Tip: Using the Credit page
1/17/2007 in ClearCheckbook News
In order to use the Credit page, you need to have at least one credit card set up on the site. To do this, go to the "Settings" tab and click on "Manage Account Types" and make sure one of your accounts has the type "Credit Card."
When you make purchases on your credit card and add them to the site, they will show up on the "Credit" page. To get to the "Credit" page, click on "Accounts" and then click on "Credit." This page will list all your credit card purchases. If you have multiple credit cards, you can use the drop down box to select a specific one.
The main goal of the Credit page is to allow you to "pay off" your credit card bill and identify which purchases were included on this bill. To do this, when it comes time to pay off your credit card bill, select the check box next to each payment listed. When you have selected all the payments on the bill, click the "Pay Purchases" button.
This also serves an additional purpose of making sure that all entries on your credit card statement are accounted for. There's nothing worse than trying to track down some purchase you don't remember making. Keeping track of everything in ClearCheckbook will help reduce these headaches.
After you click "Pay Purchases" it will take you to an "Add Entry" type page that automatically fills in the total amount of your bill (assuming you're paying it off in full) as well as all the payments included on this bill.
You can enter the rest of the information, like the description, account you're paying with, etc. When you are done, click "Pay Card" and it will archive all the credit card purchases for that bill and replace it with your payment.
If you want to go back and see what purchases were included on any payment, go to the "Credit" page and there is a section that says "Paid Credit Card Purchases." This section will list all your paid payments and you can click on the name of the payment to see all the purchases that were paid off for that specific bill.
This is a really powerful feature that helps a lot of people, but I know that some people are often confused and don't know how to use it. Hopefully this helps clear some things up and you can start using the Credit page to help you manage your credit card payments.