CAPS+: How to Set Up a New Credit Card Company

Add a New Credit Card Vendor

1. In CAPS+, click Payables in the left navigation column, and select Vendors.
2. Click ADD to add a new credit card vendor.
3. Add the Company Name in the "Company Name" field.
4. Select Credit Card in the "Type" field.

Add a Clearing Account to COA

1. In CAPS+, click Financials in the left navigation column and select Financial Accounts.
2. Select Chart of Accounts and click ADD to add a new clearing accountt.
3. Make sure the "Classification" type is set to Credit Card.

Add a New Credit Card Company

1. In CAPS+, click Credit Card in the left navigation column and select CC Entry.
2. Select Credit Card Companies.
3. Click ADD to create a new credit card company.
4. Enter the "Credit Card Vendor" and "Clearing Account" number from sections 1 and 2 (above).
5. Make sure you select the correct "Sync/Upload Method."
6. (Optional) You can also add a "Credit Card Payment Amount," but it's not mandatory.