- Add a new Check ID to be used on vouchers paid with a credit card.
- Add a new AP liability (possibly 0601) account that will be used as the cash account on vouchers paid with credit card.
- When the vouchers to be paid with credit card are entered, they will need both the CC Check ID and CC cash account specified on the vouchers. So, user that is entering needs to be able to override default values for these fields (not specified as read-only on the user?s group).
- For the vendors that will be paid by credit card, in Vendor Master File, you may want to use the Wire Transfer checkbox. When this is checked on the Vendor Master File, vouchers are entered for this vendor will automatically be marked as paid by wire transfer.
- For reconciliation purposes, timing of entering/paying vouchers paid by credit card should be considered.
- Need to consider what report is used for board approval of payments and how these vouchers paid by credit card will be included.
Credit Card Payments On Vouchers
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