Residual audit
What is a residual audit?
A residual audit compares your processor's payout report to your Schedule A contract, line by line and merchant by merchant. It answers one question: did you receive the residual income your agreement defines?
Your first audit is free
- One free audit on any processor format
- Map your Schedule A once, then reconcile every line item
- Then $147/mo Agent unless you cancel before your first charge
Deposits tell you what arrived, not what was owed
Many agents treat the monthly residual deposit as proof of accuracy. Without a structured audit, systematic variance on specific fee categories can repeat for quarters before anyone quantifies the gap against contract terms.
- Portfolio totals can look stable while individual merchants show recurring negative variance on the same line item type.
- Rate-table changes and migrations leave subsets of merchants on terms that no longer match your Schedule A.
- Spot-checking a few MIDs does not scale to books with hundreds of active merchants.
- Without documented audit output, alignment conversations rely on memory instead of merchant-level evidence.
How agents run a residual audit with Residual Genius
Upload the residual detail export you already receive. Map your Schedule A once. The platform computes expected residual from net income per line item and flags material negative variance across the full portfolio.
Define expected pay from contract
Your Schedule A rev-share percentages and fee rules drive expected residual, not generic industry assumptions.
Reconcile every line item
Each merchant and fee category on the processor report is compared to expected pay for that reporting period.
Prioritize confirmed exceptions
Review flagged variance, confirm against your contract, and total recoverable impact before you escalate.
Residual Genius, independent residual auditing for ISO agents.
Frequently asked questions
- How often should ISO agents run a residual audit?
- Monthly, on every residual report. Recurring variance is easier to document and more costly to ignore when it repeats across periods.
- Is a residual audit the same as reading my portal summary?
- No. Portals summarize what was paid. A residual audit tests whether those payments match your Schedule A on each line item.
- Do I need a specific processor format?
- No. Upload CSV or Excel exports in whatever layout you download. Normalization happens on upload.
Ready to reconcile your next report?
No upfront payment. Start your first audit free, then $147/mo. Cancel anytime in one click.
Audit your first report free