How to reconcile a credit cards clearing account

The Accounts Receivable and Cash Operations (ARCO) office posts to each merchant's clearing account all the funding activity from UCSD bank accounts, including charges and fees. Reconciling the merchant's clearing account is confirmation that all processed (authorized and settled) transactions have been funded (showing as 'credits' on the clearing account). Documents supporting the processes transaction can be cashier's recaps at the merchant's location, reporting from online processors or gateways, etc. After matching transaction against funding recorded in the clearing account, then such funding can be transferred to departmental revenue accounts.