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We've been grouping our monthly charges by GL account number.  While in theory this works it doesn't allow for auditing without the bill in hand.  (In other words, when you see a charge to "office supplies" for $500 you don't know if it is 500 $1 items or 1 $500 item.)  I've thought about entering each charge via AP-B when received by the employee (prior to the bill), however AMEX gives discounts for various vendors (such as Hertz, etc.) so that when you get the bill the actual charge is less than the receipt turned in.
 
What about having a CC type GL account?  Then you could point it to a "charged not invoiced" liability account.  Once the bill was received you could reconcile it like you do PO invoices and adjust the price like you do with inventory items.
 
Maybe you've already come up with something better... I just reviewed our AMEX charges for 2005 and realized that many items were posted to the wrong account.  So, I'd really like to eliminate the grouping method.

How do you account for discounts given?  (example: 5% open savings for Hertz, etc.  Some discounts make the statement cycle date and some show up the following month.  Do you process a CR or do you show it as a "discount given"?)

Ok, maybe it's that winter has appeared here in Montana and my brain is a little frozen, but I'm still not sure if I fully understand how you're processing CCs.  Is this right?  Am I making it to complicated??
 
1.  AM-C Set up GL liability account # 2075 "Amex Charges Not Invoiced".
2.  AD-B Add "American Express CC" account using GL account # 2075.
3.  GL-B Enter charges as CD type as needed to debit expense & credit # 2075.
4.  AP-B Enter voucher for total due on bill, distribution account # 2075.
5.  GL-J To reconcile AMEX CC account enter the amount due on the statement as a NEGATIVE amount.  Select all processed charges.  (The current bill amount is selected when received by AMEX.)
 
Thanks for your help!!

Yes, that is exactly what we do.  For PO invoices, we enter them as a COD invoice and select Credit Card charges as the account as Lynn mentioned.  
 
Once it is set up it is not nearly so cumbersome  

Quote from wildco   on 11/17/05 at 10:18:21:

Just curious - do you set up each payee as a vendor? Seems it would be very difficult. OTOH, if you just use the CC Vendor, how do you come up with Invoice numbers? I'd like to go this route but would rather learn from other people's mistakes - I make enough already

I'll ruminate on that thought. I don't care for the idea of having to look up to see how many others are on the same day. I think I'll consider using the first letter(s) of the vendor name as a suffix instead of the number of invoices from that day. If I don't put a dash in between the date and the suffix there's still room to add a numerical suffix to the vendor "code".

Yes, that should work and GL-K now has the same kind of Notes capability as GL-B so you can also enter description.