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How to reconcile transactions

Reconciliation is the process of verifying transactions to confirm that your internal records match your bank and Moment records. This ensures that account balances are accurate between your records and bank accounts at the end of a given period. Each transaction is billed, invoiced, and settled based on predefined agreements. Moment provides reconciliation and settlement reports to help you verify that funds are processed and settled as expected.

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Why is Reconciliation Important?

Proper reconciliation protects your business and ensures financial accuracy:
  • Detect discrepancies early — Identify missing, duplicate, or mismatched transactions before they become larger issues
  • Maintain accurate financial records — Ensure your accounting systems reflect actual payment activity
  • Verify settlement amounts — Confirm that funds deposited to your bank account match expected net settlement amounts
  • Support compliance and auditing — Provide clear audit trails for regulatory requirements and financial reviews
  • Enable informed decision-making — Trust your financial data when making business decisions
The reconciliation workflow involves the exchange, processing, and reporting of reconciliation files between Moment and its merchants.