How to post credit card transactions

Create a credit card bank account

1. Create a bank record and ensure the 'A/C Type' is a Credit Card Account.

Post a bank payment for a credit card

1. When you pay for something using your credit card, post a Bank payment from the credit card account. This creates a credit card payment (VP) transaction. 

Post a supplier payment for a credit card 

1. If you have your credit card set up as a supplier and receive an invoice, post a supplier payment to pay it off.

Paying off your credit card

When you receive your statement, you can make a payment from your usual bank account. You then transfer the amount to reduce the credit card balance.

1. Go to Bank accounts and select Bank transfer.
2. Complete the Bank transfer window as follows:

   From	Enter the bank account code that you paid the credit card from. For example, 1200.
   To	Enter the credit card bank account code.
   Date	Enter the date for the transaction.
   Ref	If required, enter a reference for your transaction.
   Ex. Ref	If required, enter an extra reference for your transaction.
   Department	If required, enter a department number for your transaction.
   Description	Enter the details for the transaction.
   Payment Value	Enter the amount you’re transferring.

3. Press Save then Close.

Receive a refund

To record a refund to the credit card account, post a Bank receipt. This creates a credit card receipt (VR) transaction.

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