Credit card reconcile feature

Allow me to reconcile my monthly credit card statement with the ledger. I need to be able to figure out why the two don't match and I want to be able to "save" my work, just like reconciling any other bank account. It's especially important for tagging charges that for some reason don't show up yet on my credit card statement.

  • Dan Center
  • Nov 22 2016
  • Future consideration
  • Attach files
  • Guest commented
    3 Feb, 2023 08:24pm

    I concur whole heartedly!! After I setup our credit card accounts I was very surprised that this functionality was not available. Many less sophisticated and less costly accounting programs include this capability.

  • Jennifer Kurtz commented
    8 Jan, 2018 11:22pm

    Robert Johnson - That's a great idea while they are building out the CC functionality.  So you create invoices and pay the through a Credit Card bank account (creating negative balances), then issue the payment to the credit card from a real bank account and your debit is the Credit Card bank account?

  • Guest commented
    15 May, 2017 06:24pm

    If you go into each charge, you can fill in a "cleared" date - this has been the only way I have found to attempt to reconcile.  However, it always shows the payments made to the card (which are reconciled when we reconcile the account it was paid from).  I agree with the need to be able to do a reconciliation similar to the that of the bank reconciliation, but at least the current way allows me to match the charges before we make payment.

  • Angi Dimmitt commented
    28 Mar, 2017 02:31pm

    I completely agree. We have recently implemented the new functionality in FE Patch 14 for the credit card functionality that allows credit card activity to be managed. We enter each credit card receipt on a daily basis and debit the acutal expense (fuel, supplies, etc.) and credit the Visa Payable account. The Visa bank account is selected for the payment. When the credit card statement is received, we enter that invoice and debit the Visa Payable account and credit Accounts Payable. This process works fine; however, when the statement is received, I was expecting to be able to go to the bank account and use the reconciliation feature and reconcile each credit card receipt that was entered against the credit card statement. This bank reconciliation feature is not available, but is desperately needed for this functionality to work in a beneficial manner.

  • Guest commented
    25 Jan, 2017 05:13pm

    You can do this only if you have set up the credit card as a 'bank'. It works well this way but you have to remember payments to the card are a debit, while charges are a credit.