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title: "Define Credit Cards"
canonical: "https://kb.myframeworks.com.au/space/PROSTIXV48DOC/31100318/Define%20Credit%20Cards"
format: markdown
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American Express and Diners are treated as Credit Cards. The fee associated with using this card is defined in this option. When the tender type for a POS sale is Credit Card, the gross amount is reduced by this pre-defined bank fee – only the reduced amount is posted to the cash clearing account while the bank fee is posted to the Credit Card Fees General Ledger account defined as a Company Control account. All other debit/credit cards should be treated as EFTPOS rather than be set up here, that is the gross amount is posted directly to the bank account and the fee associated with using this tender type is processed as a bank fee when the bank statement is reconciled. It is highly recommended that a Cash Clearing account is used to eliminate multiple entries on a daily basis to the bank General Ledger account. When this account is used, the value of POS transactions accumulate till by till until the bank deposit is printed when these accumulated funds are journalled out of the cash clearing account into the bank General Ledger account – one entry to the bank for all those POS sales. This amount should only include the total of all cash and cheque transactions (EFTPOS is already in the bank) – the Credit Card amount should be left in the cash clearing account until such time as the Credit Card transactions have hit the actual bank account, that is, evident on the Bank Statement. At this stage, the amount in question should be transferred to the bank General Ledger account via a General Journal. If this is done before an e-banking import, there’s every chance that the two transactions will automatically match. If the journal is performed after the ebanking import, you need to manually match the transactions. Define Credit Cards To define the types of Credit Cards accepted at Point of Sale, define the floor and authority limits for each type of card, set the fees associated with the use of each card and define the clearing accounts for each card type per branch, perform the following. 1. From the  ProStix Main Menu  select  'Point of   Sale'   then  'File Maintenance'  then  'Define Credit Cards' . 2. The ' Credit Cards ' screen lists the Credit Cards that have been previously defined. 3.  To add a Credit Card record , select<F6> (Add). Refer to the 'Add Credit Card/s fields' collapsible link below for a screenshot and an explanation of the fields and descriptions. 4.  To modify a Credit Card record , locate the required credit card then select <F7> (Change). Type/update the required changes, then select <F1> 5.  To delete a Credit Card record , locate the required credit card, then select<F5> (Delete). 6. Refer to the collapsible links below for an explanation of further options: