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Corporate Card Company Pay Auto Draft-Bank sends transaction-How do we 'apply' that

in Expenses 4 comments

Summary: Corporate Card is Company Pay. Bank Automatically drafts the payment from the bank account. A corporate card file is received with Merchant = SCHEDULED PAYMENT. These are the drafts for each corporate card payment. Right now, they are entering journal entries to account for the payments. How do we use these to record the payments?

Normally, we would create a Payment Request and that would go to Payables where it would be paid from Cash. These 'transactions' are the Cash payments. They are sitting out there as Unassigned Card.


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