Finance > Maintenance > Credit Card > Reconciliation

After all credit card transactions are entered, reconcile the credit card statement to the credit card transactions.

❏ Use the following fields to begin the reconciliation process:

• In the Vendor field, select the credit card vendor (company).
• In the Credit Card Code field, select the applicable credit card code to retrieve all transactions that were entered for that credit card.
• In the Statement Balance field, enter the credit card balances from the credit card statement.
• Proceed to reconcile the credit card transactions. As returns/payments or charges are selected, the balance and the check amount totals are updated.

❏ Click Save as Pending to save and then when finished, click Reconcile.

During the reconciliation process in the next month, the payment transaction(s) to the credit card company will be displayed on the Finance > Maintenance > Credit Card > Reconciliation tab.

Expenditure:

After you click Reconcile and the credit card statement is reconciled, a PA is created for the credit card company on the Finance > Maintenance > Postings > Check Processing - PA tab.