Amex being the vendor has many invoices on its statement. When paying the statement in bulk (one lump sum at the end of the month) through a wire transfer at the bank separate from Adagio, how do I show which invoices or go back and enter which were covered by that one lump sum in Adagio?

There are a couple of ways of doing this, depending on how elegant (expensive) you want the solution to be, whether you pay your credit card bill in full each month, how strong your accounting background is, and which modules you are using in Adagio (specifically whether you are using PurchaseOrders).

If you send me an email - steve@sschwartzcpa.com - I will send you a document I have prepared that lays out a basic solution.

Steve

Hi,

This document on our Tech Tips page describes how to set up Adagio Payables, Ledger and BankRec to deal with Credit Cards.

See if it helps out.

Hi,

There is also a Link2Points software solution that does exactly what you are typing to do with identifying the invoices that are paid by AMEX or whatever credit cards you are using. A lot of sites are looking for this type of solution.

You select the invoices that are paid by a credit card, and they are transferred to the AMEX vendor's account and show up in the originating vendor's account as being paid by AMEX. Then you do your wire transfer to AMEX and pick off the invoices that have the vendor invoice and vendor name on the invoice listing for AMEX, as being paid.

Link2Points integrates seamlessly into Adagio payables 8.1 and 9.2. Your Adagio dealer can get you details or you can browse through the software specifications at www.link2systems.com.

Best,
Brian