How to setup corporate credit cards for Payment Processing in AP

1.) Create a Liability Account in GL

  • Ex: 21001 = Accrued Liability – VISA Account or Credit Card Payable
  • Account Class = CASHASSET
  • Type = Liability
  • Post Option = Detail
  • If using multi-currency, assign the currency to the account

2.) Create a Cash Account for it in Cash Account window.

  • Assign a Subaccount