Receive payment through Credit Card
How to receive payment through Credit Card in SwilERP (RetailGraph)
In RetailGraph, if we want to make/receive payment by credit Card then, First of all, we need to make a credit card in credit card type as shown in the below image.
2. We need to click on new & make a credit card type.
While creating a new credit card, we need to select an account in which posting will be done. Either we can create a new account or we can select an existing account accordingly. In the below image, we have created a new account in the name of
‘MASTER CARD’ with account group ‘Sundry Debtors’.
And we have selected the newly created account in credit card type.
While getting done payment through credit card, we need to select Card option in Payment details in sales/purchase transaction.
if in credit card, Ledger account group ‘Sundry Creditors’ is selected in the purchase & ‘Sundry Debtors is selected in Sales then all these transactions will be reflected in Payables/ Receivables respectively.
And to clear all these transactions from Payables/Receivables, we need to adjust the same in Payment and Receipt by selecting an account.
8. After doing the above process. transactions won’t reflect in Payment/Receivables. Apart from it, we can also change the account group of the account which is selected in credit card type as shown in the below image.
In this case, we don’t need to make receipt/ payment entry as credit card transactions won’t show in receivable/payable.
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