Paying bills with CC?

Question

I'm in the process of creating the current fiscal year, and carried over 60,000.00 in A/P by creating an invoice from the statement based on how much was owed as of 1/1/14. 
 Since this amount was paid off by use of a business CC, reducing A/P and increasing CC Liability account, the amount owed to the vendor is still that of the original invoice. I know I can use GL entries to move things around, but is there a simpler and/or better way to indicate that the vendor bill is being paid through use of a credit card?

StephenC · Answer

Enter a payment but change the Bank Account field to your CC Liability account. That will get rid of the open invoice in your payables as well as move the balance from your AP account to the CC account in the general ledger. If the CC Liability account doesn't show up in the bank account field, close the payments window, go to the Options menu, choose Global, and uncheck the box next to Accounts Payable in the Hide General Ledger Accounts section. 
 Sage 50 always remembers the last bank account that you used for payments. So the next time you go to enter a payment you will have to remember to change the account back to your normal bank account. Or, a safer options is, after you record the CC payment open any existing transaction that uses your bank account and re-save it.

Sage 50 US

Paying bills with CC?

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