How to Pay Payables Using a Credit Card

How to pay Payables using a Credit Card

SETUP

1. Setup a Credit Card Payable General ledger account number

   1. LDG > Maintenance > Chart of Accounts > 1. Add New Accounts

      1. 

2. Setup a new bank code

   1. BNK > Bank Account > Bank Maintenance

      1. 

3. In the SJI, setup the system account to hit the Credit Card Payable Account

   1. SJI > System Accounts > Bank

      1. 

PROCEDURES

1. When a payable is keyed that can be paid by credit card, create the disbursement to pay the voucher using the new bank code created in step 2 of setup

   1. Note: Make sure to print to plain paper, do not print an actual check since this is being paid by credit card, not check

   2. 

2. When the credit card bill is received at the end of the month period, create a manual voucher coded to the credit card payable account for the bill

   1. Create the manual voucher in ACP > Vouchers / Credit Memos > Voucher Maintenance > Add a Manual Voucher

   2. 

3. Create the disbursement for the credit card bill manual voucher using normal bank code

   1. 

4. Reconcile the transactions in the credit card bank once the credit card bill has been paid