We record an outgoing payment of the type “account”. This will result in a credit to the G/L account associated with the credit card, and a debit to the select expense account(s).
If we aggregate the VISA expenses into a single outgoing payment, we will later reconcile the single transaction which does not match our statement. To be able to reconcile the credit card statement to our SAP reconciliation screen, we should enter the expenses as one outgoing payment line per VISA transaction.
Check the Account Balance – VISA Payable Account.