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Credit Card Reconciliation in Sage 50 Sage Accounting  software  needs  to  be  linked  with  the  bank  account.  However,  credit  card  reconciliation  into  Sage  50  helps  in  running  the  business  properly.  When  a  user  has  reconciled  the  bank  account  or  cash  account,  as  well  as  credit  card  accounts  with  the  Sage  50  program,  it  ensures  that  the  transactions  into  credit  cards accounts inside  the  company  file  matches  the  transactions  in  the  statement  of  account  from  the  financial institution.   

   The  reconciliation  of  credit  card  in  Sage  50  not  just  ensures  that  the  accurate  records/entries  have  been  properly  given  to  the  accounts;  it  provides  a  user the insight  about service fees, interest charges or even the unauthorized transactions too.        Step by step instructions to Create Credit Card Reconciliation in Sage 50:     Before beginning the reconciliation of credit card in Sage 50, confirm the time.     1. Click on the Account Reconciliation option inside the Tasks menu.  2. Select the credit card account for the account that should be reconciled.  3. You need to provide the last date right from the statement which you selected.  4. Verify  in  case  the  un-reconciled  disparity  is  the  beginning  balance  of  your  Statement, prior to entering the ending balance of your Statement. Verify the last  month’s reconciliation in case the result is wrong. 


5. For the  credit  card,  you  have  to  enter  an  amount  as  the  negative  number  and  then go to the lower side of the right part of the screen and after that provide the  ending balance of your Statement.       Grouping of the Transactions:    Transactions are usually divided into two sections-     1. Checks  2. Deposits, Credits, and Debits.     “For  all  of  the  transaction  or  reference  information  for  example  date,  check  numbers,  amount, and payees/retailer or either description appear’     Transaction via Credit card into Sage 50:     1. Pick  the  Clear  checkbox  which  is  appearing  next  to  the  bank  statement.  It  is  partitioned  into  two  sections,  in  the  base  part  you  can  see  payments  and  at  the  top part, you can find charges on your bank statement.  2. Software  is vital for keeping track the transactions that are recorded into General  Ledger is basically cleared or not.  3. The  un-reconciled  dissimilarity  ought  to be (0.00) once all of the transactions are  listed  on  the  ​credit  card  reconciliation  in  sage  50  are  clear  or  blank  as  well  as  entered  into  the  Sage  Accounting.  In  case  it’s  not,  ensure  by  checking  the  bank  statement  so  that  all  of  the  transaction  which  is  recorded  is  accurately  entered  into the Peachtree Accounting.  4. For  any  loans,  select  the  right  icon  in  order  to  go  into  changing  journal  and  add  some  other  lost  transactions  on  the  bank  statement  and  enter  your charges into  the chart of "Service Charges".  5. Now  click  the  OK  button  to  quit  the  screen,  if  you  have  reconciled  the  account  successfully.     If  you  need  to  know  more  about  this  topic  or  you  need  any  kind  of  Sage  50  Technical  Support,  you  must  reach  our  Sage  technical  support  team  on  ​+1-844-857-4846  ​.  Our  Sage  Tech  Support  team  has  knowledgeable  experts  who  can  provide  the  best  resolution in a very short turnaround time. 

Credit Card Reconciliation in Sage 50 Accounting Software  

Want to know how to enter credit card transactions in sage 50, sage 50 bank reconciliation discrepancy, how to post credit card payments in...

Credit Card Reconciliation in Sage 50 Accounting Software  

Want to know how to enter credit card transactions in sage 50, sage 50 bank reconciliation discrepancy, how to post credit card payments in...

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