How to set up a direct credit card feed in NetSuite? How to configure it to replace manual journal entries?

AI generated answer (using internal Slack threads):

To set up a direct credit card feed in NetSuite and configure it to replace manual journal entries, you can follow these steps: 1. Set up a credit card account in your chart of accounts. This will be used to record all transactions made with the corporate credit card. 2. Use the Expense Reporting feature in NetSuite. When creating an expense report, select 'Credit Card' as the type and at the line level choose 'Corporate Card'. This will directly debit your expense and credit the credit card account. No payment is required after this. 3. For large expense reports, you can use CSV uploads. This might require assistance from your accounting/payable department. 4. For expenses paid via credit card that don’t have a “bill”, you can record them via Transactions -> Bank -> Use Credit Card. This will require a credit card account to perform this operation. 5. If you are using a third-party tool like Expensify, you can set up an auto-sync with NetSuite. Head to Settings -> Domain Control -> [Domain Name] -> Company Cards then click on the gear next to each card holder to assign the NetSuite account number then select the default vendor. Remember, the process might not be user-friendly for C-level executives and might require assistance from your accounting/payable department. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******