Recording a Payment

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Only Asset, Liability, and Expense accounts can be used with the Payments utility.

  1.  Click the “New Transaction” drop-down menu and select “Payment.”
  2. Enter the memo (optional).
  3. Enter the date.
  4. Enter the payee (optional).
  5. Choose your Asset or Liability account and enter the payment amount.
  6. Choose your Expense account(s) and adjust the amounts as needed.
  7. If you wish for the payment to recur, click the “Make Recurring” button and then enter your recurring information.
  8. Verify your information in the Debits and Credits sections; then click the “Save” button.
  9. A message will appear to notify you that your payment is complete.

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