How to setup and use credit card statement feature

Credit Card Statement Processing – retrieve your credit card statement for review. Microix can automatically create the invoice, submit for approval and transfer to accounting for approval.

Microix utilizes OFX to receive data from financial institutions: We do not save the user ID and password so this will have to be entered each time they need to download the CC statements.

What is OFX?
- Open Financial Exchange (OFX) is a unified specification that financial institutions can adopt for the exchange of financial data over the internet.
- Created jointly by Intuit, Microsoft and CheckFree in early 1997, OFX streamlines the work financial institutions need to do to connect to multiple customer interfaces, processors and systems integrators.
- OFX is the language that Quicken and QuickBooks speak to other software applications when they request and receive financial information. When a customer downloads their account data, this data request is encoded in OFX and transparently transmitted over the internet to an OFX Web server.
- The server accesses the customer’s account data and returns it to Quicken or QuickBooks in OFX format.


Please note: Must be on version 2013 no additional charge however, this feature is not supported by all banks. Additionally, some banks may charge monthly fees for Microix to access the data.

1. How to setup credit card statement processing.



2. How an employee can retrieve their credit card statement for review and submit it for approval.



3. Navigate to My Documents to open and review the charges, attach receipts, code the expenses and submit for approval.