Our CC machine company sends my bookkeeper a single amount per batch of credit card transactions. Is there an easy way to split that entry to allow for reconciliation? Thanks
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We are working on the module account_deposit. It will allow to handle deposit tickets and credit card batches. We'll write a blog post when it's ready. Stay tuned. In the meantime, you can follow the development here: https://code.launchpad.net/~openerp-dev/openobject-addons/trunk-account_deposit-jam. It is a work in progress, so no need to test or report anything for now.
You should have:
- 2 journals: CC payments, Bank
- 3 accounts: customer receivables, CC, Bank
Then:
- when the customer pays with a credit card (upon reception of a confirmation email by the CC company): pay and reconcile the invoice with the journal "CC payments". (receivables -> CC)
- when you record your bank statements, when you have a batch of payments, you do a transaction and record the CC fees at that time (CC -> bank)
Yoy may (or not, it's not required) reconcile the CC account, depending if you trust or not the CC company.
Might I goto a Journal Entry and trash the transfer and manually separate it as different line items for each transaction?