Hi, If you are using a Credit Card that is 'Used by Company' and have it assigned to a Vendor ID, then when you pay a vendor invoice with the credit card, your entry is to credit the Accounts Payable account associated with the Credit Card Vendor, or the Company Accounts Payable posting account if no account is specified for the credit card vendor. The Debit side of the entry is the Accounts Payable account that was used when you entered the invoice you are now paying with a credit card. The cash account is not used at all in a Credit Card payment. The Distribution Type is CASH for the credit side of the transaction, but it is not using the account designated as the cash posting account. Kind regards, Leslie
↧
