Payment reconciliation FAQ
Payment reconciliation, answered clearly.
How Traqvera verifies internal transactions, PSP settlements, and bank receipts—without turning financial control into a black box.
Does a matched amount mean settlement was on time?
No. Amount and timing are evaluated separately. A settlement can match in full and still be late against its expected settlement window, creating time-based exposure even when the amount difference is zero.
What is payment reconciliation?
Payment reconciliation compares internal transaction records, payment service provider settlement reports, and bank statement entries to verify that expected funds were settled and received—and to explain any difference.
What does Traqvera Reconcile compare?
It first compares internal transactions with PSP settlements, then compares expected PSP payouts with actual bank receipts. Keeping those stages separate shows exactly where a difference occurred.
Does AI decide whether money reconciles?
No. Deterministic rules own matching, calculations, and financial state changes. AI organizes evidence, explains likely root causes, and recommends a resolution for human review.
Can we start with CSV files?
Yes. The initial product is designed for internal transaction, PSP settlement, and bank statement CSV files. Field mapping and data-quality checks happen before a reconciliation run starts.
Does Traqvera replace our ledger or accounting system?
No. Traqvera Reconcile is an operational control layer. It verifies movement between transaction, settlement, and bank records without pretending to be the accounting system of record.
Does Traqvera move money or operate treasury accounts?
No. Traqvera observes, verifies, investigates, and documents settlement outcomes. It does not execute payments, move liquidity, trade FX, draw credit, or operate custody or treasury accounts.