Lanai,
Adding onto what Tanya wrote...
I recently was asked to connect Chase Corporate Visa to a customer. This was the card they used to pay invoices or use for Expense Reporting. I normally can import a credit card statement and as Tanya mention, book the Credit to the Clearing Account and Debit to the various Expense accounts. The Statement posts to the Vendor and offset to the Clearing Account and then paid.
Now this seems somewhat simple but to make this easy and fully integrated seamlessly, you might consider CC/Expense APP, like Continia Expense - appsource.microsoft.com/.../pubid.continia365|aid.8d4eab29-8c7f-4b6c-be9a-b7fdfb9da196|pappid.8d4eab29-8c7f-4b6c-be9a-b7fdfb9da196
Again both solutions work its just the APP offered processing, approval, integration, account coding and other features which the AP department did not have to do.
Hope this helps.
Thanks,
Steve
