Essay
Books Ga'Lore! Online Payment Deposit Narrative
To deposit online payment deposits, Books Ga'Lore! sends a request for a daily credit card batch summary file to the credit card company at a scheduled time. The credit card company sends the file and transfers the funds to Books Ga'Lore!'s checking account. Books Ga'Lore! receives the batch file. The bank records the deposit in Books Ga'Lore!'s checking account. Books Ga'Lore! verifies the credit card batch summary file matches the customer payments and then records the deposits.
Books Ga'Lore! uses the following database tables: Customer, Accounts Receivable, Undeposited Funds, Cash Receipts, Checking Account, General Ledger
-Annotate the Books Ga'Lore! Online Payment Deposit narrative.
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