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Créé le 22 nov. 2022

Disqus Agexpert Accounting Questions Archive

Just getting started with this and am going to enter some expenses which were paid by credit card. Do you do them as a transaction expense or a payable charge? If done as a payable charge, how does it clear out when you pay the Visa?

  • RÉPONSE
    10 fév. 2025

    Hi Tammy! I would enter those as expenses by doing a withdrawal from the credit card account rather than a withdrawal from your chequing account. Then, when you pay the credit card, you can either enter that as a transfer from the bank to the credit card or as a withdrawal from the bank account offset by a "Credit Card Payment" (CP) line instead of Expense (EX).

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