How To: Using Multiple G/L Accounts for Credit Cards/E-Checks (02-18-14)
Overview
The End of Day Cashout selection allows you to separate the credit card fields by credit card type. However, this requires more than one G/L account to be set up for credit cards.
If your company uses separate G/L accounts for some or all credit card types (Visa, MasterCard, American Express, etc.) and/or your company uses a separate G/L account for electronic checks (e-checks), you must complete the two steps described below.
NOTE: If this is not applicable to your company, skip this setup.
Step-by-Step
Click image to enlarge.
- Using the G/L Account Title selection (02-18-07), set up G/L “buckets” for e-checks and credit card types.
IMPORTANT: You can set up eight account titles in this selection. However, credit cards and e-checks can only use title numbers 1-5. Numbers 6-8 are reserved for miscellaneous entries (i.e. misc. expenses, office supplies, postage, etc.).
Click image to enlarge.- In the G/L Account Number selection (02-18-06), assign each bucket to the appropriate G/L account.
- Set up End of Day Cashout Preferences. Follow the steps described in the Setting Up End of Day Cashout Preferences tutorial.