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Overview

This report is relevant for merchants who are processing transactions under a Mazooma direct acquirer bank.

The IBT Balance Report presents details about the merchant’s available balance:

Available (Open) Balance = Cleared Purchases – (Returns + Reserves + Adjustments + Fees + Payouts)

Funds are credited to the merchant account at the end of the 5th banking business day after the transaction is completed. However, a payout or return is debited from the merchant account immediately.

The end balance reflects the current amount in the Merchant’s account that has been cleared and settled:

End (Close) Balance = (Settled Purchases + Reserve TBR) – (Settled Credits + Returns + Reserves + Adjustments)

The end balance amount can be reimbursed or used to credit consumers. Funds are credited to the merchant account at the end of the 5th banking business day after the transaction is completed. However, a payout or return is debited from the merchant account immediately.

This report is not affected by the user time zone.

Report Filters

The following filters are available when generating an IBT Balance Report:

Parameter	Description	Notes
Daily Settlement Date	You can select a few days and they are presented in the grid data per day.	You can search up to 1 year back. The current day is not available.
Client	Select a client.	The results are displayed for each client within their account.
Acquirer Bank	Automatically populated with Mazooma Direct Bank.
Currency	Automatically populated with USD.
Balance View	Select how the report displays your transactions. All collapsed: Only the total activity per period per currency link is displayed. This link displays the total of your transactions throughout the report for the defined period of time. You can press this link to display each transaction that occurred in your account during the defined time period. All expanded: Displays each movement type that occurred in your account during the defined time period.

Generating an IBT Balance Report

Financial reports can be generated for up to 14 months back from the current date.

Refer to the Reports page that explains the basic format of the reports that can be generated using the Control Panel. The page also describes how to create, schedule, and manage queries.

To generate an IBT Balance Report:

From the Menu bar, select Finance > Instant Bank Transfer > IBT Balance.
Use the Report Filters to narrow the search parameters for your report.
Press Run Report. The report is displayed according to the filters you have selected.

IBT Balance Report

In the IBT Balance Report, your activity is displayed according to the time interval you select. The opening and closing balance is displayed with each change, positive and negative. The data is displayed in Red or Green. Green indicates a positive change in your account, while Red indicates a negative change.

Numbers displayed in the report are rounded to the nearest hundredth. The report does not display any data regarding sales transactions processed directly through the bank, only fees that were accrued as a result of the transaction. For information regarding sales data processed directly through a bank, see the Statistic Report.

The following table describes the information displayed in the report:

Parameter	Description	Notes
Details	Press next to Total for Period to display Sales and Credits.
Activity	An activity is any movement of funds to or from your Payment Balance or Reserve Balance. Open Balance – The available balance at the start of the reporting period. Total for Period – Total balance per day. Close Balance – The available balance at the end of the reporting period. Details: Sales – Purchase\Reserve Credits – Payout\Return
From/To	The period of time in which the results of the report are based.	The filter of the Daily Settlement Date only affects the dates that appear in the To column, not the From column. This means that the dates that appear in the From column can be outside the range selected in Daily Settlement Date.
Currency	The 3-letter code of the Settlement currency.
Settlement Balance (Open Balance)	The available balance at the start of the reporting period.	The start balance is usually $0 (zero); however, if the merchant requests a partial reimbursement, or pre-funds their merchant account to make payouts, the start balance may be positive.
Settlement Balance (Close Balance)	The available balance at the end of the reporting period.	The end balance is $0 (zero) unless the merchant requests an amount to be carried over to use for credits.
Transaction Fee	The total amount of processing fees charged for Purchases, Payouts, and Returns within the reporting period.
Adjustment	The total amount of adjustments during the reporting period.	Adjustments to the merchant balance include transactions outside of the system. For example, wire transfers into the merchant account to fund credits.
Reserve (TBR)	The total amount of matured reserves reimbursed within the reporting period.
Purchase (Sales)	The total amount of all debits within the reporting period.
Reserve (Sales)	The total reserve amount deducted for purchases within the reporting period.
Payout (Credits)	The total amount of credits processed during the reporting period.
Return (Credits)	The total amount final returns deducted during the reporting period.

Nuvei generates each report from data provided by card schemes, acquiring banks, and alternative payment service providers. While Nuvei makes every effort to update this data as soon as possible, the data is subject to change at any time. Nuvei can take no responsibility for the accuracy of this data beyond the date of publication.

Sample IBT Balance Report

Press here to download a sample of an exported report.