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How do I account for Credit Card Merchant account in Tally or other accounting software package?

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ELMER TAMAYO

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Apr 14, 2012, 10:37:13 AM4/14/12
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I really need to build groups of accounts to get a enterprise in Tally
or other accounting software package. I've two merchant accounts with
distinctive credit card providers. Among them credits my account in
their bank and only sends me a statement of quantity and commissions -
other sends me a cheque just after deducting the commissions. - How do
I account for such accounts when producing entries in to accounting
software package? Thanks for the time and support.





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