The Batch Clearing Account is used to auto-clear your Shogo accounting posting for your sales vs. the posting for your Batch Deposits; as these can often occur at different times, this account allows for Shogo to post your sales independently from your Batch Deposit posting. This is typically mapped to a special purpose clearing account of type "Other Current Asset" in your accounting system. Shogo does not recommend mapping this to a bank account or an Undeposited Funds account.

Shogo posts a Sales Journal and a Payment Journal entry each day for customers that are netting their fees daily.  If the fee/deposit breakdown isn't yet available from the POS provider, Shogo will place the Payment accounting entry into a "BatchHold" status and will retry loading your payment/batch information for the next 7 days.  While the Payment entry remains in "BatchHold" status, Shogo will still post your sales accounting by utilizing a clearing account, and relieving that clearing balance once the payment entry posts.  "CC deposit" refers to the deposit made in to your bank account for sales paid for by Credit Card.  

BatchHold Posting Schedule by Region:

Toast provides fee data and you can expect your fee detail and Payment Journal to be posted within the timeframes shown unless there is a delay in all data processing. Weekends are processed on the same day as a single batch. Toast bundles Friday, Saturday and Sunday as a single weekend batch.

Toast Fees US-Payment Journal posts fees the same day as the Sales Journal.

Toast Fees Canada, UK, and Australia Payment Journal posts fees the day following the Sales Journal posting.

For further information on the Batch Clearing Account and how Shogo handles BatchHolds please Click Here