How does the accounting for virtual card payments work?

There are several steps in the accounting associated with virtual card payments.

A funding card account represents the virtual card billing account that merges the multiple virtual cards settled during the billing period.

Event	Debit	Credit
Supplier invoice is validated and accounted	Expense account	Supplier liability
Virtual card payment instruction is generated	Supplier liability	Funding card clearing account
Invoice created for card issuer	Funding card clearing account	Card issuer liability
Payment to card issuer is generated	Card issuer liability	Cash clearing account
Reconciliation of payment	Cash clearing account	Cash