Credit Card Acct in Gen.Ledg.

Jean_10862158
Jean_10862158 Member Posts: 117 Reckoner Reckoner
in Reckon One

I entered payments to bills paid by a Capricorn Card, and reconciled ok.
But because Reckon One doesn't give me the option of entering a bill for payment later like it does in Reckon Accounts, I though I would enter it manually.
BUT, when I start entering the bill, it won't let me give it the gen.ledg. account of the credit card in Liabilities that I need to put it against.
How do I get around this without creating extra work every month?
Thanks, Jean.

Answers

  • klaura
    klaura Reckon Staff Posts: 438 Reckon Staff Reckon Staff

    Hi @Jean_10862158,

    I would like to confirm whether you are looking to create a recurring monthly payment?

    Can you please provide additional details regarding the issue, such as a screenshot so we can take a look further.

    Best regards,

    Karren

  • Jean_10862158
    Jean_10862158 Member Posts: 117 Reckoner Reckoner

    Hi Karren, thank for your help.
    Yes it is a monthly recurring things, but the amount varies depending on what was bought with the card. It is the Capricorn Card. Towards the end of the month, in Reckon Accounts, the Reconciliation asked if I wanted to enter a bill for payment later. This worked very well.
    Now in Reckon One, it does not do that. So I went to enter a bill manually, and get to selecting the gen. ledg. account, it is not there to select.
    Below is how it shows in Reckon Accounts gen.ledg. where all this worked well.

    image.png

    and here it is in Reckon One

    image.png

    So it is there, there is just something in your software that is blocking the GL a.c from being used in Bills.

    image.png

    It is where the "Select account" field is, that this gen.ledg. a/c does not appear.

    Thanks

    Jean.

  • klaura
    klaura Reckon Staff Posts: 438 Reckon Staff Reckon Staff

    Hi Jean,

    Regarding the account field, it’s typically used for tracking the amount owed rather than the method of payment. When you create a bill, you’re recording the amount owed to a supplier. For making the payment, you can use your credit account in the "Make Payment" section.

    Best regards,

    Karren

  • Jean_10862158
    Jean_10862158 Member Posts: 117 Reckoner Reckoner

    That account field is where you select the general ledger account, which in this case should be the Card Account in Liabilities. The Card account in Liabilities has a balance from June, (made up of bills paid by the credit card) that has to be paid by end of July. I just wanted to enter a bill in Accounts Payable, to offset the Liability account so it doesn't get forgotten.

    This is how Reckon designed in Reckon Accounts desktop and was a very logical way to handle it. It seems Reckon One can't handle it.

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