{"@context":"https://schema.org","@type":"DefinedTerm","name":"Payment reconciliation","description":"Payment reconciliation is the systematic matching of recorded cash transactions – receipts, credits, and refunds – against open items in accounts receivable and payable, verified against bank statements. Freight forwarders and customs brokers rely on this process daily because duties are frequently advanced on behalf of clients and recharged, creating multiple parallel payment flows that must all balance. Any gap, duplicate, or misallocation is identified and corrected before month-end close. Ac","inDefinedTermSet":{"@type":"DefinedTermSet","name":"Frachtportal Logistics Glossary","url":"https://www.freight-academy.com/en/glossary"},"url":"https://www.freight-academy.com/en/glossary/payment-reconciliation","inLanguage":"en","dateModified":"2026-06-18T17:11:56.710662","citation":"https://www.investopedia.com/terms/p/payment-reconciliation.asp","markdownMirror":"https://www.freight-academy.com/api/md/glossary/en/payment-reconciliation","provider":{"@type":"Organization","name":"Frachtportal","url":"https://www.freight-academy.com"},"quickSummary":"Payment reconciliation · Payment reconciliation is the systematic matching of recorded cash transactions – receipts, credits, and refunds – against open items in accounts receivable and payable, verified against bank statements. · Quelle: https://www.investopedia.com/terms/p/payment-reconciliation.asp"}