closing fees could be miscalculated due to various reasons, causing overcharges.
Return Commission
Marketplaces charge commissions on every return. Simultaneously, original commissions are reversed. Since there's scope for errors to creep in, these instances need to be tracked for accuracy.
Order cancellation charges
Marketplaces charge sellers for any cancellations of orders. Improper processing of these charges can cause mismatches.
Collection fees
This marketplace-specific fee is levied on each transaction. Miscalculation of this fee can lead to discrepancies.
Reimbursement
Discrepancies can occur in the settlement of reimbursements requested by the seller.
How LogiRecon works
Cashflow forecasting
Get a 360° view of your receivables and structure your cashflow accordingly. Map the future of your business with greater clarity.
Security
LogiRecon is extremely secure with high standards of data privacy. Logibricks is VAPT and ISO 27001 certified and currently undergoing and SOC 2 Type 1 certification.
Top Features
Complete debtor reconciliation
Fool-proof reconciliation of settlements across marketplaces
No data formatting/editing required
Upload order & settlement data with zero editing or reformatting
Discrepancy report for marketplaces
Download discrepancy-wise reports which can be shared with marketplaces to reclaim your money
What users say about LogiRecon
“If marketplace settlements are not reconciled correctly, a significant portion of your earnings go down the drain. But manual reconciliation takes hours and hours of effort. LogiRecon helped us save money, time and effort in the reconciliation process.”
“LogiRecon is an absolutely essential tool for any seller active on marketplaces! A true life-saver.”
“Automated payment recon tools like LogiRecon make the lives of us sellers so much easier. All that time I spent analysing excel sheets, I can actually spend that on the well-being of my business. ”
“Reconciling settlements is a task I used to find annoying. Now, with LogiRecon, it’s something that can be done perfectly in just a few minutes!”