Sage 100

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  • 1.  Credit Card Processing in Sage 100

    Posted 09-30-2020 10:38

    What's the best method to get the credit card settlements into the bank rec?  I believe the initial transaction gets posted to a credit card receivable GL account and then the user enters a cash receipt to transfer amounts from the credit card receivable account to the cash account.  Can someone provide some more detail on exactly how the Sage 100 cash receipt that transfers the settlement amount from credit card receivable to cash works?  Do you use a fake customer number?

     



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    Doug Higgs
    Midwest Commerce Solutions, Inc
    (312) 315-0960
    Assistant to the Traveling Secretary
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  • 2.  RE: Credit Card Processing in Sage 100

    Posted 09-30-2020 13:38
    Use customer number xx-CASH or just CASH if divisions not in use.

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    Eric Lunceford
    First Mate Business Solutions
    Oklahoma City, OK
    877-880-8960
    https://www.firstmatellc.com/
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  • 3.  RE: Credit Card Processing in Sage 100

    Posted 09-30-2020 13:40
    Makes sense.  Thanks @Eric Lunceford


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    Doug Higgs
    Midwest Commerce Solutions, Inc
    (312) 315-0960
    Assistant to the Traveling Secretary
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  • 4.  RE: Credit Card Processing in Sage 100

    Posted 09-30-2020 13:53
    A GL Transaction Journal Entry would work too.

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    Nancy Hanson
    Blytheco LLC
    Eagan MN
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