Terminal settlement and reconciliation
Most reconciliation pain comes from the gap between what the till says, what the terminal batched and what lands in the bank. This page explains where the differences come from.
Batch to settlement
Terminals batch their transactions, the batch is submitted for settlement, and funds are credited to your bank account under the timetable in your contract.
Gross versus net
Some arrangements credit gross takings and bill fees separately; others deduct fees before credit. Which one applies changes how your bank line matches your takings report.
Refunds and chargebacks
Refunds and chargebacks post on their own dates, which is a common reason a day's bank credit does not match that day's sales.
Matching in Nova Hub
Nova Hub holds transaction-level detail per terminal, site and user, so a bank credit can be traced back to the batch and transactions behind it.
Work through it with us
Bring your statements and current setup and we will model the cost and the options against them.