Credit card batch cycle
Settling the credit card system at midnight each day would greatly improve your credit card processing customers ability to reconcile each days payments. We understand that payments are accepted through your system 24/7 but this solution wouldn't interfere with payments being made. Anything up to 11:59:59 would be on one days settlement and everything after 12:00:00 would be on the next. Most businesses reconcile their payments on a regular basis and the current system that allows for multiple days purchases to be on the same batch leads to a larger amount of time and effort needed to match transactions for balancing.
Anonymous
shared this idea
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Alanna Koltermann commented
Donnelly Family Dentistry, s00119090, also wants this feature. Being able to end a batch at the end of day will smooth out the record keeping. So everything matches up in Eaglesoft, and Weave and bank: dates, amounts, etc.
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Anonymous
commented
Weave payments made after the closing of the day need to be included on the next day's payment reports so it would help if you could choose a date range with a time range that would exclude payments made earlier in the day.
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Mendi Green
commented
At the end of each day, I close out our "day sheet" and confirm that all credit card processing posted to our operating system, PBS, matches the credit card payments that were processed on that date. I need any credit card payments made after our close of business to be processed on the next day so that our day sheet and credit card payments are balanced.