CONDUIT - Reconciliation Reports

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Purpose: Monthly report of CONDUIT transactions, including deposits from order processing and refunds to the requestor. 

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Every Company registered with Conduit will receive an emailed Reconciliation Report at the 10th of each month, containing activity of the previous month.  

This information shows the total deposit amount to the Company's bank for providing the Status Certificates, minus any refunds to their requestors.  The bank information is included as part of the Company's set up process within CONDUIT.  

Per the Condo Act, all orders are inclusive of HST.  The percentage is calculated on the Property Manager's side by their accountant and is a tax calculation that is accounted for on the Company's records.

Due to operational costs, Shiftsuite collects a Service Fee on every CONDUIT order.  This fee is subject to tax, and is reflected on the report.

A typical emailed Reconciliation Report will look like this:

It will be followed by a listing of all orders and charges the requestor(s) have paid, as well as orders that have been refunded within the month. 

For information on how to modify recipients of the Reconciliation Report, click here.