Charging Using the Card
The payable and check posting must occur on the same date for reconciliation purposes.
Using the receipt from the credit card transaction, create a Payable choosing the Vendor that the goods were purchased from. Post the Payable on the same day that the credit card was used. Each Credit Card swipe must be entered as a Payable.
For services; rent, furniture, electric, etc. these items may be processed using the Batch Posting process.
This process will notate the expense in the correct expense account and the correct vendor.
