How book credit card payments

[Leonard Lin-2]

Hi,

I've been trying to figure out how the accounting part of the payment
processing works.
Specifically how to book incoming credit card payments from "In Transit"
to my Bank Account.

I was able to get it to work that,
If an order is created that also an invoice is created and that payments
can be applied to invoices.

On the accounting side:
- Accounts Receivables: are build.
- Accounts Receivables - Unapplied Payment: are built up after payments
have been applied
- After that I saw that the money is book on the account "122000 IN
TRANSIT FROM CREDIT CARD PROCESSORS", which is correct. It usually takes
a few days until the money is actually transferred to my bank account.

What I couldn't figure out is, when the cash is paid into my bank
account how to move the money from "122000 IN TRANSIT" to "111100
GENERAL CHECKING ACCOUNT".

Is there a service I can call to initiate such a booking. Ideally I
could specify which transaction-id has been paid.

Thanks in Advance for any help

Best
Leonard

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Leonard Lin
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1136 N Larrabee Street, Apt 425
West Hollywood, CA 90069
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Am Pfisterhölzli 2
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Switzerland
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