In this small publication we would like to give you
highlights to Credit Cards Setup and Credit Cards payments in Dynamics GP. This publication is the continuation in the
series of our 1099 filing in Great Plains, US Payroll tax update, W-2 and W-3
forms printing. If you are interested in
our previous blogs, please make searches in google on Alba Spectrum Dynamics GP
news:
1. Credit
Card in Payables Management and Purchase Order Processing modules of Dynamics
GP. If you are paying your vendor
invoices by corporate Credit Card, you are in essence passing payment to Credit
Card vendor, such as American Express, Discover or the bank (Visa or Master
Card). When you pay by credit card you
are creating distribution with the same account typically AP as Cash and
Accounts Payable, plus this payment automatically creates Vendor Invoice to
American Express, Discover or Bank Vendor.
Another option is to create separate vendor invoice for Amex and create,
print (or cut) the check from Dynamics GP Great Plains to Amex
2. Accepting
Credit Cards from your customers. In
this case you are dealing with check book, where you are depositing either to
the Charge card (specify account number for deposits) or bank card (specify
check book)
3. Additional
Notes. This article is not intended for
your IT department or AP or AR people, who are looking for exact instructions
on processing credit cards in Dynamics GP Great Plains. We are reserving the option to call you
directly and help you out with Dynamics GP credit card processing
, please see
contact phone number and email below
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