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Setting up a Credit Card as a Bank   
This is example is for AMEX
Go to Cash Management – Bank Accounts.  Set up AMEX as a Bank.
On the Posting Fasttab – you need to enter a value in the Bank Acc. Posting Group field.

This is associated with the Payable account you want the AMEX to hit


Next – go to a vendor card.  On the Payments tab select the Payment Method Code.  Create a new code to Reference AMEX.  Associate that Code with each Vendor you want to pay with AMEX


Create invoices as normal.  If they are normally an AMEX vendor and you will not be paying using AMEX – please remove it from the Payment Method Code field


When the invoice posts – it will post as a normal invoice (lines in yellow) and then it will post the payment (lines in white)


When you are ready to pay the AMEX bill – you can create a Bank Reconciliation for the entries.  Reconcile the AMEX bank off the statement.  The clearing amount would be an entry would be a positive to the AMEX Bank account and a credit entry to the Vendor AMEX.  Then you can cut a payment to the AMEX Vendor.

Keywords: Bank, credit card, bank rec, bank reconciliation