Deposit Verification

With deposit verification, the Invoice Reconciler is able to ensure that your imported remittances match the cash you receive in your bank account.

How It Works

As part of its import process, the Invoice Reconciler collects both the remittance totals posted to your marketplace account on a weekly basis. When new remittances are posted the reconciler creates a new entry for that remittance and waits for the corresponding deposit to come through your bank ledger.  When it finds a matching transaction, the two entries are linked and the remittance is considered deposited.

Setting Up Deposit Verification

Setting up deposit verification is as simple as linking a bank account and enabling deposit verification on that account.  

1. Select Setting
2. Bank Connection
3. Add Bank Connection
4. Enable Deposit Verification

Deposit Verifying StubHub/Viagogo Remittances

Frequently, Stubhub/Viagogo groups multiple remittances into one payment. Because of this, Reveal's Deposit Verification feature isn't able to deposit verify many of these remittances. In these cases, you can mark the grouped remittances as manually deposited should you wish to have them reflect as deposit verified in your Reveal Invoice Reconciler. To do this, you would go to Invoices>Remittances, find the remittances that have been paid out together (usually 2-3 are grouped), then select those remittances:

Once you've selected the remittances you wish to mark as manually deposited, the button to Mark Manually Deposited will appear:

You then have the option of entering the deposit date information from your deposit account, as well as any notes you wish.

Once complete, click OK, and you're all set!