Differences

This shows you the differences between two versions of the page.

--- pos:ccprocessing [2025/07/10 16:58] – [Deposit:] mrjim
+++ pos:ccprocessing [2025/11/16 19:59] (current) – [Batching:] mrjim
@@ Line 41: / Line 41: @@
 ===== Batching: =====
-Once per day, currently at 4 AM, the captured cards are batched. They are grouped together for submission to the Card Network.
+Once per day, currently at 4 AM, the captured cards are batched. They are grouped together for submission to the Card Network. The amounts that were captured at closing when the POS Closeout Report is generated can be edited in the processor merchant portal up to the time the transactions are batched at 4 AM.
 ===== Processed or Settled: =====
@@ Line 49: / Line 49: @@
 ===== Deposit: =====
-The day after the transactions are processed/settled the amount of money that was batched is deposited into your account. The first deposit of any month is reduced by the amount of fees and chargebacks. One deposit per month will not match the Daily Closeout credit card deposit.
+The day after the transactions are processed/settled the amount of money that was batched is deposited into your account. The first deposit of any month is reduced by the amount of fees and chargebacks. One deposit per month will not match the Daily Closeout credit card deposit. This deposit shortage is not noted in the Sales Summary 2025 (Accountant). This once per month expense will be noticed when your accountant reconciles your bank statement. It is an expense.
@@ Line 56: / Line 56: @@
 There can be a situation where there is an existing authorization on a customer's card, but it is not attached to any order. If you see an authorization in your credit card processor's portal and the order it should be on has no payment or a cash payment this can be corrected.
-When the Closeout Report is run at the end of the day no authorization will be captured that is not connected to any order.
+When the Closeout Report is run at the end of the day authorizations that are not connected to an order are not captured.
 An owner can manually capture the authorization in the credit card processor's portal. That way it will be included in the nightly credit card processing batch file with the other transactions. Then mark the order as paid on Account. This will keep the Cash Reconciliation in the Closeout Report accurate. The credit card deposit listed on the closeout will not be correct.