View Full Version : Credit cards for cash sales
12-17-2001, 10:51 PM
I have 2000Pro, and the QB merchant account. Every time I enter a cash sale with a credit card, the payment is recorded twice. I have tried entering the sale first, as well as entering the credit card first. Nothing seems to help. Any help from the forum would be greatly appreciated.
12-19-2001, 04:50 AM
I assume you mean that a cash sale is paid for using a credit card.
Create a Payment item for the Credit Card. ( I have used Diners Club). Link this to the Bank account into which the payment will be made.
When you write out the Cash Sale, enter a second line with the Credit card item for the same amount. It doesn't matter if you enter a positive or negative amount, the programme will convert it to negative. This leaves the balance of the Sale as nil, enters the sale and depoits the credit card into the Bank account.
If the Credit Card deducts fees from the amount owing before it posts it into the Bank, use an "Other Current Asset" account rather than the Bank. This allows fees to be entered and only the correct amount transferred to the Bank.
I have attached a pic that shows the Cash Sale.
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