Courier remittance checker: did the settlement pay what it owed?
The short answer
What should arrive is everything the riders collected, minus the freight on the parcels that were delivered, minus the freight billed on the ones that came back, minus any per-parcel charges, minus the COD service fee, minus withholding on the collected value.
Compare that to the figure credited to your account. If it is lower, the difference is either a deduction you did not know about or a parcel you were not paid for — and those are two very different problems. The first is a contract you should re-read. The second is money someone owes you.
The reason this goes unchecked is arithmetic, not indifference. A settlement file is a few hundred lines, the deductions are spread across several columns, and re-adding it by hand takes an afternoon nobody has. So the total is glanced at and banked.
In this settlement cycle, not this month — match the file you are checking.
Total cash collected divided by delivered parcels, if the file gives you a total.
Refused or undelivered in the same cycle. They collect nothing and still cost freight.
Your contracted rate for the zone and weight — not a published one.
What the courier charges for an RTO. Some bill both legs, some bill one. Check.
Fuel, handling, insurance — anything billed per parcel regardless of outcome.
A share of what was collected. Starts empty on purpose — take it from your contract.
Deducted on the collected value. Use the rate on your own settlement file, not one from an article.
The amount credited for this cycle. Leave at zero until you have the statement.
What should reach your bank
PKR 295,000
Enter what actually arrived, above, to check it against this.
These are example figures. The 3,200 collected and 250 of freight are the illustration from our guide to profit on a single order; 100 parcels is a round number chosen to make the arithmetic legible, not a claim about anyone’s volume. Every fee starts at zero deliberately. COD service fees vary by contract and withholding depends on your filing status and changes — we are not going to put a rate we cannot source into a box on your screen. Take both from your own settlement file.
The sum, written out
Nothing is hidden inside the calculator. If you would rather check a cycle on paper, this is the whole of it.
- Total collected = delivered parcels × average collected per parcel
- Freight = (delivered × freight per delivered parcel) + (returned × freight billed per return)
- Per-parcel charges = (delivered + returned) × anything billed per parcel — fuel, handling, insurance
- Proportional deductions = total collected × (COD service fee % + withholding %)
- Expected remittance = total collected − freight − per-parcel charges − proportional deductions
- The gap = what reached the bank − expected remittance
Why returns belong in a payment check at all
A returned parcel collects nothing, so the instinct is to leave it out of a calculation about money received. That is exactly how the gap hides. The courier did not forget the parcel — they carried it, and in most contracts they bill for having carried it. It appears on the settlement as a charge against a cycle in which it earned you nothing.
So a cycle with more returns than usual remits less than usual for two compounding reasons: fewer parcels collected cash, and more parcels were billed for. If you are only comparing this month’s deposit to last month’s, a rising return rate looks identical to being short-paid.
A worked example
Take the figures the calculator opens with — 100 delivered parcels at 3,200 collected each, 250 of freight per parcel, no returns and no fees entered. The riders collected 320,000. The freight is 25,000. Nothing else has been entered, so the expected remittance is 295,000, or 2,950 per delivered parcel.
Now add a 2% COD service fee: 6,400 more comes out, and the expectation drops to 288,600. Add ten returns billed at 250 each and it drops another 2,500, to 286,100 — for a cycle in which nothing went wrong that you would have noticed. If the bank shows 279,000, you are short 7,100, which is 28 parcels’ worth of freight. That is the shape of number worth an email; a vague sense that the deposit “felt low” is not.
A total that matches is not proof
This is the limit of any cycle-level check, including this one, and it is worth being plain about. Our guide to returns and withholding makes the same point: a correct total can contain two errors that cancel. A parcel you were never paid for and a deduction that was wrongly reversed can net to zero and leave a settlement that reconciles perfectly.
Use this to find out whether a cycle is worth investigating. Finding out which parcel is a per-order comparison against the settlement file, which is the thing this product does continuously rather than once.
Why none of the rates are filled in for you
Every fee field on this page starts at zero, and that is deliberate rather than unfinished. COD service fees are a term of your contract and differ between sellers on the same courier. Withholding depends on your filing status and the rules change. Figures for both circulate on third-party blogs, and we will not copy them onto a calculator: a number sitting in a box on our own tool is a stronger claim than the same number in a sentence, not a weaker one.
The right source for both is the settlement file in front of you. If you cannot find the deduction on it, that is itself the finding.
Questions people ask
- What counts as one settlement cycle?
- Whatever period the courier paid you for in a single transfer. Match the calculator to the file, not to your calendar month — a cycle that straddles month-end is the most common reason a check appears not to reconcile when it actually does.
- The courier bills freight on returns differently. Does that break this?
- No. The freight billed per returned parcel is its own field precisely because contracts differ — some bill both legs of the journey, some bill one, some waive it below a threshold. Put in what your file shows.
- What withholding rate should I enter?
- The one on your own settlement file. Rates depend on filing status and change over time, so a figure quoted in any article — including this one — is the wrong source for a number you will act on.
- The gap is small. Is it worth chasing?
- Compare it to the freight on one parcel, which the calculator shows. A gap worth a fraction of one parcel is rounding. A gap worth twenty parcels is a pattern, and it will repeat every cycle until someone asks about it.
- It says more arrived than expected. What now?
- Find out why before you spend it. An over-remittance is usually a deduction reversed or a previous cycle's correction landing late, and both mean the cycle it came from was wrong too.
Next
This checks a cycle after the money moves. The COD profit calculator works out what a single order was worth before you took it, and why your revenue never matches your bank explains why the two numbers were never going to agree on their own.
This is the arithmetic Markazi Panel does automatically, on every order, from a single line of script — see a dashboard with a month of data in it, or ask anything at hello@markazipanel.com.
The other tools
- AI visibility checker: can ChatGPT and Perplexity actually read your site?Whether AI assistants can read your site at all — robots.txt, llms.txt, and what a crawler really sees.
- COD profit calculator: what one cash-on-delivery order actually leaves youWhat one COD order leaves you after goods, freight, deductions and returns — in rupees, with your numbers.
- Break-even ad spend for a COD store: the most you can pay per orderThe most you can pay to acquire one order, once you account for the parcels that come back.