How to Use Agency Credit Card in Trams Back Office

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Step Three: Create a journal entry to credit the “Group Payments on Agency CC” Liability account.Step Four: When you pay the credit card bill, debit the “Group Payments on Agency CC” Liability account.Page 22 of 25 11/12/2012
Section 4: Paying the Credit Card Bill when there is a Credit BalanceSection 2 outlines how to pay the agency credit card, when itemizing each of the expenses. In this section we take a look atwhat happens when you have a credit card statement that has a combination of new charges and a credit for a previouscharge.Quick Steps:1. Go to General Ledger|Journal Entry.2. Enter a debit for the amount of each charge to the correct expense account.3. Enter a credit equal to the debits into the account that the credit applies to.Visual Steps:In month one, the agency receives the following Visa Statement.American Express StatementOffice Supply Store $325.00ABC Printing 75.00ACME Parking 250.00Light Company 45.00Total Charges: $695.00The journal entry below would be created when the statement is paid:Account Debit CreditChecking 695.00Office supplies 325.00Printing expense 75.00Parking 250.00Utilities 45.00In the next month if the agency received the following statement, since there is no check to be issued, create a journalentry, entering a debit for each new charge.American Express StatementOffice Supply Store -$325.00ACME Parking 250.00Light Company 45.00Total Charges: $-30.00Page 23 of 25 11/12/2012
Page 1 and 2: How to Use Agency Credit Card in Tr
Page 3 and 4: Choice:You can use either Supplier
Page 5 and 6: Step Five: Create a Journal Entry t
Page 7 and 8: Step Four: When you pay the credit
Page 9 and 10: Agent Branch Week EndingLog for Cus
Page 11 and 12: Time Saving Tip: Use Pay Codes to h
Page 13 and 14: Option Two: A Negative Client Vouch
Page 15 and 16: Step Seven: When you enter the clie
Page 17 and 18: Section 2: Using an Agency Credit C
Page 19 and 20: Visual Steps:Step One: When the cha
Page 21: Section 3: Using the Agency Credit
Page 25: To pay the $265.00, but account for

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