Credit Card Statements

Problem

what to do when the credit card statement comes in
Reconciling Credit Card accounts in Goldenseal accounting software

Diagnosis

When credit card statement arrives, follow these steps:

1. Open the credit card statement.
2. Choose Credit Card Transactions from the Accounts menu, and choose this account from the submenu (if the command is gray, choose the command that is black, then
3. Find each transaction from the statement. Enter this month or whatever you want into the Reconcile field.
4. Repeat step 3 for each line in the statement.
5. If paying interest or other charges, enter a new item into the Credit Card transaction window. Mark it in the Reconcile field.
6. When everything is entered, choose Reconcile from the Accounts menu.
7. If any errors, fix them.

Solution

To make a payment, follow these steps:

1. Choose Checking Transactions from the Accounts menu, and choose the account from which payment will be made.
2. Click the New button.
3. Choose a Checkbook.
4. Enter Credit Card into the Pay To popup menu.
5. Enter the account name into the Account menu.
6. Enter the amount you want to pay. HINT-- GS 2.9 and later will fill in the balance automatically.
7. Hit the Enter key. A transfer will be made automatically.

There is more about this in Special Topics.

Comments

Entered 2/20/01 by Dennis. Updated 10/24/2010.