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On line purchasing through credit card

What can be the possible process we adopted to implement the online purchasing through e commerce websites using the credit card integrated with P2P cycle in this process. what is the accounting configuration required to achive this process.

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1 Answer

  • Jun 02, 2015 at 01:07 PM

    Hello Ankur,

    Are you talking about the sales process or the purchase process? Because this sounds little different then that you have this process in purchase.

    If it is a purchase process than explain the execution process at business level.

    Thanks

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    • I achived this using the down payment method,... through this method you can pay to the vendor after creating the purchase order, then u made advance payment, after when the material actually arrives to your plant location then u do the Goods Reciepts and invoice reciecpt, while invoice reciept you can clear the down payment.

      According to me this is the best process.