Overview

Reconciliation refers to the process of comparing financial records from different sources to ensure they match and are accurate. Peach Payments offers full reconciliation and transaction reconciliation:

• Full reconciliation: Peach Payments receives reconciliation information from banks and payment service providers and matches this against internal transaction records. Full reconciliation reports include a reconResult parameter that indicates any mismatches in the transaction information between the financial service provider and Peach Payments.
• Transaction reconciliation: Peach Payments provides you with transaction exports that you can use to reconcile your transactions.

Peach Payments offers reconciliation information through:

• Reconciliation reports that you can download from the Peach Payments Dashboard for full reconciliation.
• A Reconciliation API that enables you to perform transaction reconciliation.

Known limitations

Standard Bank sends 00001 as the batch number for all batches. This does not match what you see in your deposit references, making it difficult for you to reconcile transactions. Peach Payments is working with Standard Bank to fix this issue.