Changing the GL on a Payment Method

Good afternoon Tessiturians!

As I'm sure many of you know, Discover transactions are now being lumped in with VISA/MC transactions.  As a result, our Accounting Team has asked us to change the GLs on our Discover Payment Methods to point to the same GLs that our VISA/MC payment methods use.

My question is this... is there any reason not to change the GL on the existing Payment Method?  Or should I go to the trouble of creating an all new Payment Method to replace the ones currently in use?

 

Many thanks!
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  • Former Member
    Former Member $organization

    I'd be more likely to just update the GLs on the existing payment method(s). The only thing I would keep in mind is that if you unpost and then re-post any old batches, you will get the new GL codes instead of the originals.  This might cause some confusion for finance.

    - Levi

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  • Former Member
    Former Member $organization

    I'd be more likely to just update the GLs on the existing payment method(s). The only thing I would keep in mind is that if you unpost and then re-post any old batches, you will get the new GL codes instead of the originals.  This might cause some confusion for finance.

    - Levi

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