UPI Reconciliation

byPaytm Editorial TeamLast Updated: September 10, 2025

Meaning

UPI Reconciliation is the process of comparing UPI payment records with bank statements to ensure that all transactions are correctly accounted for.

Importance

  • Maintains accurate financial records
  • Helps businesses identify failed or missing payments
  • Simplifies accounting and audit processes
  • Reduces errors in financial management

How It Works

UPI reconciliation involves verifying each transaction’s details such as amount, date, and reference number. Banks or accounting software usually automate this process for efficiency.

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