Sales

Processing credit card sales

Note:  You can subscribe to the MYOB Merchant Account Service to process credit card payments directly from AccountEdge

The process of creating credit card sales is virtually the same as the process for creating any other sales transactions. The transactions you create in the process -- sales, payments, returns and credits -- are managed in the same way as other sales transactions.

You can use Paid Today to enter a customer credit card payment; a customer credit card payment can also be entered in the Bank Register or in the Pay Bills window.

Note:  The Bank Register can't be used to enter MYOB Merchant Account Service transactions

The procedure To handle customer credit card payments includes all of the steps that are necessary to use AccountEdge to process credit cards. As you read the procedure, you may find that you have already completed some of the tasks. If this is the case, simply continue to the next step.

Using the undeposited funds account

You should record your customer credit card payments and credits in an undeposited funds account. By recording your customer credit card payments in the undeposited funds account, you can easily deposit all of your credit card transactions to your checking account. [To record a bank deposit (undeposited funds)]

One transaction that is a total of your credit card payments will be easy to reconcile later when you receive your bank statement. To review individual credit card payments, you can view the bank deposit transaction.

Once a customer credit card payment has been included on a bank deposit of undeposited funds, you must follow the steps for reversing, deleting, and changing transactions that have been recorded on bank deposits of undeposited funds.

Step by step

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