Credit Card Setup

Table of Contents

Overview

Before beginning to use the credit cards in TRX Enterprise you must first set them up in the Credit Card Master screen. It is in this screen that you will define all the pertinent information for every credit card you would like to use in A/P. In this screen you can both edit existing cards or enter new ones. Place a check in the active box if you would like to have this available as an active account, remove it if it is inactive.

Detail

  • Select Credit Card – If you need to edit an existing card you would select it from the pull down menu

  • Credit Card Number – this is the field that you would enter the credit card number

  • Credit Card Type – Enter type of credit card, (Visa – MasterCard – ETC.)

  • Credit card Description – A brief description of the credit card would be entered in this field.

  • Vendor – Enter the vendor name for this credit card. This will have to be already set up as a vendor account so you can use the F9 key to find a vendor, if not you will need to create one.

  • Bank Account - Enter the bank that will be used for credit card payments, you may want to create a bank specifically for credit cards.

  • Liability Account – Enter the liability G/L account number to be used for this credit card.

  • Interest expense - Enter the interest expense account to be used for this credit card account.

  • Last Check Number - leave this field blank during new card setup.

  • Last Statement Date – This will be the date of the last statement from the bank.

 

  • Credit Limit – enter the credit limit for this account

  • Balance Due – this is the manually entered balance that is due on the card.

  • Date of last Transaction – This is the last recorded transaction on record for the card

  • Pending Payments - Total of all pending payments for this account

  • Charges since statement – TRX will total any charges entered into system after the last recorded statement date

  • Payments since Statement – TRX will total any payments made to this card since the last recorded statement date.

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