99.987% uptime·0 security breaches·35+ years in education·Built and supported in the U.S.
Posted November 16, 2018
Recording Credit Card Payment from Bank Account
A school may decide to pay vendor invoices with a credit card and then pay the credit card company at the end of each billing cycle.

To record this process in PCR Educator, the following steps are recommended:

1.  Follow the steps of Recording Vendor Invoice to record the purchase.  You can debit an expense account and credit Accounts Payable.  Example: If a school purchases laptops from Apple, the invoice would be associated with Apple vendor.
2.  Follow the steps of Recording Vendor Payment to record the payment of the newly generated invoice with your credit card. .  You can debit Accounts Payable and credit the expense account associated with your credit card.  
3.  Follow the steps of Recording Vendor Invoice to record the new balance from your credit card when you receive the statement. In this case, the vendor is your credit card company.You can debit an expense account and credit Accounts Payable.  
4.  Follow the steps of Recording Vendor Payment to record when you pay the credit card using the funds from your bank account. You can debit Accounts Payable and credit the Cash account.  
5.  Follow the steps of Writing Checks to print a check in case you are paying your bank with a check.
Update

Streamlined Selector and Widget Configuration

1 min read · Updated April 26, 2026

Was this article helpful?

Your feedback goes to the team that maintains this article.

Thanks. We use this to improve the article.

Still have questions?

Live chat is staffed weekdays 8 am to 7 pm ET. Tickets get a response within one business day.

Open a ticket

New to PCR Educator?

If you landed here from a search and want to see what PCR can do, the demo is the fastest way in. Thirty minutes, no commitment.

Book a demo