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Dynamics 365 Community / Forums / Microsoft Dynamics GP (Archived) / Credit Card as Cash Re...
Microsoft Dynamics GP (Archived)

Credit Card as Cash Receipt

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Posted on by Bill Campbell

We have a situation with a client that has a Credit card payment service provider that will hold the transaction funds from the CC payment for up to 2 days after the process is handled via the 'machine'

My question has to do with how to handle this in Cash Receipts.

1. Does everyone record the transaction as Credit Card and then enter the Card Number, Expiry info

2. Does anyone record the CC payment as CHECK and record the Authorization number in the Check Number field?

3. What about how to record to the Bank for (1) deposit purpose and (2) for reconciling purpose.

Lots of questions, but complex issue and we are trying to figure out the simplest method for the user.

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  • Lyn Barr Profile Picture
    Lyn Barr on at
    RE: Credit Card as Cash Receipt

    If you're going for the simplest answer, I'm with Kirk, and suggest you look into Credit Card Advantage (CCA), from Nodus.

    I do have customers who use the process you describe in #2, so that can be a viable option.

    As for the bank reconciliation, it can be tough, I'll admit. Ideally, receipts would be grouped in deposits that match the end-of-day CC batches, separately for each card (Visa, MC, Amex, etc). Then, any CC fees would be recorded as bank transactions.

  • KirkLivermont Profile Picture
    KirkLivermont 5,985 on at
    RE: Credit Card as Cash Receipt

    Bill,

    Is this a POS transaction handled outside of GP?

    Have you talked to Nodus Technologies about this project? They have several products that might be much easier for the client than using cash receipts.

    To question number one I don't believe the GP encryption in natively secure enough to meet PCI compliance standards. I believe you could record the expiration and last four digits of the card using this method and remain compliant.

    Regards,

    Kirk

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