Payment Reconciliation — Matches every payment the processor reports against the invoices and ledger entries it should settle, catching gaps, duplicates, and fee discrepancies. Gateway settlement files and bank statements feed it, and financial period close depends on it signing off.
Payment Reconciliation lives in the Collect & Recover phase of Run Revenue Operations — the stage where you collect the cash, close the books, keep customers healthy. In the corpus tool index this phase maps to the Payments and Billingcategories.
The critical requirements that test this capability in UsagePricing's AR automation & collections rubric — scored tool profiles link from the list below.
What share of payments auto-match without a human?
The bar: Remittance capture plus ML matching across formats; exceptions-only workflow.