Why does a payment made through Paystand get "stuck" in the Paystand clearing account?

Payments initiated through Paystand are initially reconciled at the Paystand Checking account.

This is because Paystand functions as a bank during the transfer of funds. Once the funds settle within Paystand, the reconciliation of payments occurs at the Paystand Checking account, as Paystand maintains visibility over the balance of funds held within its platform.

Upon reconciliation in the Paystand Checking Account (Sage), the system generates a Journal Entry (JE) reflecting the amount deposited by Paystand into your actual bank account.

The JE credits PS Cash and debits your operating account with the amount of the deposit, ensuring accurate accounting and reconciliation processes.

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