Credit Cards and Vantage

Yahoo Archive
1
Thanks Jim. We are going to have to do the same thing. I was hoping - the
bank would deduct the fees per transaction but they don't. At the end of
the month the deduct a lump sum. The owner of the co. wants to transfer
every night the balance in that account. At the end of the month - I am
going to have to figure out what the "fees" are going to be and transfer
back or the last transaction - don't transfer it all.



Have a Nice Day,

Dina Hieber
Vamco International, Inc.
Phone (412) 963-7100
Fax; (412) 963-7160

www.vamcointernational.com

-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of
Jim Frice
Sent: Thursday, October 20, 2005 9:30 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Credit Cards and Vantage

Dina,
Set up two bank accounts in vantage and process the credit card payments as
a cash receipt group hitting the proper bank. At the end of the month you
can then do a bank transfer to move it from your one bank account to the
other. We book the fees as a journal entry at month end with some of the
other automatic payments that we have coming out of our account. Hope that
helps.

Jim Frice
William Frick & Company
Assistant Controller
Phone: 847-918-7357
Fax: 847-918-3701
email: jim.frice@...


-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf Of
dhieber
Sent: Thursday, October 20, 2005 8:16 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Credti Cards and Vantage


Thanks Tricia.

I have to ask the Bank about the fees. I was under the impression - they
take out the fees at the end of the month. But it would be a lot easier
if
they would deduct them per payment.

I don't think we are going to have a large volume just high cost.

Thanks - that does help me.

Have a Nice Day,

Dina Hieber
Vamco International, Inc.
Phone (412) 963-7100
Fax; (412) 963-7160

www.vamcointernational.com
-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of
Tricia Simon
Sent: Thursday, October 20, 2005 8:14 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Credti Cards and Vantage

Dina,

Don't know what your volume is for the credit cards - we average about 3 a
week. I don't store ANY of the credit card data in Vantage due to
Security
issues (ID theft laws are strengthening!). We utilize a program from our
bank to process the credit cards. Funds are deposited into our bank
account
within 2 days (usually 1 day) with the associated fees already deducted.
We
then enter a cash receipt with the fees "charged" to discounts. I do a
journal entry at month-end to reclass those charges to Bank Charges.
Since
our volume isn't too large, it's not too cumbersome. For what it's worth,
if your volume is large enough, make sure you've protected yourself in
relation to the ID theft laws and related security issues.

Tricia


-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf
Of dhieber
Sent: Wednesday, October 19, 2005 3:03 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Credti Cards and Vantage


I know most everyone is at Prespectives. But hopefully someone can answer
my question.



We are now accepting credit cards. But how do I set this up in Vantage.
I
am assuming I would apply the payment the same way but how about the fee
(percentage the bank is charging me) Shouldn't I somehow show this in
Vantage - so at the end of the month - I know how much they are suppose to
be charging me? Also we have a separate bank account just for cc's and
every night I have to transfer the $ out that account into the regular
account - I need someway to tract how much money to put / leave in there
at
the end of the month.



What steps do everyone else take? Any advise would be helpful



Have a Nice Day,



Dina Hieber

Vamco International, Inc.

Phone (412) 963-7100

Fax; (412) 963-7160



www.vamcointernational.com





[Non-text portions of this message have been removed]




Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links











Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links












Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links



SPONSORED LINKS Manufacturing software Membership database software
Database mortgage software
Pda database software Database management software Database
marketing software


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YAHOO! GROUPS LINKS

a.. Visit your group "vantage" on the web.

b.. To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com

c.. Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.


----------------------------------------------------------------------------
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[Non-text portions of this message have been removed]




Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links
2
Dina,
Set up two bank accounts in vantage and process the credit card payments as
a cash receipt group hitting the proper bank. At the end of the month you
can then do a bank transfer to move it from your one bank account to the
other. We book the fees as a journal entry at month end with some of the
other automatic payments that we have coming out of our account. Hope that
helps.

Jim Frice
William Frick & Company
Assistant Controller
Phone: 847-918-7357
Fax: 847-918-3701
email: jim.frice@...


-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf Of
dhieber
Sent: Thursday, October 20, 2005 8:16 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Credti Cards and Vantage


Thanks Tricia.

I have to ask the Bank about the fees. I was under the impression - they
take out the fees at the end of the month. But it would be a lot easier
if
they would deduct them per payment.

I don't think we are going to have a large volume just high cost.

Thanks - that does help me.

Have a Nice Day,

Dina Hieber
Vamco International, Inc.
Phone (412) 963-7100
Fax; (412) 963-7160

www.vamcointernational.com
-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf
Of
Tricia Simon
Sent: Thursday, October 20, 2005 8:14 AM
To: vantage@yahoogroups.com
Subject: RE: [Vantage] Credti Cards and Vantage

Dina,

Don't know what your volume is for the credit cards - we average about 3 a
week. I don't store ANY of the credit card data in Vantage due to
Security
issues (ID theft laws are strengthening!). We utilize a program from our
bank to process the credit cards. Funds are deposited into our bank
account
within 2 days (usually 1 day) with the associated fees already deducted.
We
then enter a cash receipt with the fees "charged" to discounts. I do a
journal entry at month-end to reclass those charges to Bank Charges.
Since
our volume isn't too large, it's not too cumbersome. For what it's worth,
if your volume is large enough, make sure you've protected yourself in
relation to the ID theft laws and related security issues.

Tricia


-----Original Message-----
From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com]On Behalf
Of dhieber
Sent: Wednesday, October 19, 2005 3:03 PM
To: vantage@yahoogroups.com
Subject: [Vantage] Credti Cards and Vantage


I know most everyone is at Prespectives. But hopefully someone can answer
my question.



We are now accepting credit cards. But how do I set this up in Vantage.
I
am assuming I would apply the payment the same way but how about the fee
(percentage the bank is charging me) Shouldn't I somehow show this in
Vantage - so at the end of the month - I know how much they are suppose to
be charging me? Also we have a separate bank account just for cc's and
every night I have to transfer the $ out that account into the regular
account - I need someway to tract how much money to put / leave in there
at
the end of the month.



What steps do everyone else take? Any advise would be helpful



Have a Nice Day,



Dina Hieber

Vamco International, Inc.

Phone (412) 963-7100

Fax; (412) 963-7160



www.vamcointernational.com





[Non-text portions of this message have been removed]




Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links











Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have
already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links
Yahoo! Groups Links












Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must
have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and
Crystal Reports and other 'goodies', please goto:
http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto:
http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto:
http://groups.yahoo.com/group/vantage/links



SPONSORED LINKS Manufacturing software Membership database software
Database mortgage software
Pda database software Database management software Database
marketing software


----------------------------------------------------------------------------
--
YAHOO! GROUPS LINKS

a.. Visit your group "vantage" on the web.

b.. To unsubscribe from this group, send an email to:
vantage-unsubscribe@yahoogroups.com

c.. Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.


----------------------------------------------------------------------------
--



[Non-text portions of this message have been removed]