Definition
A batch is a set of transaction grouped together, summed up, and usually reconciled against other records. The results are then typically entered into a main accounting system in the general ledger. Typical batches include: a payment batch that collects all cash and paper check payments received by a registrar; all payments made by electronic check and submitted to an online processing system; a set of credit card transactions that matches (roughly) the processor’s batch collection; a set of voided payments collected by the CircuiTree system automatically; and collections of transfers from one registration to another. Batches may be closed from individual record or from a management screen, and the contents of past batches may be examined through management tools.
Examples
- Paper check batch submitted by a registrar
- Electronic check batch
- Credit card batch
- Transfer batch
- Void batch