Dynamics GP Partner newsflash: Credit Card Payments entering in Great Plains

In this small publication we would like to give you highlights to Credit Cards Setup and Credit Cards payments in Dynamics GP.  This publication is the continuation in the series of our 1099 filing in Great Plains, US Payroll tax update, W-2 and W-3 forms printing.  If you are interested in our previous blogs, please make searches in google on Alba Spectrum Dynamics GP news:

1.       Credit Card in Payables Management and Purchase Order Processing modules of Dynamics GP.  If you are paying your vendor invoices by corporate Credit Card, you are in essence passing payment to Credit Card vendor, such as American Express, Discover or the bank (Visa or Master Card).  When you pay by credit card you are creating distribution with the same account – typically AP as Cash and Accounts Payable, plus this payment automatically creates Vendor Invoice to American Express, Discover or Bank Vendor.  Another option is to create separate vendor invoice for Amex and create, print (or cut) the check from Dynamics GP Great Plains to Amex

2.       Accepting Credit Cards from your customers.  In this case you are dealing with check book, where you are depositing either to the Charge card (specify account number for deposits) or bank card (specify check book)

3.       Additional Notes.  This article is not intended for your IT department or AP or AR people, who are looking for exact instructions on processing credit cards in Dynamics GP Great Plains.  We are reserving the option to call you directly and help you out with Dynamics GP credit card processing, please see contact phone number and email below