Adding credit cards into Interprise
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Posted 9/11/2009 8:53:15 AM Post #269
 

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I'm pretty sure I did this correctly...but I want to make sure:

I setup a Liability account in COA for 'Chase Credit Card'. I then added a Bank / Bank account for 'Chase' and set the Account Type as 'Checking Account' (I couldn't find Credit Card) with Account Code 'Chase Credit Card' (the same as the account I set in COA).

When I pay suppliers with this account this account goes is negative. I understand that this is probably the correct behavior but I'm used to Quickbooks way of reversing the account. It's not a huge deal either way...I just want to make sure it's setup correctly.

Thanks
Posted 8/11/2011 11:19:17 AM Post #376
 

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good post, thanks for post

I in-full decided to check fair help with coursework roundly, which mostly will offer me with moral and novel runs.
Posted 11/9/2011 2:30:29 AM Post #393
 

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Interesting to get an information on credit cards. Thanks.


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Posted 11/23/2011 4:22:04 AM Post #398
 

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Is it necessary to have an COA account for keeping track of credit card.

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