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Entering Credit Card Charges
The Actions ⇒ Credit Card Charges menu option, or Credit Card Charges quick link on the main window, is used for recording charges against a "corporate" credit card for your organization. You can alternatively enter such charges directly on the more general-purpose register window for the credit card liability account.
This window just records the charge - you have to use the credit card to make the payment with it first!
Do not use this to record payments of bills by credit card that were entered for later payment using Actions ⇒ Enter Bills or Actions ⇒ Bill List - those ones should always be paid using Actions ⇒ Pay Bills or Actions ⇒ Bill Payment List. If you pay such bills using the Credit Card Charges window, they will remain on your list and reports of outstanding bills forever (unless you delete them). (See Entering Bills and Paying Bills for details.)
When you use the Actions ⇒ Credit Card Charges menu option, a window such as the following comes up:
The first time you use this, the Credit Card field may be empty, and you can select the credit card account this charge is for, from the drop-down list. Subsequent times you use this, it will show the account you used the previous time, but of course you can change it if necessary.
The Payee field will show a list of all of your Vendors (set up via Maintenance ⇒ Vendor List) as well as all Payees of charge transactions within the last year or so in your selected Credit Card Account. You can use the drop-down list, or just start typing and matches will come up.
The Date is the date of the charge. It is initialized to today's date, or the last-used transaction date.
The Amount is the total amount of the charge. As soon as you enter this Amount, it is immediately copied into the Amount field in the first line of the splits section at the bottom (as long as that field is still empty). You can also enter negative Amounts, which would represent a credit or refund from a vendor, on your credit card bill.
As on the register windows, you can select a pre-defined Sales Tax Code from the Tax Code drop-down list. The codes are specified via the Maintenance ⇒ Sales Tax Codes window. Selecting a Tax Code causes an automatic split of the transaction associated with the charge, to include the associated sales tax accounts.
The Memo is optional, and allows you to enter additional details about this charge. See below also for details on how this Memo may get copied to the Memos on the splits lines for the other accounts involved in this transaction.
Entering the Splits
Once you have entered the header charge information at the top, you need to fill in the other accounts for the transaction (called "counter accounts" or "splits") in the bottom section.
If you selected a Tax Code, there will already be one or more lines of splits shown for the tax account(s), and a line with no Account, but with the Amount being the remaining amount after taking off the tax. In that case, you will just have to select an expense account for that remaining amount. (It is possible to use other types of account, but it will generally be an expense account.)
In the case where you didn't select a Tax Code, you just have to select one or more Accounts and Amounts for the expense. In either of these cases, you can split the expense between multiple accounts if appropriate.
The Account field normally drops its list down automatically, as soon as you Tab or click into it, though this can be changed with an option on the Maintenance ⇒ Main Options window. (If that option is turned off, you can drop down the list by clicking on it with your mouse, or pressing the keyboard combination Alt+DownArrow.)
The accounts on the list are initially displayed in chart of accounts order, but if you press a letter, it immediately goes to the first account that starts with that letter, and also re-sorts the list in alphabetical order, to make it easier to see and select other accounts that start with that letter. If you press Backspace after that, or Tab out of the field, the list is returned to chart of accounts order.
When the Account list drops down in a field that currently has no value it, the list is automatically scrolled for you to the first Expense account, since those are the accounts you are most likely to pick for the splits on a credit card charge.
The Amount fields in the bottom half (which are totalled in the Total field below the grid) must add up to the Amount of the charge in the header.
The optional Memo field for the splits lines can be used for a further description of that individual split line. The Memo you entered for the overall transaction in the top part of this window will always be stored with the implicit split line for the Credit Card account of this transaction. It will also be stored with each split line for the transaction that you do not enter a distinct memo for, when you save the transaction.
When you are satisfied, click either Save and New, or Save and Close. They both save the charge, but Save and New additionally clears this window so you can enter another charge, while Save and Close closes the window after saving. Of course, you can also use Cancel if you wish to cancel your changes.
If you need to make a change to a charge you have entered using this window, you can do so on the credit card account's register window. When you view charges entered with this window on the register window, they will show a Type (transaction type) value of "CC", which is for "Credit Card".
Deleting Split Rows
On occasion you may find that you have entered a split row that you don't want to be there, and don't have any other split row you can overwrite it with. To get rid of it, just clear the Account value (by selecting the blank value at the top of the drop-down list of Accounts) and also clear every other value on that row. You can also do this clearing of a line by right-clicking on it and picking Delete Row from the popup menu. When you save the window, that row that is now entirely empty will disappear.