About 4-7 Credit Card Management

Accounting for your business credit cards is now tightly integrated into your business accounting. Features include setting up accounts, entering receipts, reconciling statements, and paying your credit card bills.

• 4-7-1 Card Issuer Accounts.Add credit card issuer accounts in your general ledger in the Current Liabilities range of accounts. Return to this window to edit issuer account information. When you set up issuer accounts you are prompted to add credit cards as subaccounts for the issuer accounts.
• 4-7-2 Credit Cards.Add credit cards as subaccounts of the card issuer account. You can add one card or multiple cards to one issuer account. Return to this window to edit credit card information.
• 4-7-3 Credit Card Receipts.Enter the data from hard copy credit card receipts. You have a choice of entering a vendor or not. If you enter a vendor, the program creates a paid accounts-payable invoice and a general ledger transaction. If there is no vendor on the receipt, the program only creates a general ledger transaction.
• 4-7-4 Recurring Credit Card Charges.If you have charges with a constant recurring amount, enter them in this window. This amount is charged to your credit card on a regular basis.
• 4-7-5 Reconcile Credit Card Accounts.Verify credit card charges and payments. When you review your statement, the program organizes the information for each credit card by issuer account and by credit card. Payments are listed at the top of the grid. If there is a question about the charge or payment, you can click a link to go to the transaction. The program also provides a way to add transactions “on-the-fly” right from this window.
• 4-7-6 Pay Credit Cards.Sends credit card payment information through your general ledger accounting. Creates a ledger transaction in 1-3 Journal Transactions. You can then print a cheque in 1-1 Cheques/Bank Charges if you use “0000” for the transaction number.