Sage 50 Steps for Credit Card Vendor Payments

I am trying to record a line of credit in quickbooks desktop. I am also new to quickbooks and need help please. quickbooks enterprise 20.0

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Sage 50 Steps for Credit Card Vendor Payments

You can handle credit card payments straight to the merchant. The instructions are as follows:

  • Navigate to the Tasks menu.
  • Select one of the following options:
  • Payment Options
  • Select the Bills tab, then Pay Bills.
  • It will be shown on the payment page.
  • Fill in or pick the credit card company’s Vendor ID.

 

It’ll show up on the vendor’s list, right? Choose the lookup button or type it in the box.

If this is a manual check, provide a check number in the Reference number area.Leave the field called Reference number/check blank if you want to print a check.

If you’re making a payment that wasn’t made with a check, use a reference number in the area labelled Reference number to find the payments in the window labelled Reports Account.

  • Fill in or choose the payment options.
  • In the Payment method area, select the payment type.
  • If necessary, click the payment method link to add a new payment method.
  • Fill in the actual payment date.
  • In the payment method area, select the payment type.
  • If necessary, click the payment method link to add a new payment method.
  • To complete the payment, fill in or choose the cash account you need to add.
  • Select the tab labelled Apply to a cost
  • Select the credit card liability account to use as the G/L account ID in the first line.
  • After that, finish the remaining payment.
  • Make sure to provide a description that explains why the payment is being made.
  • To save the transaction, press the Save button.

 

To get more information about

How To Set Up A Credit Card Vendor For Purchases In Sage 50?

https://www.accountspro.co/blog/sage-50-pay-invoice-by-credit-card/

 

Cameron Talbot Answered on June 1, 2022.
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