Record a Credit Card Payment

You can record your credit card payments to ensure proper tracking, reporting, and accounting.

Record a Credit Card Payment

To record a credit card payment:

1. Reconcile your credit card statement.
2. Create a Bank to Bank Transfer from your operating account to your credit card account.Take these specific actions during the transfer process:
   
   • On the Transfer Details screen, click Transfer Funds from Business/Operating Bank to Credit Card Bank.
   • In the Provide Transfer Details screen’s Amount field, enter the transaction amount.
   • From the From field drop-down, click the operating bank from which you want to draw the funds.
   • From the To field’s drop down, select the credit card account to which you want to apply payment.
     The total balance of the operating and credit card accounts will display beneath them.
     
   • On the Additional Information screen, select the transaction date.
   • Select the Type and Method of the transaction from the drop-down.
   • In the Payee field, enter your credit card provider.
   • In the Memo field, enter the reason for the payment.