We are testing Methods of payment that are set up to use bridging accounts:
- A/R Credit Card MOP
- A/P Checks MOP
When using a General journal (Journal type: Daily), you can choose Functions > Select bridged transactions to populate transactions for a bridge account clearing account.
Issues:
1) Summarization - When the credit card company release funds from credit card transactions this is done as a single debit to the bank account. The bridge account clearing entries may number hundreds of transactions per day. Currently, each bridge account clearing entry has an offset debit to the bank account. This generates hundreds of bank account entries where I only want one bank account entry. Is there a way to summarize entries for the Bank account to a single entry?
2) Journal transaction dates - The journal transaction dates are being recorded as the date of the original entry that was sent to a bridge account. The date for clearing the bridge account entry may be much later than the original transaction date. Is there a way to default each journal line to the current date rather than inheriting the original transaction date?
Thanks in advance.
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