Adding a Credit Card as a Payment Method (as a Bank Account)

• The benefits to adding a credit card as a bank account within eZmax include:

  • Allows full historical tracking of supplier purchases and payments.
  • Allows you to complete a reconciliation on credit card every month similar to reconciliations on regular bank accounts.

STEP 1: Create a GL Account for Credit Card

• From Main menu >> General Ledger >> List of GL Accounts, click on Actions >> New GL Account.

• Assign a Code (GL number) to account.

• Enter a **Name (**Description) and select "Liabilities" as Account Type.

• Select "Credit Cards" as Sub-Account Type.

• Select a GL Account Group to associate with this GL account based on your configuration.

• Click on Submit.

STEP 2: Add a Credit Card Company as a Supplier

• From Main menu >> Accounts Payable >> Suppliers List, click on Actions >> New Supplier.

• Assign a Code and a Name of supplier, select "Other" as Variable Costs , select a Payment Method and "No tax" for Taxable.

• Click on Submit.

• Your credit card supplier will be added to your system so you will now be able to process payments against your credit card.

STEP 3: Add a Credit Card to the List of Credit Cards

• From Main menu >> Admin >> List of Credit Cards.

• Click on Actions >> New Credit Card.

• Add a credit card Number , Description , Expiry Date , GL Account with which the card is associated and enter a Supplier you just created to whom you make payments.

• Click on Submit.

• Credit card will now be added to the List of Credit Cards.

STEP 4: Add a Credit Card as a Payment Method

• From Main menu >> Admin >> List of Payment Methods, click on Actions >> New Payment Method.

• Assign a Name and select the Credit Card you just added from the drop-down list and click on Submit.

• Your credit card will now be available to use as a payment method when processing payments through the Shopping Cart or Open Wallet icon.