Collection by Credit Card Case Study

Case

With the development of technology, credit cards, which are widely used today and preferred to make life easier, have become even more preferred with the pandemic process. Desiring to benefit from all the blessings of technology, Acme Holding has stepped into the period of making the payments to be made to its party with Credit card collection transactions. Acme Holding, which receives the payments made by its customers to the bank in 4 installments with a single payment with a credit card, has set the date of transferring the collection to the account 1 day later and transferred it to the bank account.

Transactions

Preliminary Transactions

1. Define an account you will sell to.
2. Define bank accounts.
3. Define credit cards.
4. Define virtual pos.
5. Define credit card payment/collection methods.

Main Transactions

1. Issue a sales invoice to a current account.
2. Get the collection by credit card.
3. When the day of the transfer to the credit card account comes, select the collection from the list and transfer it to your bank account.
   

Post-Transactions

1. Go to the bank transactions page and check that the "Transfer of Credit Card to Account" process has taken place.
2. Check the debit-credit breakdown of the current account by going to the "Debt/Credit Breakdown" page.
3. Check accounting transactions 

You can do study, training, developmental testing and learning activities on your own through the example case above.