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