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Does Cash Management account for credit card receivables in the SLB reconciliation process? How will these funds be handled?

April 26, 2017account cash credit card funds handled Management process receivables reconciliation slb

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Does Cash Management account for credit card receivables in the SLB reconciliation process? How will these funds be handled?

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The interface from credit card companies to PeopleSoft will not be implemented in this phase. Credit cards are out of scope for this phase of the project. However, the bank card deposits would go into the agency main depository account and then be ZBA’d into the main concentration account like any deposit.