Credit Card Processing

Hi, I'm Jenny. 

With all the incentives credit card companies offer school districts these days, it's no wonder they've become a preferred payment method for many purchasing departments. 

But tracking down receipts and reconciling transactions against bank statements can be a complicated and time-consuming process. 

With Skyward, it doesn't need to be that way. 

When a file from your credit card company is loaded into Skyward, an automatic email will be sent to each staff member who made a transaction with that card. 

When they log in to Skyward, they can click Edit to review the transaction. 

They can check to be sure the information is accurate, add attachments such as receipts, and then submit the purchase for approval. 

Once the transactions have been approved, you can generate the accounts payable invoice statement. 

Begin by clicking Build Invoices. 

Enter basic information like the batch number, invoice, description, and bank account. 

Then click Process and Okay. 

A verification report will pop up identifying all of the fully approved transactions. 

The total dollar amount should match your bank statement. 

If there is a discrepancy, Skyward's pre-built reports will identify which transactions are missing. 

When the form is correct, you can close it. 

A second pop up will appear prompting you to finish generating the accounts payable invoice. 

If you're not already taking advantage of the benefits, and simplicity, of using a credit card, there's no better time to start than today. 

Work smarter by using Skyward's credit card processing feature. 

Stay tuned for more Quick Hits for CFOs coming soon.