Sage AP Credit Card Management Guide & Help

Posted by Accounts Pro98
1
Feb 20, 2020
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                                        Sage AP Credit Card Management 

Credit Card Management in Sage. Is there some report to help see how charge cards are overseen through AP?  Not certain how the Credit Card highlight functions, yet entering GL data is fantastically tedious and I think there must be a superior way.  AP Credit Card Management sometime needs some extra cautious for GL account entries, you can consult with the experts, Sage Accounting Support Number when something goes wrong. New to this Sage City and the alternatives for class and sub classification don't appear to coordinate with this, yet the best decisions I think.  Overseeing charge cards is no simple undertaking, and turns out to be considerably more troublesome when we need to deal with various cards for an organization.  That is the reason we have assembled a lot of Credit Card Management devices into the Accounts Payable module in Sage Contractor. This permits you to both enter receipts on the fly and utilize those equivalent cards to pay solicitations previously entered. Just an exchange starting with one merchant then onto the next. On the off chance that we had the option to set up Mastercards as Vendors and imprint them as Mastercard merchants this would be useful. We could then exchange solicitations for the genuine merchant for the buy (for example a lodging or aircraft) to the charge card merchant Visa, Master Card, and so on in this manner keeping A/P in balance, keeping the GL postings right for the buys, yet as yet permitting us to take care of the Mastercard tab by means of check or electronic installment. It is safe to say that you are utilizing the apparatuses as of now in Sage to deal with your Credit Cards? Managing Credit Cards through Account Payable in Sage.  Assuming this is the case, how has that helped you deal with the data? If not, how are you dealing with your Card data inside Sage ? Love the new Mastercard module. I just wish the installments were prepared through AP and not GL. It would be pleasant if Enter Recurring Charges gave you matrix lines to post to numerous GL accounts like in. The Sage Knowledgebase has a few articles encompassing this. Start with article How would I set up and use Credit Card Management in Accounts Payable?. 


How To Fix  Sage AP Credit Card Management

  • Sage 100 Credit Card Management
  • Sage Credit Card Services
  • Sage Processing Credit Cards
  • Sage Credit Card Processing Fee
  • Credit Card Management Software
  • Credit Card Management App

What Accounts Transactions Are Created By Credit Card Management In AP?

Products: 

  1. Sage 300 CRE

Country: 

  • North America

Description: 

  1. Bookkeeping exchanges made with Credit Card Management in Accounts Payable.  
  2. What GL accounts are influenced by AP Credit Card Management? 
  3. What passages are made by AP Credit Card Management? 
  4. What GL sections are make with Credit Card Management?



Resolution: 

Use the table below to follow the General Ledger transactions created when using Credit Card Management:

Task: 

  • Enter receipt. 
  • Record installment with Mastercard. 
  • Make receipt by means of Verify Statement Balance. 
  • Misc Charges and Fees included Create Invoice. 
  • Pay Mastercard merchant receipt.

Debit Account: 

  1. Cost. 
  2. Records Payable. 
  3. Charge card Payable. 
  4. Cost. 
  5. Records Payable.

Credit Account: 

  • Records Payable. 
  • Visa Payable. 
  • Records Payable. 
  • Records Payable. 
  • Money. 

Note: A different Credit Card Payable record can be arrangement in General Ledger and entered for the in the seller arrangement (AP Setup, Vendor, Terms and Default tab, Credit card payable). On the off chance that you don't have a different payable record for Visas, the Credit card Payable record (File, Company Settings, AP Settings, GL Entry Settings) is utilized, in any case the Accounts Payable record (File, Company Settings, AP Settings, GL Entry Settings) is utilized. 

  1. Existing receipt: The GL Accounts Payable record is recovered from the receipt dissemination, isn't accessible in the circulation network and can't be changed. 

  3. New receipt entered during Record Payments with Credit Card: Although the GL Accounts Payable record is relegated as the payable record on the receipt conveyance and the AP exchanges, no GL sections are made to the Accounts Payable record as it is a net zero passage to GL a charge and credit to the record.

How To Pay AP Sage Invoices By Credit Card

This permits you to pay AP Transactions by means of Visa. It moves the AP Account to a Suspense Liability Account. At the point when the financial record shows up, you can enter and pay the financial record which evacuates the Suspense Liability Account. 

Setting Up the Process

  • Make a Liability Trading Account Suspense Account.
  • Go to General Ledger/GL Accounts/Accounts.
  • Type in New GL code to make. 
  • Right now, made GL Account 2020 to go about as the Suspense Account.

Credit Card Management 

To Pay an AP Invoice with Credit Card 

Go to Accounts Payable/AP Transactions/Payment Batch List:  

  1. Make a New Batch by clicking New Button.
  2. Pick Vendor you are going to pay by means of Credit Card.
  3. For the Payment Code, Select Payment Code Created for CC Payment. 
  4. In our model, we made VISA CC. 
  5. For Other Account, Select the GL Suspense Account. 
  6. In our model, we made GL Account 2019. 
  7. Select Invoices to pay by means of Credit Card. On the Lines segment, it will demonstrate Yes to what you've chosen Post it. 
  8. This exchanges the Liability into another Liability GL Account. AP to AP Suspense Account on GL. 

How To Setup Sage AP Credit Card In Management 

Credit Card Bank To AP Management Sage Vendor. As more organizations use Visa to pay merchant solicitations we have been making banks for those charge cards. Paying with a Visa is only a check run from the cc bank. The bank resource account is set to a clearing account. In any case, you at that point need to enter the AP sum in the cc merchant represent the sum. This must be done physically. I suggest that we set the bank so it creats the AP section to the cc seller with the check is prepared from teh cc bank. After all there is no decrease is obligation or money. Keep the invoice location separate on Sage 50 Cloud Hosting which help you to build AP CC management more strong.  As noted above - other Sage items have this capacity why not Accpac? How would we rival QuickBooks if the organization utilizes charge cards to pay for loads of buys? The work-an adjusts in Accpac are difficult.  Recording Purchases Made Sage AP Management by Credit Card. The accommodation and security, also the different advantages, related with utilizing a business charge card make plastic an alluring installment alternative for business everything being equal. Business Visas can help drive computerization and effectiveness all through the installment cycle, rearrange installment preparing and improve income and estimating. Nonetheless, one trouble in utilizing charge cards for business buys is accommodating the buy through your bookkeeping framework. The bill originates from the Visa organization, yet the Mastercard organization isn't generally the merchant. For planning and assessment detailing purposes, you might need to follow the real seller engaged with the exchange.
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