I can not seem to get the sage Credit Card entries to show up in Bank Reconciliation, I have changed the setup for Credit Cards, but can not seem to get them to show. Has anyone had success with this.
I am guessing you do not have the process down correctly: (1) Setup your payment type maintenance with type credit card and the GL account for the asset. This is NOT the GL account for the bank, it is for the credit cards in transit account (otherwise known as the credit card clearing account). (2) When you post invoices and cash receipts to credit cards, they debit the credit card clearing account and either credit sales or A/R depending on where they are coming from (SO or AR). (3) When you settle your transactions in SPS, or if you are on auto-settle, you record your settlement in MAS with either a transaction journal entry or a cash receipts entry to move the money from the credit card clearing account to the bank account (and thus to bank rec). Dawn
