Recording Credit Card Expenditure
When you have used your credit coard or have received your credit card statement, you need to record the transactions on IRIS Financials.
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Select Options > Document Input from the menu.
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The Document Input dialog is displayed. Select the applicable locations' Credit Card document type from the Document Type drop-down list.
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Select Credit Card Expenditure from the Input Form drop-down list.
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Enter the date of the transaction using the Document Date field.
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Enter the applicable accounting period the transaction occurred in the Document Period field and click OK.
The Credit Cards input form is displayed. The Location and Document Date field are pre-populated based on the information you entered on the Document Input dialog.
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Double-click in the Credit Card field and select the applicable credit card.
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In the Description field enter a description for the document/transaction. If you are entering the expenditure for an entire credit card statement, enter the applicable month and year.
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Enter the full amount of the transactions you are entering in the Document Control field.
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Enter the individual transactions in the table. In the Nominal field, enter the expenditure nominal for the transaction. Double-click inside the field to display a list of available nominals.
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In the Account field, enter the expenditure account for the transaction. Double-click inside the field to display a list of available accounts.
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Enter the total amount of the transaction in the Gross Value field and the applicable VAT rate in the VAT Rate field.
The VAT and Net Value fields are automatically calculated. Enter an applicable description for the transaction in the Description field.
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Enter the VAT number for the supplier in the Supplier VAT Number field. If no VAT number is entered the transaction will not appear on your VAT reports.
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Repeat for any other transactions as required and press F5 to post.
See also:
Paying Supplier Invoices by Credit Card
Recording Credit Card Payments