The cash basis Balance Sheet might show this credit card payment amount if it is not paid by the date you prepare your financials. The vendor bill simply decreases the balance owed on the credit card liability account. If you selected one of the other two options, you need to create a vendor bill or check and in the Account column of the transaction assign the Credit Card type account you previously recorded the transactions to.If you selected to enter a bill to your credit card vendor, pay the bill as you do other bills, paying it partially or in full.Options for paying your credit card bill include the following: To see whether your card offers this option, select Banking, Online Banking, Participating Financial Institutions from the menu bar. Not all credit card providers offer this functionality.
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