Only Asset, Liability, and Expense accounts can be used when entering payments..
- Click the “New Transaction” drop-down menu and select “Payment.”
- Enter the memo (optional).
- Enter the date.
- Enter the payee (optional).
- Choose your Asset or Liability account and enter the payment amount.
- Choose your Expense account(s) and adjust the amounts as needed.
- If you wish for the payment to recur, click the “Make Recurring” button and then enter your recurring information.
- Verify your information in the Debits and Credits sections; then click the “Save” button.
- A message will appear to notify you that your payment is complete.