# Financial Reporting

This page provides an overview of Xplor Pay’s Financial Reporting options. These reports help merchants and partners reconcile activity and support tax reporting.

## About Financial Reporting

Financial Reporting provides statements, summaries, and tax forms based on processed transactions. It also surfaces billing and funding (payout) details needed for month-end close.

## Business challenges addressed

Financial Reporting helps you:

* Reconcile transactions, fees, and net deposits.
* Reduce manual reporting and spreadsheet work.
* Support annual tax reporting with standardized summaries and forms.
* Improve audit readiness with consistent monthly and annual documentation.

## Key capabilities

* Publish monthly statements with transaction and fee detail.
* Provide annual summaries for year-end reporting.
* Generate and distribute 1099-K tax forms.
* Access reporting through portals, PDF exports, or APIs.

## Report types and delivery

{% stepper %}
{% step %}
**Monthly statements.**

Merchants receive a monthly statement that summarizes transactions, fees, and adjustments for the statement period.

Statements are typically available during the **first week of each month**.
{% endstep %}

{% step %}
**Annual summaries.**

Annual summaries provide a year-to-date breakdown of financial activity to support tax prep and internal reporting.

Supported summary types include:

* **Annual activity summary**
* **Taxpayer activity summary**
  {% endstep %}

{% step %}
**Tax forms (1099-K).**

Billing and transaction data is converted into tax documents, including **Form 1099-K**, which is sent to both the IRS and merchants.

* **IRS submission:** Filed with the IRS to support reported income verification.
* **Merchant copies:** A PDF copy is delivered for record keeping.
* **Submission deadline:** **January 31** each year.
* **Federal e-file:** By **March 31**, a digital version is uploaded to the IRS system.

For more details, see [Understanding Your Form 1099-K](https://clearent.com/insights/understanding-form-1099-k/).
{% endstep %}
{% endstepper %}

## Access methods

You can access billing, funding (payout), and tax reporting details through:

* [Partner Portal](/getting-started/getting-started/our-products/partner-and-merchant-solutions/partner-portal.md)
* [Merchant Portal](/getting-started/getting-started/our-products/partner-and-merchant-solutions/merchant-portal.md)
* [API integrations](/api-reference/api/reporting.md) (if applicable)
* PDFs (tax forms)

For statement help, see [Understanding Your Monthly Statement](https://support.clearent.com/knowledge-base/understanding-your-monthly-statement/).

## Technical requirements

* An active Xplor Pay merchant account.
* Access to at least one reporting interface:
  * Partner Portal
  * Merchant Portal
  * API access (if your integration supports it)

## Related topics

* For timing and fee deduction mechanics, refer to [Merchant Billing & Funding](/getting-started/getting-started/our-products/financial-management/merchant-billing-and-funding.md).
* For broader report access across your portfolio, see [Reporting](/getting-started/getting-started/our-products/reporting-solutions/reporting.md).
* For fee configuration that impacts billing, see [Merchant Pricing](/getting-started/getting-started/our-products/financial-management/merchant-pricing.md).


---

# Agent Instructions: Querying This Documentation

If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question.

Perform an HTTP GET request on the current page URL with the `ask` query parameter:

```
GET https://docs.xplorpay.com/getting-started/getting-started/our-products/financial-management/financial-reporting.md?ask=<question>
```

The question should be specific, self-contained, and written in natural language.
The response will contain a direct answer to the question and relevant excerpts and sources from the documentation.

Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.