How do I post cc fees and Credits on Credit card
27
1
How do I post cc fees and Credits on Credit card
Hi Linda Moore
You can enter CC fees at the time of reconciliation, you will be able to click the "Interest and Charges" button
Fees - Set up an expense account that you debit for the fees. The credit is the account paying them
For credits - it is the reverse of the original entry.
Credit goes to expense or inventory and debit the revenue account. I use the number of the original entry as my reference.
*Community Hub is the new name for Sage City