Financial - JDE1 (MOSC)

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Credit card receipts processing - accounting for charges

edited Feb 4, 2016 4:48PM in Financial - JDE1 (MOSC) 7 commentsAnswered

We are contemplating charging customers who pay our invoices by credit card for the costs of doing so.

I would be grateful for any systems input into this process.

- Do people doing so in Australia issue tax invoices?

- If the amount in AR for an invoice does not include the amount of the surcharge, how do people go about accounting for the extra cash received in the bank?

    (The Auto Receipts system appears to permit tolerance amounts but not a tolerance percent in such programs as R03B50A.

    We currently run auto matching based on a tolerance amount of Nil, and we do not want to open up the possibility of mismatching, except where we have collected an extra say 1.6%.)

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