At Synder, we understand that every business has unique needs when it comes to data synchronization. That’s why we now offer two summary modes: aggregating data daily and aggregating per payout.
In this guide, we’ll break down these two methods to help you find the best fit for your business needs.
Both methods roll up your sales, fees, refunds, taxes, and discounts into a single record into your books, but there are some key differences between them.
Aggregating data daily
Daily aggregation is an excellent option for businesses that want to get a quick, summarized view of all financial data for a day. This method prioritizes efficiency, making it ideal for fast-paced environments.
One of the key advantages of this method is that it lets you see your financial data in Synder and your books on a daily basis, allowing for immediate reconciliation. This convenience is particularly helpful if you reconcile within the first few days of the following month, as there is no need to wait weeks until all relevant payouts for the period are finalized.
Also, a lot of platforms generate daily summarized reports, which you can easily match up with Synder’s daily summaries. This makes verifying data and reconciling records across integrations much simpler.
Keep in mind that the summary for the current day will remain in either Fetching or Pending status until the next day. This way, Synder can capture all relevant data from the whole day.
Aggregating data per payout
Per payout aggregation is ideal if you prefer financial records that align with the payout (settlement) reports provided by your platforms. This method is particularly valuable for Amazon integration, as Amazon provides highly detailed settlement reports:
–The summarized view settlement report allows you to quickly compare total amounts with the aggregated summaries in Synder.
–The detailed view settlement report makes it easy to compare individual transactions in each payout with those in Synder’s aggregated summary, if necessary.
Besides Amazon, this summary aggregation method is also available for eBay and Shopify integrations, which provide settlement reports that you can easily compare with Synder’s aggregated summaries.
Just keep in mind that with per payout aggregation, summaries won’t appear until the payout is finalized, so it may take a few days or even weeks before they’re fully aggregated.
Now that you have a clear picture of the two options, you can choose the synchronization method that best suits your business needs!
Reach out to Synder Team via online support chat, phone, or email with any questions you have – we’re always happy to help you!