Reconciling credit card statements

Problem reported by Melanie Bushell 9 years ago

Each month I have posted each credit card transaction separately into Clearbooks, a couple of which were refunds to the credit card. When I come to reconcile the bank statement using multiple transactions, it only gives options of purchase invoices for each supplier to set against the total amount so I am unable to fully reconcile the total amount showing to the credit card provider as some of these were credits. Can anyone help?

Solved
Write reply1

1 Reply

HI Melanie

I'm not so sure I fully understand your query so i'll just break down how i'd see things happening:

  1. You make sure you've got a separate credit card bank a/c set up in Clear Books
  2. Throughout the month you would input any credit card expenditure as normal, ensuring the payments come out of the credit card bank a/c.
  3. At the end of the month you would import your credit card statement as normal, reconciling it against the items you've already input [and tidying up anything you may have missed - keep an eye out for the likes of charges/interest/refunds etc]
  4. When you make a physical payment from your current a/c to your credit card to pay the balance off you would simply class this as a transfer between accounts in Clear Books.

Does that somehow answer your Q?

9 years ago

Reply to this problem

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are

Apps

Company

Social