Products
Admissions & Enrollment
After School Activities
API
Cafeteria & POS
School CRM
Data Analytics & AI
CMS
Donations
Enrollment Management System
Financial Aid Management
Finance & Accounting
Fundraising
Point of Sale
Scheduling
Student Information System
Summer School & Summer Camp
Solutions
K-12 Private and Independent Schools
K-12 Public Schools
Colleges & Universities
Medical Schools
Vocational and Technical Schools
International Schools
Dance and Theater Schools
Youth Programs
Why PCR Educator
Team
Knowledge Base
FAQ
Training and Support
School Portal
Customer Portal
PCR independent school management solution and website
Products
Admissions & Enrollment
After School Activities
API
Cafeteria & POS
School CRM
Data Analytics & AI
CMS
Donations
Enrollment Management System
Financial Aid Management
Finance & Accounting
Fundraising
Point of Sale
Scheduling
Student Information System
Summer School & Summer Camp
Solutions
K-12 Private and Independent Schools
K-12 Public Schools
Colleges & Universities
Medical Schools
Vocational and Technical Schools
International Schools
Dance and Theater Schools
Youth Programs
Why PCR Educator
Team
Knowledge Base
FAQ
Training and Support
School Portal
Customer Portal
Sign In
Demo
School CRM
Blog
Recording Credit Card Payment from Bank Account
Recording Credit Card Payment from Bank Account
Recording Credit Card Payment from Bank Account
A school may decide to pay vendor invoices with a credit card and then pay the credit card company at the end of each billing cycle.
To record this process in PCR Educator, the following steps are recommended:
1. Follow the steps of Recording Vendor Invoice to record the purchase. You can debit an expense account and credit Accounts Payable. Example: If a school purchases laptops from Apple, the invoice would be associated with Apple vendor.
2. Follow the steps of
Recording Vendor Payment
to record the payment of the newly generated invoice with your credit card. . You can debit Accounts Payable and credit the expense account associated with your credit card.
3. Follow the steps of Recording Vendor Invoice to record the new balance from your credit card when you receive the statement. In this case, the vendor is your credit card company.You can debit an expense account and credit Accounts Payable.
4. Follow the steps of
Recording Vendor Payment
to record when you pay the credit card using the funds from your bank account. You can debit Accounts Payable and credit the Cash account.
5. Follow the steps of
Writing Checks
to print a check in case you are paying your bank with a check.
See also
Recording Vendor Payment
Vendor Payment
Writing Checks
Fund
Linkedin
301-947-7380
sales@pcreducator.com
Schedule Demo
Please, make sure that all required fields (marked with *) are completed.
School Name
Please Enter a Maximum of 100 Characters.
*
Relation to School
*
select
Administration - Database Manager
Administration - Head of School
Administration - Registrar
Development - Director of Development
Finance - Business Manager
Finance - CFO
IT - Director of Technology
Other - Parent
Other - Staff
Other - Volunteer
Last Name
Please Enter a Maximum of 30 Characters.
*
Your First Name
Please Enter a Maximum of 20 Characters.
*
Your Email
Invalid Email
Please Enter a Maximum of 100 Characters.
*
Your Phone #
Please Enter a Maximum of 20 Characters.
*
Household
User
PCR Educator School Information System is an online database engineered for schools and universities to deliver the highest level of flexibility, unique experience, transparent communication and customized design.