What is Courier reconciliation?
Courier reconciliation matches the parcels a courier delivered, and the cash it collected, against the settlement it paid you, so undelivered, returned and unpaid consignments are identified.
Courier reconciliation matches the parcels a courier delivered, and the cash it collected, against the settlement it paid you, so undelivered, returned and unpaid consignments are identified.
In Bangladesh
With several couriers, weekly settlements and a return rate that can run high, this is the single most common place money goes missing for online sellers here.
An example
A settlement of BDT 2.8 lakh arrives against 210 consignments. Matching it line by line shows six parcels marked delivered with no cash against them, which is BDT 9,000 nobody would otherwise have chased.
In SORS ERP
Shipments, tracking and courier payments sit together in SORS ERP. Steadfast is API integrated for booking and tracking; Pathao, Paperfly and CarryBee use manual consignment entry with statement upload to reconcile COD.
Also called
- In Bangla
- কুরিয়ার সমন্বয়
- Also
- COD settlement
Questions
Answered plainly, including where the answer is no.
How often should I reconcile courier settlements?
Every settlement, as it arrives. Reconciling monthly means investigating a delivery from four weeks ago, by which point the courier's own records are harder to query.
See SORS ERP running on your own numbers
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