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:
❏ 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:
199-00-2110-01-000-200000 | Debit | |
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 > Check Processing - PA tab.
It is helpful for tracking purposes to enter the statement date in the Invoice Date field and the statement month as the Invoice Number.