How to reconcile a Credit Card Bill?

Question asked by Jo Scott 7 years ago

So I have a Bank Account and a Credit Card Account set up

I have a bill created for everything charged to the comapny credit card

How do I pay the credit card bill from the Bank account in Clearbooks?

3 Replies

You've created a bill payable to X Credit Card Company and listed the individual credit card transactions within that bill?

Firstly, that's not really the way you should do it as the timing of the expenses within could be off come year-end. I'd personally create individual bills (or Money Out transactions) for each item, then paying for the item (or taking the money out of) the credit card account.

In your current circumstance, you simply pay the bill from the bank account like you would any other bill.

why do you not phone support on 020 3475 4744 ?

I would like to suggest going to the Help pages, but quite often, they don't exist - management please take note !

You've created a bill payable to X Credit Card Company and listed the individual credit card transactions within that bill?

Firstly, that's not really the way you should do it as the timing of the expenses within could be off come year-end. I'd personally create individual bills (or Money Out transactions) for each item, then paying for the item (or taking the money out of) the credit card account.

In your current circumstance, you simply pay the bill from the bank account like you would any other bill.

Reply to this question

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are