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Q: How do you reconcile payment transactions?
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How you reconcile payment instructions and transactions in payment plus?

Online auto matched. You match the exceptions


How do you reconcile payment instructions and transactions in payment plus?

Online auto matched. You match the exceptions


How many type of transactions are there?

Two types of transactions: Cash Transactions- Where payment is made immediately by cash or cheque. Credit Transactions- Where the goods or services hands immediately but payment take place at a later time.


What is difference between a cash payment journal and a purchases journal?

a cash payment journal is used to record only cash payment transactions where as the purchases journal is used to record ONLY purchases on account transactions


What is the source document for all cash payment transactions?

A check


What methods of payment are accepted at Winco Foods?

Cash, checks, debit, WIC and EBT transactions as forms of payment.


Purpose of using Payment Voucher and Receipt voucher in Financial Transactions?

The main purpose of using a payment voucher and receipt voucher in financial transactions is proof that a payment has been made and received. This provides both parties with documents that prove that a transaction took place.


What is the payment gateway and it's architecture?

A payment gateway is a service that processes credit card transactions for online and offline businesses. Its architecture typically involves secure connections between the customer, the merchant's website, the payment gateway, and the financial institutions involved, ensuring encryption of sensitive data and authorization of transactions. The gateway acts as a bridge between the merchant's website and the payment processor to securely authorize and facilitate transactions.


What is a bank account that permits direct payment to a third party?

Transactions Account


What does PvP mean in banking?

PvP in finance means 'Payment vs Payment', a method used to settle transactions. The opposite of PvP is DvP (Delivery vs Payment)


What is the term for a bank account that permits direct payment to a third-party?

Transactions account


What did Scrooge's clerks do for jobs?

Fill in ledges and payment books and keep accounts of business transactions