About credit card accounts

Sage Intacct defines credit card accounts as including both credit cards and debit cards. In Accounts Payable, there's a distinct difference between the two.

• A credit card account is a cash account that's related to a credit card vendor.

  A credit card account in Intacct represents the actual credit card that you’re using in the real world. Record charges made on this card in Cash Management. A Vendor ID is required to create a charge payoff and move credit card liabilities to AP.

  You still owe money to the credit card vendor even after you select transactions to pay on the Charge payoffs page. You need to pay the resulting bill to the credit card vendor on the Pay bills page.

• A debit card is associated with a checking account and is another way to credit that account.

  When you record a debit card charge, the bank account is credited. The transaction is final.

Although they’re treated differently in Accounts Payable, credit and debit cards are treated the same way in Accounts Receivable. A customer payment made with either type of credit card debits that customer account and deposits the payment into your account.