How do I account for Credit Card Merchant account in Tally or other accounting software? - accounting software
I have to create groups of accounts or a company in Tally accounting software. I have 2 merchant accounts with companies of different credit cards. One of these credits in my account at your bank and gave me just a statement of the quantity and commissions - other sends me after review by commission. - What accounts for this account, even though inclusion in accounting software? Thank you for your time and help.
Friday, January 22, 2010
Accounting Software How Do I Account For Credit Card Merchant Account In Tally Or Other Accounting Software?
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For inquiries about the accounts, the following rules specified for your information.
ReplyDeleteRule 1
Debit Credit, which in what comes and goes
Rule 2
Speed costs. Accredit income
Rule 3
Flow receiver. The lender.
A sample entry as follows for the payment of XYZ by credit card: --
Dr. XYZ RS 5000
Cr Credit Card a / c Rs 5000
Then, if you (credit card or check deposit / c) would be the entry: --
Dr. Credit Card a / c Rs 5000
Cr Bank A / C 5000 RS
Remarks: --
1) the expenditure ledger XYZ is in the group of open "overhead"
2) the credit card a / c to be opened at the Bank OCC a / c "
3) Your Bank A / C will be opened in the Bank A / C "
Tally integration via DLL RTSlink visit http://www.rtslink.com and programs can be found on the sample http://rtslink.blogspot.com
For inquiries about the accounts, the following rules specified for your information.
ReplyDeleteRule 1
Debit Credit, which in what comes and goes
Rule 2
Speed costs. Accredit income
Rule 3
Flow receiver. The lender.
A sample entry as follows for the payment of XYZ by credit card: --
Dr. XYZ RS 5000
Cr Credit Card a / c Rs 5000
Then, if you (credit card or check deposit / c) would be the entry: --
Dr. Credit Card a / c Rs 5000
Cr Bank A / C 5000 RS
Remarks: --
1) the expenditure ledger XYZ is in the group of open "overhead"
2) the credit card a / c to be opened at the Bank OCC a / c "
3) Your Bank A / C will be opened in the Bank A / C "
Tally integration via DLL RTSlink visit http://www.rtslink.com and programs can be found on the sample http://rtslink.blogspot.com