4-7-1 Card Issuer Accounts

Sage 100 Contractor credit card management begins by creating an issuer account for each entity that issues cards. For example, banks issue credit cards such as Visa®, MasterCard®, and so on. You can also have oil company credit cards or store credit cards for your employees.

At the bottom of the 4-7-1 Card Issuer Accounts window, there are two buttons, Add Card Issuer and Edit Card Issuer.

The Add Card Issuer window provides a link that opens the Ledger Account window in read-only mode so that you can see which account number to enter. After you have chosen an appropriate general ledger account number, enter it in the Issuer GL Account box to create the account.

When you enter the information to add an issuer account, the program creates a credit card issuer account in your general ledger in the Current Liabilities range of accounts.

When you set up issuer account and click Save, you are prompted to add credit cards as subaccounts of the issuer accounts.

Note: Adding a new card issuer account can be done directly in 4-7--1 Add/Edit Issuer Account > Add Card Issuer. There is no need to use 1-7 General Ledger Accounts.

Adding card issuer accounts

Before you can add a credit card to your accounting, you need to enter information for a credit card issuer account. Adding a card issuer account creates a general ledger account for this credit card issuer.

Note: Adding a new card issuer account can be done directly in 4‑7‑1 Add/Edit Issuer Account > Add Card Issuer. There is no need to use 1-7 General Ledger Accounts.

  1. Open 4-7-1 Card Issuer Accounts, and click Add Card User.
  2. In the Issuer GL Account box, enter a general ledger account number in the Current Liabilities range.
  3. For more information about available accounts in the Current Liabilities range, click the View existing accounts link.
  4. The Ledger Accounts window that opens is for viewing accounts only. If you open the Ledger Accounts window, you need to close it before you proceed.

  5. In the Issuer Name box, enter a name.

    For example, you could use the name of the card issuer, such as “My Bank—Visa.”

  6. In the Payee box, type the name of the entity to whom you send the credit card payment cheque.
  7. Enter information in the other boxes, as needed.
  8. Click File > Save.

Editing card issuer account information

Use this window to edit information about the credit card issuer.

Note: You cannot edit the information in the Issuer GL Account box. If you need to delete a ledger account, see Deleting ledger accounts for more information.

  1. Open 4-7-1 Card Issuer Accounts.

  2. Select an issuer account that you want to edit, and then click Edit Card Issuer.

    Note: Inactive credit card accounts and subaccounts are not available for selection.

  3. In the Issuer Name box, edit the name.
  4. Edit information in the other boxes, as needed.
  5. Select File > Save.