eradio:
In regards to viewing the credit cards in DB..where do I enable that? I didnt see it in the admin area..
Admin > Modules > Payment
Select the payment method of your choice and click "Edit". Typically on the screen that follows, you are given the opportunity to save CC information to the database.
eradio:
When an order is placed, does it sit in the admin area as "pending" until it an admin processes it?
You can set to to just about anything you want (from within the Admin). THe default is all orders are "pending" until they are either processed manually by the Admin (and then set to something other than Pending) OR, until the automatic payment notification is received from the payment gateway you choose (if using real time cc processing).
eradio:
And Can the orders be edited before processing..lets say one ore more items is not available and needs to removed from the order?
Yes. Orders can be edited, however, keep in mind that if you are using real time cc processing, you will want to make sure users can NOT order products that are out of stock. Otherwise, you'll end up not only processing a lot of returns, but making your customers and merchant processor very unhappy.
eradio:
One more..Is there a 3rd party module to increase sales reports and tracking data?
There are a number of add-ons available for all kinds of tracking etc.. in the downloads section of Zen Cart. They are scattered, but you will probably find most within the "Admin" category.