Reconciliation Procedures

Merchants using a third party application

1. Purchases in Nelnet, CashNET, Paypal, Yahoo, or Authorize.net (third party processors) must be batched daily.

2. Print total sales report or batch reports, at least weekly, from third party application.

3. Compare the third party processor’s report to WRS.

4. The third party application’s report should match WRS.

5. If not, review transactions to find the discrepancy, and correct any errors.

6. Review monthly reports and supporting documents to ensure that all transactions are valid.