Credit Cards............!!!

[GFCOfficePC]

Ok... I have called and asked this question...
I know I'm not the Only Church that uses Credit Cards! However... PowerChurch has NO Way of Reconciling these, as QuickBooks has.
I'm having to enter all Credit Card Statements into the Fund Accounting area... and then Post when the Statement comes in! This is ridiculous!!! In QuickBooks... you have a Credit Card "Area", just like a Bank Account. When time to reconcile... BamBamBam... ClickClickClick, and your Done... as if reconciling a Checking/Bank Account!
Why in the world can't PowerChurch do this???

IF ANYone has a better way of Reconciling/Entering Credit Card Receipts.... PLEASE Let Me Know!
Thank You Very Much,
Skip

[Jeff]

The 11.55 Maintenance Release released yesterday adds a feature to do credit card reconcilitation.

https://www.powerchurch.com/forum/viewt ... 17&t=11463

[GFCOfficePC]

No Way................REALLY!

How cool is that!!!
I just downloaded today, and haven't gotten that far....Yet!!

Thanks SO MUCH!!!!

[GFCOfficePC]

Ok.... I assume you set the C.C. up, just as you would a Bank Account... Right!
Anything Different?

Thanks,

[GFCOfficePC]

Hey Jeff... I hate to sound "Dumb", but it's been a long time since I've set up a Checking Account!
Don't suppose you could walk me through the Setting Up Our Credit Card Account?
We have 6 Credit Card Holders at our Church! We enter each Receipt(s) according to that person!
Set Up under: Group >>> Asset? Just as a Bank Account?
How would I set up each person under that?
Thanks.........Sorry for not being savvy on this!

The 11.55 Maintenance Release released yesterday adds a feature to do credit card reconcilitation.

https://www.powerchurch.com/forum/viewt ... 17&t=11463

[Jeff]

You set up a liability account for the credit card. The reconciliation process has been changed to allow you to pick liability accounts for the reconciliation.

[GFCOfficePC]

Hey Jeff.. Hate to keep bothering you, but I do have all the C.C. Accounts set up as Liability... So... here's what I have:

We have 3 Bank/Checking Accounts set up in Group/Asset - 01-1100-000 - Report Level 1
Bank #1 - Detail/Asset - 01-1110-001 - Report Level
Bank #2 - Detail/Asset - 01-1120-002
Bank #3 - Detail/Asset - 01-1210-003
All show up when I reconcile!

ALL My Credit Card Account are set up as Liability Category:
Discover Card - 01-2100-000 - Group/Liability - Report Level 1
Card #1 - 01-2101-001 - Detail Liability - Report Level 6
Card #2 - 01-2102-002 - Detail Liability - Report Level 6
Etc....
SO.... Now... When I click on Reconcile, All of the Credit Cards Show Up, but not the Group DISCOVER CARD (Level 1)
Is this OK? Will It reconcile like this?
Can all the Cardholders show up at one time, or will I have to do Individually as I do Bank Accounts?
Just write the Check as Normal?
CREDIT the Main Checking Account?
DEBIT the Individual Accounts with there amount?
This seems like it should work!
Am I missing anything? Do I need to change anything at all?
Sorry for not being good at this!!!
Thanks for all your help!!!!

[Jeff]

Do you have 6 different credit cards or 6 people on account? Do you get 6 different bills?

If each person has their own credit card that you pay separately, then you create 6 different liability accounts.

If you only get one credit card statement then you would set up one liability account.

We just released a newsletter that goes into more depth on how to track credit cards in PowerChurch.
https://www.powerchurch.com/support/kb. ... -2015#tips

[GFCOfficePC]

Hey Jeff,
No... One Bill... but each person has there own Card/Number.
Our Pastor has the "Main" Card!!
We only write ONE Check!!

Thanks for the Newsletter... I'll check it out!!!

[Jeff]

Since you only have one bill, you will want to setup one liability account and all transactions should go to that account.

[GFCOfficePC]

Thanks!!!
Since, Technically... I already have the Credit Cards in a Liability Account... then I'm assuming I won't have to change any Account #'s..etc!
Only change will be how I reconcile....Correct?

I'll just have to reconcile Each Credit Card Holder separate... and it should match thier Total on the Statement!

Seems simple enough!!!
Thanks,