Enhanced interface

Record credit card charges and fees

Record credit card finance charges and other fees for your credit card. For example, you have a late fee or monthly interest fees you need to account for. You can record these fees during reconciliation or through the Cash Management menu.

In multi-entity shared companies with multiple base currencies, enter credit card charges and fees at the entity level.

Accounting example

GL account	Debit	Credit
Finance charge
Financial Fees - Bank Finance Charge	15.00
American Express Liability		15.00
Other fees
Financial Fees - Service fees	15.00
American Express Liability		15.00

Record credit card charges and fees

Subscription	Cash Management
User type	Business
Permissions	Credit card charges and other fees: Add, List

Go to Cash Management > All > Credit card and select Add (circle) next to Credit card charges and other fees.
Select the Credit card.
Enter the Date of the transaction or leave today's date as the default.
For the Transaction type, select one of the following:
- Finance charge to record the monthly interest charges for the card.
- Other fees to record fees such as credit card fees or charges for late payments.
Enter the transaction number from your statement as the Reference number.

This number appears as the document number in lists and the Credit card register.
Optionally, add a Description for the transaction.
To permanently and safely store a digital version of a supporting document, in the dropdown next to Attachment, select an attachment, or select Add, then upload your attachment. Learn more about who can add attachments.

You can drag and drop your files to add an attachment. To attach a document to multiple journal entries, see Bulk processing.
In the Entries section, select the Account to which to record the transaction.
Enter the Amount.

If yours is a multi-entity, multi-currency company, enter the Transaction amount.
Enter dimension values for Department and Location.

Select the Show details shade to enter more dimension values as appropriate.
Optionally, enter a Description for the line item.
Select Save.

GL posting information

For cash and multi-book companies, when transactions post to the General Ledger depends on if you configured Cash Management to Post credit card transactions, charges, and fees to the General Ledger after creation. If not, transactions post after they’re paid.

For accrual companies, credit card transactions post to the GL after you create them.