how to set up a prepaid visa card for fuel purchases and how to enter transactions in premier 2017
StaceyL123
Member Posts: 27 ✭✭
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can you please provide a little more detail on this so we can help with options.
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Hi StaceyL123. The simplest way would be to create a Credit Card Account called something like Prepaid Visa - name of person (if applicable). The EFT that created a credit to the Prepaid Card would then be the first transaction and instead of a expense account on the "cheque"/EFT, you would use the newly created Visa Prepaid account. Each time the card was used, you would treat this as a Credit Card Charge (in a similar manner as you would do with a Cheque - it is the same type of transaction).and would be coded to you fuel expense account.
John L G.0 -
we recently got a prepaid visa card from the post office. This gets topped up from the business account using EFTPOS card at the post office. $206.95 initially - $200 to use and $6.95 set up fee.
One employee uses the card to fill up with fuel and other expenses. I want to know how to set it up will it be a bank account or other current liability. Then I need to put the bills in as they have gst attached to them. As this will be an ongoing - how do I go about it.
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I will experiment with that and see what happens.
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