R13 AMEX Accounting Entries
SummaryAMEX Accounting Entries
We have set the corporate credit card payment option as Company.
Load the transactions from the CC company and assigned to employees. Create corporate card issuer payment requests to generate invoice/payment request to pay the credit card company.
Employee submits the expense report for approval to manager (all expenses are business related only). Payment requests are created once audited, does a payment need to be recorded to offset this payment request (but no actual payment going to employee or AMEX).
Will you please let me know what would be the accounting entries
Accounting for Credit Card Expenses