To record a payment on a credit card account

The Spend Money window should be displayed. (To find the Spend Money window)

1. From the list of accounts in the upper left corner of the window, choose the checking account that is being used to make the credit card payment.
2. If you've created a card for your credit card issuer, enter or choose the card in the Card field. Otherwise enter the issuer's name and address in the Payee field.:
3. Review the default entries that are provided for you. Be sure the memo is short but descriptive; it can be used to identify the transaction in the Find Transaction window and on reports later on. Also be sure the date is correct.
4. In the Amount field, enter the amount being paid.
5. In the scrolling list in the middle of the window, allocate the payment to the proper allocation account(s). These generally are expense accounts. You can create a single line item for a general credit card expense account if you don't need much detail; if you track expenses in detail, you can enter a separate line item for every expense that appears on your credit card statement. Be sure to enter the amount being paid against each expense account.

For a finance charge amount, create another line item, using your finance charge expense account in the Allocation Account column. Enter the amount of the finance charge.

6. When the Out of Balance amount is zero, click Print if you want a printed check, or Record if you don't need a printed check at this time. If you like, you can print the check later using the Print Checks window.

BankingSpending Money