These terms describe different parts of your financial data in Equali:
-
Financial entry: A record of an event or amount from an input source, such as a sale, refund, fee, or processor movement. This record does not always represent a separate movement of cash.
-
Payment provider or PSP: The provider's records of payments, fees, refunds, and payouts.
-
Settlement: The provider's grouping of entries associated with a payout or settlement. You can review its breakdown and currency before posting it.
-
Transaction: A view of related records, often associated with an order or payment reference. Grouping records does not by itself prove that every expected record was imported.
-
Posting: Sending the reviewed accounting breakdown to a connected accounting system. Importing or reconciling data is separate from posting it.
For more detailed information on configuring reconciliations, refer to the Equali Help Centre.