Skip to content
Talk to sales: 703-740-9749
Get a demo
Get a demo

Never miss a vendor credit

When you pay your vendor bills through MarginEdge you unlock 🔑 access to our new statement reconciliation tool. Ensure you catch every vendor credit due and only pay what you owe... every time.

To get started, upload a statement today!

Get started today!

Fill out the short form below to kick off statement reconciliation.

How it works

upload your vendor statement
Step 1 Upload the vendor statement

Upload your latest vendor statement and we’ll compare your invoices in MarginEdge to the ones on the statement.
Let MarginEdge compare the invoices
Step 2 Let MarginEdge compare

MarginEdge will match up the vendor info with our data and proactively notify you of any discrepancies (or found credits!).
We'll also communicate with your vendor
Step 3 Tell us where to dispatch

If we spot discrepancies, we'll handle all communication with your vendors so you can get back in sync in no time.
INSTANT ISSUES

No more playing detective 🕵️‍♀️

Don't spend hours to find problems – just spend minutes to fix them.

  • Once you upload the statement, we typically let you know of any issues that same day
  • We can also auto-request statements from your vendor for you
  • Our dedicated Vendor Statement Reconciliation Team can help when things just don’t add up, literally and figuratively
Don't spend hours to find the problems
pay the right amount every time

Precise PAYMENTS

Pay the right amount, every time.

With vendor statement reconciliation, have the peace of mind that you’re always paying your vendor the right amount. Plus, it’s free with your MarginEdge subscription.

  • We'll request missing invoices be submitted from the vendor
  • We'll communicates with the vendor regarding any payment misapplications or other errors 
  • And we'll keep you informed of any communications or we've initiated on your behalf

Vendor statement reconciliation has been seamless and accurate. I pay bills not worrying that I’ll be double paying or paying an incorrect amount.

John Pepper
Co-founder, CEO & Chief Working Advocate
Boloco

MarginEdge's vendor statement reconciliation saves us time, and we can always use more time! Getting 100% of invoices uploaded is not easy and this tool helps when things fall through the cracks.

Jenna Swigert
Partner, TJ's Restaurant Group

Sometimes vendor statements are wild and it's helpful to have support in sorting them out. With this tool we can eke out whether vendors are missing payments or not.

Celina Rella
NY Operations Director, Emma's Torch

Frequently asked questions 

How do I get started?

To raise your hand for vendor statement reconciliation, simply fill out the form below and include the latest statement from your vendor. It is that easy!

(Uploading your vendor statement via the web form is optional. Once we receive your request, we'll reach out to chat next steps.)

Are there any requirements for vendor reconciliation?

Only two! To start reconciling vendor statements with us you only need:

  1. At least two months of invoices in MarginEdge. (We need a record of what you've purchased.)
  2. You need to pay the vendors you want to reconcile statements with MarginEdge Bill Pay. (We also need a record of your vendor payments.)

That's it! We just need a complete record of all your orders and payments for that vendor to accurately tell you how much you still owe.

Why do I need to pay my vendor bills in MarginEdge?

In order to reconcile your vendor statements we need a complete record of all your transactions with that vendor - both bills and bill payments. Otherwise we can't accurately tell you whether the outstanding balance is correct.

How do I get started with MarginEdge Bill Pay?

If you haven't used MarginEdge Bill Pay before, not to worry! You can still send us your vendor statement, and we'll help you get set up.

Don't want to wait? If you're a MarginEdge Admin or Accountant role, you can get a head start on setting up Bill Pay with this two-step process:

  1. Setup Bank Account (3-minute process)
  2. Setup Vendors (2-minute process)
How often can statements be reconciled?

You can upload vendor statements for reconciliation as often as you like. You can optimize your workflow even more with MarginEdge's auto-request feature. Choose a frequency – weekly, bi-weekly, or monthly – and let us seamlessly handle the task of requesting statements from your vendors on your behalf.

Can it handle large volumes of transactions?

Absolutely! This tool was specifically designed for multi-unit operations that have a large volume of transactions. Bring it on!