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Trace: • Reconcile the credit card statement
general:ccprocess_reconcileccstatement

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general:ccprocess_reconcileccstatement [2023/05/01 15:34] – emorenogeneral:ccprocess_reconcileccstatement [2023/05/03 14:18] (current) – emoreno
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 After all credit card transactions are entered, reconcile the credit card statement to the credit card transactions.   After all credit card transactions are entered, reconcile the credit card statement to the credit card transactions.  
  
 +{{:general:ccprocess_financeposting-recon.jpg|Finace Credit Card Reconciliation Tab}}
  
 VCV Use the following fields to begin the reconciliation process:  VCV Use the following fields to begin the reconciliation process: 
  
   * In the **Vendor** field, select the credit card vendor (company).   * 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 have been entered for that credit card.  +  * 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 statement balance.  +  * In the **Statement Balance** field, enter the credit card balances from the credit card statement.  
-  * Proceed to reconcile the credit card transactions. As charges or returns are selected, the balances and the check amount below are updated.  +  * Proceed to reconcile the credit card transactions. As returns/payments or charges are selected, the balance and the check amount totals are updated.  
  
-VCV Click **Save as Pending** to save and then when finished, click **Reconcile**. During the reconciliation process in the next month, the payment will be displayed on the Reconciliation tab. After you click **Reconcile**, a PA is created for the credit card vendor.+VCV 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:creditcard:reconciliation|Finance > Maintenance > Credit Card > Reconciliation]] tab.  
 + 
 + 
 +{{:general:ccprocess_reconciliationreport.jpg|Credit Card Reconciliation Report}}
  
  
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 |199-00-2110-01-000-200000|Debit|  | |199-00-2110-01-000-200000|Debit|  |
-|199-00-2110-01-000-200000|  |Credit| +|199-00-2110-00-000-200000|  |Credit|
   
 +
 +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:checkprocessingpurchaseauthorization|Finance > Maintenance > Postings > Check Processing - PA]] tab.
 +
 +
 +{{:general:ccprocess_cccheckprocessingpa.jpg|Check Processing - PA Tab}}
 +
 +<WRAP center round tip>
 +It is helpful for tracking purposes to enter the statement date in the **Invoice Date** field and the statement month as the **Invoice Number**.
 +</WRAP>
  
  
general/ccprocess_reconcileccstatement.1682955260.txt.gz · Last modified: 2023/05/01 15:34 by emoreno

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