To record a payment on a credit card account

If you haven’t already read the Spend Money Overview, see Using the Spend Money window to record credit card purchases for more information.

The Spend Money window should be open.

  1. Choose the account you’ll use to make this payment from the list of accounts at the top of the window.
  2. Enter the credit card company’s name and address. Enter the amount you’ll pay. Enter a memo to identify the transaction.
  3. For the principal amount of the bill, enter the liability account you’ve created to track purchases made with this credit card in the Allocation Account column. Enter the amount of principal.

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.

  1. When the Out of Balance amount is zero, click Record.

To record a payment on a credit card account