Setting up credit cards
About setting up credit cards
- Set up a new vendor type
- From the Setup
menu, click Vendor Types.
- Click the New
- Enter a description that identifies this vendor type
as being used for credit cards. For example, you may enter Credit
- Select the Credit card
vendor check box.
- Click Save.
up a vendor for each financial institution issuing you a credit card.
By setting up a vendor, you can then pay the financial institution as
you would any other vendor.
On the Vendor window > General
tab, in the Vendor Type field, be sure to select the new credit card vendor
type that you just set up.
||If you already have a vendor set up for credit cards, change the vendor
type for that vendor.
up a bank account for each credit card. By setting up a bank, you
can then track and reconcile statements.
On the Bank Account window, do
- On the General
tab, in the Account Type field, select Credit
Card. In the Vendor field, select the vendor.
- On the Accounts
tab, select accounts in the Payable Account, Late Charges Account, and
Interest Charged Account fields. By making these selections, you instruct
Ajera where to post general ledger entries for these items.
Set up a separate Payable account for each credit card.
- If your beginning balance
trial balance includes balances for credit cards, enter
beginning balances for credit cards.
If you are currently entering
credit card information through Manage > Vendor Invoices and carrying
a balance forward, continue paying the invoice as you go forward.
Start entering new credit card transactions
with your next statement through Manage > Bank Register.
balances for credit cards
Entering credit card
Reconciling a credit
Setting up employees