Credit Card Fee Code

Updated September 4, 2024

Applies to : Accounts Receivable, Prepayments

Part of the Credit Cards Fees functionality.

Under the Default GL Codes section, in the Credit Card Fees Code field, the user must define which GL Code the income from Credit Cards Fees will have entries automatically made to if the Payment Method is of a Visa/Mastercard Payment Type is used. 

The Credit Card Fee Code by its nature is a fee that is charged on top of the Total Invoice Amount and therefore, by default, the field requires a GL Account that is set to the Trading Income (Profit&Loss CR) type. However, the user may enter in a valid account number manually.