Paying Your Credit Card Bill
When you write the check to pay your credit bill, you transfer money between your checking and credit card accounts if all transactions have been entered. If personal transactions have not been entered, the payment to pay off the account balance will be a split transaction that includes a line(s) for the family living (personal) portion of the payment.
| Example: | You pay your credit card bill from your farm checking account. In your farm checking account, you write a check to Master Card, Inc. for $657.50 to pay off your monthly credit card balance in full. |
| Date | Num | Payee | Memo | Category | Amount |
| 2/5/XX | 101 | Master Card, Inc. | --SPLIT-- | $657.50 | |
| **Split Screen Detail** | |||||
| Category | Memo | Amount | |||
| 1. [Farm Master Card] | 607.50 | ||||
| 2. Hfood | Anniversary dinner | 50.00 | |||
After the above payment is made, the outstanding balance in the Farm Master Card account will be zero.
**Note** If the restaurant charge of $50 had been entered in the Farm Master Card account register, the payment would have been a single line (rather than a split transaction) with the category being [Farm Master Card] and the amount paid $657.50.
**Note** Transactions and payments associated with a bank line of credit would be identical to the example above using a credit card account.
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