> For the complete documentation index, see [llms.txt](https://docs.xplorpay.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.xplorpay.com/getting-started/getting-started/our-products/financial-management/financial-reporting.md).

# 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

To manage financial reportings, you need:

* 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, see [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).


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