Company credit cards can be used for payment of purchase transactions. Bank payment transactions of company credit cards are recorded and tracked in the application.
In order to define a company credit card in the system, the "Company Credit Card Info" option located under the Attached Records menu of Bank Accounts browser is used. Company Credit Card Info option is available for (LOA) General Loan and (CCR) Credit Card bank account types.
The following information is recorded with the Company Credit Card Info option.
Statement Date: The day of the month on which the statement is prepared.
Last Payment Date: The day of the month which is the last day for payment.
Card Limit: The credit card limit info is entered in this field.
Card Number: The credit card number is entered in this field. The field length is 16 characters.
In order to calculate due date of the payment plan in purchase transactions, back payment plan is considered. The due date is calculated by using the formula specified in the back payment plan.