EN

Clear reporting and settlements

Make your web store's accounting easier. Choose a settlement model and reporting to fit your needs.

Reporting and settlement model suitable for your needs

A settlement model refers to the way your web store's payments are transferred to the web store's bank account from the payment service provider. All payments are transferred to one bank account of the company's choice, therefore you have no need to make transfers between banks.

  • Settlement and reporting models compliant with the requirements of the company's financial management and back-end systems regardless of payment method
  • Financial management and accounting data unchanged to the web store's back-end systems.
  • Reconciliation of payments is made easier.

 

Settlement models

Transaction-based settlements, net

Every payment made in the web store is settled to the web store's bank account individually with the web store's original reference number. Payments will be settled as net amounts, which means that the transaction fees will be deducted from the settlements.

Transaction-based settlements, gross

Every payment made in the web store is settled to the web store's bank account individually with the web store's original reference number. Payments will be settled as gross amounts, which means that the transaction fees are billed afterwards monthly.

Bundled settlements, net

All payments made in the web store within a certain period of time will be settled to the web store's bank account in one bundled settlement either daily, weekly or monthly using a pre-defined, fixed reference number. Payments will be settled as net amounts, which means that the transaction fees will be deducted from the settlements.

Bundled settlements, gross

All payments made in the web store within a certain period of time will be settled to the web store's bank account in one bundled settlement either daily, weekly or monthly using a pre-defined, fixed reference number. Payments will be settled as gross amounts, which means that the transaction fees are billed afterwards monthly.

 

Transaction-based settlements

The financial director's choice

Transaction-based settlements as gross amounts, with the payment's original reference number, is the first choice of many web stores with large sales volumes.

  • Enables automation of reconciliations and accounting in the web store's back-end financial management systems.
  • Transactions on the web store's bank account always match the original payment's sum and reference number.
  • Matching sales and bank accounts with only the help of bank account statements. Supporting reports can be fetched manually or electronically.
  • The web store's financial management back-end systems don't have to differentiate between the fees and commissions of different payment methods. Transaction fees will be billed separately.

 

Multivendor settlements

Settlements to several different bank accounts

A settlement model suitable for online market places and shop-in-shop services, where it's possible to buy products of several merchants at a time and payments are settled directly to the merchants and commisions to the market place. Also suitable for manufacturers or importers that wish to have products ordered in the web store delivered by resellers and payments divided directly with the resellers.

  • Payments can be divided between several parties in an agreed manner.
  • The automated division of payments reduces the amount of manual work and makes financial management easier.

 

Monitoring, managing and reporting payment transactions

The Extranet-service

Maksuturva's services include the Extranet-service for web stores, where you can monitor payment transactions, manage returns and refunds and fetch reports for accounting regardless of the device that you are using.

What can you do in Extranet?
  • View payment and order data
  • Make refunds to payments made in online bank, with a credit/debit card or invoice and part payment
  • Create and print reports for accounting purposes (csv, excel)
  • Control risks associated with card payments
  • Control delivery information of orders
  • Handle refunds or cancellations made by customers
  • Follow feedback from your customers

Reporting

The company's financial management and accounting systems can have specific requirements for the monitoring and managing of payment transactions. With Maksuturva's reporting tools most of these requirements are easily met.

The service includes the following reports

Manually from Extranet

  • Settlement reports (csv, xml, pdf, html)
  • Receivables reports (csv)
  • Invoicing reports (csv, pdf)

Electronically using the reporting interface

  • Settlement reports (xml) and refund reports (xml)
  • Cancelled by buyers reports (xml)
  • Reports sent directly to the web store's email (csv)