We have six credit cards that are used, four by the purchasing staff, two by managers. I process the two by managers. One of my monthly recurring expenses went from payment by check to credit card only. I like how I can process the invoice in Payables noting that it is paid by credit card. Unfortunately that capability is not on the Purchase Invoice Entry screen.
When I can, I do use it. When the credit card statement arrives, I key two items, an invoice and a credit memo. I cut the check/payment from the invoice. The credit memo is used to offset the purchasing invoices. The process has been to key a summary by GL expense to an invoice to book items not on the purchase orders, or direct keyed to payables. Recently, I have used Integration Manager to upload the statement detail, which is in the Distribution Screen:
The upload could be to individual vendors. I am doing something similar. But still tweaking the secondary screen in my case for a check payment, yours from credit card used.
But AP integrations have been from 25 detail lines to 125 lines. So now we have the detail IN the general ledger, eliminating the question what is this $1000 in office supplies? hehehe
If you've found this thread useful, click here to dive deeper into User Group community content by role