A customer wants to pay some invoices with a credit card. What process to use to remove the invoices as paid from the customer’s account with histories showing payment by credit card and having the monies put in our checking account, yet still having a means to rectify the credit processor’s monthly statement.
Credit card charges are entered as a deposit on a daily basis as they occur. When entering the deposit in the reference field you will put in a reference to the credit card batch.
You can then isolate the credit card charges in the General Ledger Cash Account to isolate the credit card charges. There is also an integrated Credit Card module available.