Sage 100

Has anyone tried setting up a credit card as a bank and using bank reconciliation to reconcile it?

@JerryNorman has a write up on this, I believe.

Someone I spoke to just the other day mentioned doing that. And has been doing it for a while.

Yes. It seems to work pretty well.

It works well, but it has limitations. I haven't been able to figure out how to write a check to pay the credit card from Bank Cash and also have that appear as a Deposit in the CC Bank. So I just enter a BR Adj equal to the payment to enable reconciliation. Also, if your employees regularly pay company invoices with a non-dedicated cc, you can set up a single company CC Bank. The employees submit a monthly invoice to the company for their charges, and you enter the invoice amount as both an AP Invoice and a BR Adj or Dep. You then have several reimbursement invoices to pay from cash, and the corresponding BR line to ensure all are covered.

What @JerryNorman says. Some of the people I know pay their credit card with an ACH, so we just record it as a transfer between accounts.

Thanks @JerryNorman - I was curious how others were accomodating the whole check to pay a credit card piece

Happy to help!