On occasion you may pay for purchases with a credit card. When entering an invoice to record the credit card purchase for your credit card vendor, you can transfer the purchase amount from the credit card vendor to the "purchase vendor" (this is the vendor from whom you purchased the items) to track 1099 and payment history for the purchase vendor. Payment history is recorded for both the purchase vendor and the credit card vendor.

How to Record a Purchase Paid by Credit Card?

1 On the Accounts Payable Main menu, click Invoice Data Entry.

2 In Invoice Data Entry, enter your credit card vendor at the Vendor No. field and enter an invoice number at the Invoice No. field.

3 On the Header tab, enter the invoice information.

4 On the Lines tab, click the Transfer button.

5 In the Update Purchase Vendor window:

a. At the Vendor Number field, select the purchase vendor that you are transferring the purchase to.

b. Do not select an invoice at the Invoice Number field; this field is used for another transfer procedure.

c. At the G/L Account field, the purchase vendor’s G/L account defaults from the vendor master file but can be changed.

d. At the Transfer Amount field, enter the purchase amount to be applied to the purchase vendor.

e. Maintain the 1099 Form and Box fields as necessary, and click OK.

6 In the Invoice Data Entry window, click Accept.