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By setting up a CSS Bank account in the system to record all the deposits from online payment systems, you can create a journal entry that transfers the money from the CSS Bank account to the main account after reconciling the payments.
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PRONTO Set-up
- Create a General Ledger Account that will be used for Online Credit Card Clearing for payments received from the website. This should be a separate account to any current cash deposit accounts. This is an asset account and should be setup near the current 'Cash at Bank' or similar account.
- Navigate to 'General Ledger' --> 'Maintain Ledger Menu' --> 'Special Accounts Maintenance'.
- Click 'Entry' to create a new account.
- Enter "CSSBANK" into the 'A/C Name' field (one word, no quotation marks).
- Enter the GL Account code from Step 1 into the 'Account Code' field.
- Enter an 'Account Name Description' (e.g. 'Web Visa & Mastercard').
- Hit 'Esc' to save the entry.
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