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Thread: Credit Card

  1. #1
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    Credit Card

    I dont understand how u suppose to capture a bank recon of a credit card on pastel

  2. #2
    Diamond Member Mike C's Avatar
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    Hi noma_sego12. There are two ways of doing it.

    The first is to wait until the amount comes off your bank statement, and then enter the various items for the Credit card into your Cash Book using the same reference number, but allocating them to the various journals. Remember to enter the sms charges and any other charges (interest or monthly card charges) that all go to making up the amount taken from your bank statement.

    The other way is to open a Cash Book called "Credit Card" and enter the items as they are bought. Then reconcile this Cash Book at the end of the month to your Credit Card Total rather than the total that comes off your Bank Statement. This is a bit more difficult because the Credit Card amount is only taken out of your Bank Statement a month later and so it does not match nicely each month.
    People will forget what you said, people will forget what you did, but people will never forget how you made them feel. - Maya Angelou

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