Whenever you send a payment for a credit card debt or vendor balance due, select the Spend Money screen.
Some of the payments you send out are not a direct payment for the purchase of goods or services, or they represent goods you have already recorded. These payments are recorded as Payment Sent.
Transaction Type: select Payment Sent
Credit Co: select the vendor or credit card company
Transaction Date: select the date you sent the payment
Debts Paid: In this section select Accounts Payable if you are paying a vendor, or the credit card account you are making a payment on.
Paid With: This is the area to record the cash, checks, cards you use to pay. If you write a check or use an online payment from your bank account, select the appropriate bank account. You could also use a credit card to pay a vendor, or if you roll a balance from one credit card to another.
The total of the debts paid must equal the total of the payment methods.
Posted in: Basics