When you have one corporate credit statement, but each salesperson has a card under this umbrella, e.g., the last four digits of the card are different, do you still create one corporate credit card and add each user to this master card?
Or do you make a separate corp card for each user? Then by pointing to the same cash account, will all cards end up pulling into the one credit card statement for reconciliation?
Thank you.
Best answer by jessicaASA
View originalThat is what we did and it works great. We have 7 credit cards that roll into one master statement. We created one credit card payment method in Acumatica and named it after the issuing bank (such as “CHASEVISA”). We also have a matching cash account that we use for the statement reconciliation. The cash account has the same name. All of these transactions flow in and out of a GL we titled Credit Card Charges Clearing. When we navigate to the bank reconciliation screen and select the proper cash account, all released transactions that used the CHASEVISA payment method populate for reconciliation, regardless of which individual card was used.
Note that in addition to using the statement on the Banking reconciliation screen, we also enter it as a bill in the Payables module. We enter the total amount due as one line and code it to the Credit Card Charges Clearing GL.
Thanks for clarifying that
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