Sage 50 Pay Invoice By Credit Card – Setup or Accept CC Payments

Today banks mainly issue credit card payments. Processing credit card payments in Sage 50 is a straightforward process. Many methods are available in Sage 50 for paying the vendor through a credit card. However when you get the credit statement enter the purchase with the line description in which the G/L account ID is referred to as a credit card liability account. If you have already learned about Create Invoices In Sage 50 now it turns to learn more about how Sage 50 pays invoices by credit card.

How to Set Up Credit Card Accounts in Sage 50?

Before preceding the credit card purchase recording you need to set up certain G/L accounts in the chart of accounts in the company. Here are the steps to set up a credit card G/L account:

1. Locate the Menu named Maintain
2. Choose the Chart of Accounts tab
3. It will display the window named the Maintain Chart of Accounts
4. Fill in a new account ID associated with the liability section of the chart of accounts
5. Enter the account description
6. Choose the Accounts Payable option as the account type
7. Hit the Save button and then close the page

Whenever you are ready to set for Sage 50 Pay Invoice then you have to check out all payments options under the tab before proceeding properly.

Steps for making vendor payments using a credit card in Sage 50

You can directly process the credit card payments to the vendor. Here are the instructions:

1. Go to the menu named Tasks
2. Now choose one of the below options:
3. Choose Payments
4. Choose the Bills tab then hit Pay Bills
5. It will appear on the payments page
6. Fill in or select the Vendor ID related to the credit card company
7. It will appear on the vendor’s list, enter? In the box choose the button named lookup
8. If this is a manual check then fill in a check number in the field named Reference number
9. For a check printing, leave the field named Reference number/check blank
10. In case you are performing a payment record that was not applied with a check then fill in a reference number in the field named Reference number to discover the payments in the window named Reports account
11. Fill in or choose the payments
12. Click on the payment type in the field named Payment method
13. Hit on the payment method link to embed a new payment method if needed
14. Fill in the payment actual date
15. Choose the payment type in the field named payment method
16. Hit on the payment method link to embed a new payment method if needed
17. Fill in or choose the cash account that you need to add to process the payment
18. Choose the tab named Apply to expense
19. Now choose the credit card liability account to enter in the first line as the G/L account ID
20. Next, complete the payment reminder
21. Ensure that you fill in a description that discovers the payment purpose
22. Hit the Save button to save the transaction

Do you know even you can do Sage 50 Write Off Bad Debt easily along with Reverse Invoices Sage 50 easily whenever payment mode changes or payments received in part.

How to set up credit cards for vendors for purchases in Sage 50?

In this, you require setting up the credit card vendor to perform monthly payments. Here are the steps:

1. Click on the menu named Maintain
2. Choose Vendors button
3. It will appear on the Maintain Vendor page
4. Fill in a vendor ID with a credit card
5. Write a vendor name representing the credit card firms or bank
6. Fill in the extra information if required on the General option
7. Next, choose the tab named Purchase info
8. Click on the account named credit card liability as to the default purchase account
9. Once completed entering the vendor data you need to choose the Save button and then close the page

Setup Vendor Payments Processing Via Credit Card in Sage 50

How do You set up a New Payment Method to Process Credit Card Payments to the Vendors?

Here are the steps:

Generate a Payable Account:

1. Locate the chart of accounts you will require to set up a payable account
2. To perform this locate the company module
3. Hit on the drop-down arrow appears the icon named Chart of Accounts
4. Choose to Add Account tab
5. In case there is a default Sage 50 database & chart of accounts and you need to rename or renumber accounts while setting up the business then select the settings of the subgroup account
6. Hit Save button

Choose the sub-Group Account Settings.

Generate an Expense Account:

1. Find the account named mock Visa Expense in the sample company for a mode;
2. Simply select the subgroup account settings for the Account button & interest expense on the option named Class options

Now connect the payable /Expense Accounts with the below steps:

1. Locate the Setup tab
2. Click Settings option
3. Choose Credit cards below the section named company
4. Next, use the section named used for embedding the credit cards that you will access for business to vendors payment with

After this generate the payment with the following steps:

1. Create the payment according to the payment method setup
2. Next, use the drop-down button to choose the payment By tab you required

How to Change default Credit Card and bank information in Sage 50?

Only the account’s primary contact is authorized to update or change credit card and bank information.

• Open the Sage Customer Portal.
• Click Log on at the top-right corner.
• Enter your Username and Password to sign in.
• Go to My Account and select Payment Details.
• Scroll down and choose either Add New Change Card or Add Bank Account.
• Enter the required details and click Submit.
• To update an existing card, select Edit under the Card History section.

Assistance For Sage 50 Pay Invoice By Credit Card

That’s all for today!  I hope you can confidently implement the above information for Sage 50 to pay invoices by credit card. The post’s main objective is to simplify credit card payments in Sage 50 so if you have any doubts or questions, get connected with the Accountspro professional team. Contact the team with a Sage 50 Chat, phone number, or email address.

Frequently Asked Questions