cash management

Reclassify GL account for credit card transactions and edit non-financial information

Reclassify the GL account for credit card transactions that are reconciled or are in a Paid or Partially paid state, as long as the period is open. And, you can now edit non-financial information in Paid credit card transactions.

Details

Reclassify top-level transactions from the top level and entity-level transactions from within the entity. However, you cannot reclassify across entities. In a multi-entity, multi-currency company, always reclassify transactions at the entity level.

Credit card transactions need to originate from Cash Management to be eligible for reclassification. The following scenarios are not available to reclassify:

• The transaction originates from paying an AP supplier invoice in Accounts Payable.

• The transaction is associated with an employee expense report.

For Paid credit card transactions, you can edit the Reference number, Payee, Description, Attachment, and line item Memo fields.

How it works

Step 1: Enable reclassification

1. Go to Cash Management > Setup > Configuration.
2. Select Enable reclassification for credit card transactions.
3. Select Save.

Step 2: Grant permissions

1. Go to Company > Admin > Users, roles & groups then select Users.
2. Find the user and select Subscriptions.
3. Find Cash Management and select Permissions.
4. For Credit card transactions, enable Reclass.
5. Select Save.
6. Select Save again.

Step 3: Reclassify transactions

1. Go to Cash Management > All > Transactions > Credit card transactions.

2. Select Edit.

3. Select Reclassify.

4. Select Save.

Permissions and other requirements

Subscription	Cash Management
Regional availability	All regions
User type	Business
Permissions	Cash Management Credit card accounts: List, Edit, View, Reclassify
Configuration	Enable reclassification for credit card transactions in Cash Management
Restrictions	Currently, you can only reclassify the GL account on credit card transactions.