by mthadm » Sat Nov 01, 2008 2:14 am
There are couple of ways to record a payment of a balance on a credit card account
1) Transfer from a funding account, for example checking account into a credit card.
On the checking account side this will appear as a "Payment", on a Credit card account side the transaction will appear as a "Deposit"
Or, in other words, checking account decreased in value and credit card increased in value.
If you made a mistake on a transfer you always can put a minus sign in the amount field and that will reverse the transaction
2) From a checking account side please select "Withdrawals" tab, please enter a payee name, for example "Credit Card Payment",
please select Transfer Category and you credit card account should appear in the Subcategory list. Please select it and record the payment
This is functionally similar to the #1 but allows you assign a payee if you so desire, whereas transfers are payeeless.
Let us know if you have further questions,