V6.1 Paying vendors via credit cards

Yahoo Archive
1
We are on 8.03, so I don't know if this works in 6.1. We set up each credit card as a bank account. So, if we pay a vendor with a credit card, we just create a payment against the credit card instead of one of the cash accounts.

Thom Rose
Controller
Electric Mirror LLC
HOTEL LUXURY

"The World Leader in Back-lit Mirrors & Mirror TV Technology"

T 425 776-4946
A 11831 Beverly Park Rd, Bldg D, Everett, WA 98204 USA
www.electricmirror.com<http://www.electricmirror.com>

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of dupagejoe
Sent: Thursday, March 11, 2010 10:03 AM
To: vantage@yahoogroups.com
Subject: [Vantage] V6.1 Paying vendors via credit cards



I know this was covered a long time ago but I could not find the discussion.

We still want to do the 3 way match in Accounts Payable, but use a credit card to pay the vendors. What are the best methods for doing this since the payment is going to a different vendor than who the invoice is from.

Thank you

Joe Holloway



[Non-text portions of this message have been removed]
2
I know this was covered a long time ago but I could not find the discussion.

We still want to do the 3 way match in Accounts Payable, but use a credit card to pay the vendors. What are the best methods for doing this since the payment is going to a different vendor than who the invoice is from.

Thank you


Joe Holloway
3
The best way we found was to set up the credit card as a "vendor" (supplier
in 8.xx) and each company you are paying with the credit card as a purchase
point.



Edward F. Fox, Jr., CPA

Controller

Maxson Automatic Machinery Company

Phone 401-596-9873 x110 a Fax 401-596-1050

www.maxsonautomatic.com

_____

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
dupagejoe
Sent: Thursday, March 11, 2010 1:03 PM
To: vantage@yahoogroups.com
Subject: [Vantage] V6.1 Paying vendors via credit cards





I know this was covered a long time ago but I could not find the discussion.

We still want to do the 3 way match in Accounts Payable, but use a credit
card to pay the vendors. What are the best methods for doing this since the
payment is going to a different vendor than who the invoice is from.

Thank you

Joe Holloway





[Non-text portions of this message have been removed]