Dynamics GP 2016 Feature Payables Credit Card Payment

By Tracey BrinkmanAccounts Payable, Microsoft Dynamics GP, , , , With 3 comments

Dynamics GP 2016 Feature Payables Credit Card Payment

  • A new option for a computer check batch payment method to be paid by credit card
  • The credit card payment will create an invoice for the credit card vendor
  • A remittance form will print to show the invoices paid

First you will need to go to Administration >> Setup >> Company >> Credit Card and create the Credit Card you will use to make payments.

You will assign a Card Name and mark to be Used by Company, then assign a Vendor to track all transactions charged to the Credit Card.

credit-card-setup-vendor

charge-card

Here is the new feature: Dynamics GP 2016 Feature Payables Credit Card Payment 

Now you can create your Payable s Batch for the Computer Check run, then select the Payment Method of Credit Card. Verify your Posting and Check Date and select the Card Name to be used.

payables-batch-entry-credit-cardpayables-batch-entry-card-name

 

After selecting the Card name to be used, Build your Batch and select checks that you want to be paid by Credit Card.

edit-payables-check-batch-card-name

Process your batch.

print-payables-checks-card-name

Then Print Remittance Forms

If your system is configured for E-mail, you can also choose to email the remittance to any Vendor set up with a Remittance email.

process-payables-remittance

A remittance form will be created for each Vendor showing all Vendor Voucher numbers paid with this credit card transaction.

sample-check-remittance

The Computer Checks Posting Journal will show the Card Name used for this batch of Checks.

computer-checks-posting-journal-card-name

Invoices will then be created for the Card Name Vendor for each check that was paid by this Credit card.

payables-transaction-inquiry-card-vendor

If you have any questions regarding this feature: Dynamics GP 2016 Feature Payables Credit Card Payment or other features in GP 2016 or If you are an iSolutions customer and would like to schedule an upgrade to Dynamics GP 2016 please contact us at support@isolutionspartners.com .

 

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