Hi!

I have a question regarding recurring credit card billing.

We currently use quickbooks and up until a few months ago, we invoiced customers the old fashioned way -- with a postage stamp!

We use card services international for our credit card processing company and we now do regular monthly billing on credit cards.

My question is: How do you balance these at the end of the month?

Currently, I mark customers paid as their credit card is charged. But when I balance my bank statement with my merchant account with my quickbooks, nothing matches up because everything is processed in different batches than what I have marked them paid in. (does that make sense)?

Anyone else have this problem? Is there a more efficient way for me to do this? :confused:

Thanks!!

--roseanne

I wrote my own billing system to integrate with my credit card processor for 100% automation. It will then check my bank logs to see if it has been deposited.

yep

You can do one of two things.
first the totals should be the same. for your entries as well as the bank entries. If it isn't you should incorporate all the fees made by your payment processor(for processing the charges), into your quickbooks entry.
Alternatively, you should contact your processor and ask them what batches they process the payments in and then update your entries to that too.
Hope that helps if it doesn't give me more details of why they do not match..should be able to help you... I use quickbooks as well and have not had a problem.
:)