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A credit card charge is a cash purchase made with a credit card.
Sample Credit Card Charge
The only difference between a cash purchase and a credit card charge is that the payment method is defaulted to credit card.
This is how it works:
- Just like the cash purchase, the credit card charge updates inventory (when applicable) the moment it is saved.
- The credit card charge will credit and debit the total amount to accounts payable, leaving the vendor balance unchanged.
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