How to Set up a Supplier that Drafts payments every month?

We need to account correctly for these drafted payments, and need to know how to best configure the system to handle this.

We have a supplier who automatically drafts our bank account for a payment each month.  What is the best way to configure Payables and Payments to manage this?

We have an agreement with a credit card company where each month they automatically draft money from our bank account to pay our bill.  We already have an invoice for the liability, and then we get another invoice for the credit card bill.  How do we account for this payment being automatically drafted for our bank account?