[Keegan]

I'm new to Financial Edge but I'm trying to figure out a way to enter different credit card expenses as we charge them and then tie them together when the actual invoice for our credit card comes in. Does anyone do something similiar to this? How do other people keep track of credit cards in FE.

Thanks
Keegan

[Ali]

Unfortunately there's no easy way to do credit card tracking. We have each credit card set up as a bank and track the individual charges and payments as deposits and payments. This doesn't help you create the invoice, but it does give you detail inside FE. With some simple coding, maybe using the reference field, you can tie the individual transactions to the invoice for later lookup.

[JeffMon]

Unfortunately AP Invoices don't have line items... I've run into that before too. However, you could create a Purchase Order against your CC Invoice to track individual line items.

-Jeff

[Anne]

Hi,
I might have misunderstood your question. I have a problem tracking separate transactions on my credit card so they show in my GL reports. I think what I will do is under my credit card Vendor name, I will enter an invoice for each transaction I wish to track. I will then use the invoice number tab of my invoice to describe the transaction (I personally want to know the name of the actual vendor like Office Depot or American Airlines so that's what I'll write in the invoice number but it works for departments too). Since the invoice number appears right next to the vendor name in GL, I will then see both in my GL expense account. I also thought of another way which is a little more tricky and I would first check with my auditor that it's OK with him but I could also enter a single invoice for the monthly statement and charge it to a transfer account in AP. Then on the GL side, I would enter an adjusting journal entry to credit my transfer account, debit my individual expense accounts and write the description in the Journal Reference column of the batch. The draw back is that you can't track the expense accounts in AP but only in GL. Anyway, hope this helps.
Anne