How to pay bills with a credit card and how to pay the credit card bill in Accounting Express, in Accounting Professional, and in Small Business Accounting

INTRODUCTION

This article describes how to pay for items with a credit card and how to pay the credit card vendor in Microsoft Office Accounting Express, in Microsoft Office Accounting Professional, and in Microsoft Office Small Business Accounting.

More Information

Pay for items with a credit card

  1. Create a vendor bill for the vendor from which you purchased the items. To do this, click Enter Bills on the Vendors menu. Enter the information for the bill.

    Accounting Express, Accounting Professional, and Small Business Accounting debit the expenses, the inventory assets, or the accounts that you select, and credit the Accounts Payable account.
  2. On the Vendors menu, click Pay Bills.
  3. In the Pay from field, click the credit card account that you want to use to pay the bill. If the credit card account is not in the list, create the account.
  4. In the Payment method list, select Credit Card.
  5. In the Bills due list, click to select the check box next to the bill that you want to pay, and then apply any credits or cash discounts.
  6. Click Save and Close.

    Accounting Express, Accounting Professional, and Small Business Accounting debit the Accounts Payable account and credit the credit card account that you selected in step 3.

Pay the credit card vendor

  1. On the Banking menu, click Write Checks.
  2. In the Bank account list, click the account from which you want to pay the vendor bill.
  3. In the Pay to field, click the credit card vendor that you want to pay. If the vendor is not in the list, create the vendor.
  4. In the Amount box, type the amount that you want to pay.
  5. In the Items and expenses area, click the credit card liability account that was used in step 3 of the "Pay for items with a credit card" section.
  6. In the Line Total box, type the payment amount so that the amount matches the amount in the Amount box.

    Note If the amounts differ, you will receive an error message when you click Save and Close. The message says that the Line Total amount must match the check amount.
  7. Click Save and Close.

    Accounting Express, Accounting Professional, and Small Business Accounting debit the credit card account and credit the bank account that you used for the check.
Proprietà

ID articolo: 898560 - Ultima revisione: 24 ott 2007 - Revisione: 1

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