Accounts Receivables Credit Card Transfer

The Credit Cards Transfer feature allows you to transfer credit card transactions posted to future reservations (deposit ledger), in-house reservation folios (guest ledger), or AR accounts (city ledger) to AR debtor accounts set up for the respective credit card merchants while awaiting payment from the merchant.

At the time of transfer to the merchants’ AR account, the individual credit card transactions you select are compressed into a single invoice. From within Accounts Receivables, you can then reconcile outstanding invoice amounts and process remittance payments from the credit card merchants.

If the Consolidate Credit Card AR OPERA Control is enabled, all credit card payments are automatically compressed and transferred to their respective AR Accounts during the End of Day processing.

If the Consolidate Credit Card AR OPERA Control is not enabled, and the credit card payments have not been manually transferred into AR, OPERA Cloud automatically compresses and transfers the credit card transactions that are older than 60 days during its End of Day processing.

Note:

Transactions are available for transfer to AR immediately when a payment is posted using a credit card payment transaction code that has an AR account associated with it.

To use the AR Credit Cards feature, each credit card payment transaction code must be associated with an AR account.

1. Create an AR Account for the credit card merchant Managing Accounts Receivables Accounts. Select a suitable AR Account Type to separate these AR accounts from companies, agents, or other categorizations Configuring Accounts Receivable Account Types.

2. Link the AR Account in Transaction Code Configuration for the credit card payment transaction code Adding Transaction Codes. Note that only one AR account can exist for the AR Credit Card profile for the property.

• Managing AR Credit Card Transfer