The Net Settlement Report is a comprehensive record of the transactions that were net-settled into your account. It is designed to help you track transaction-level deductions and provides transparency into how your deposits are calculated.
- Layout: This report shows detailed information on:
- Gross payment amounts.
- Fees deducted per transaction.
- Net payment deposited into your account.
- Reconcile Easily: Match amounts listed in the report with those deposited into your bank account. For accurate cash flow tracking, you can also match the amounts listed in the report with the deposit emails sent when funds are sent to your account.
How to Access the Report
- Log in to your VRP Account Dashboard.
- Navigate to Reports > Net Transaction Settlement Report.
- Select the desired date range you want to review
- Export your report if needed, by clicking on the option ‘export to excel’ presented in the top right corner of the report.
What the Report Includes
- Settlement ID: Direct Deposit reference number or Recapture reference number
- Transaction Date: The date the settlement, payment, recapture or refund occurred.
- Type: Shows whether a deposit was made to your account or debited from your account (listed as recapture)
- To: Your Property Name or listing
- From: Guest/Payer Name
- Reservation ID: Reservation or booking ID if provided at the time of payment.
- Invoice Id: The payment reference number
- Original Invoice Id: This is used to track a refund to the original payment as refunds have their unique Invoice Id.
- Payment Amount: The total payment amount before the fees are deducted.
- Processing Fee: The fees deducted amount.
- Settlement Amount: The amount deposited into your account.
Tips for Using the Report
- Use filters to focus on specific deposits or date ranges.
- Compare the Net Settlement Report with your bank statements for seamless reconciliation
- Regularly reviewing the Net Settlement Report ensures smooth reconciliation and helps you monitor your transaction history effectively.