Accounting for Paying a Credit Card Bill

When you receive a credit card statement:

  1. First, reconcile the account
  2. Then, to pay the bill, find the account in your chart of accounts and select "Pay Bill" from its action drop-down. 
  3. Choose how you want to pay the bill:
    1. Create a bill in MonkeyPod that you can pay later
    2. Write a check that you'll print later
    3. Record a check that has already been printed (this also works for electronic payments or other "check-like" payments)
  4. Enter the relevant information and submit.

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