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Online credit card processing brings its own complexity to the accounting world. You may be using a shopping cart software application or an online credit card processing company, but you still need to integrate the credit card data into your accounting module.
In many cases, your accounting software program will be able to synch up to your online bank account data - which should be pulling in your credit card credits and debits. The key is to ensure that you watch the charges associated with the credit card processing service and ensure that the right money is coming in and going out.
A credit card processing tip: By optimizing your credit card processing, you will end up saving money by ensuring that your cost per transaction remains stable.
|Jennifer Mathes, Ph.D.|