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payment for credit card from main business account
Have set up a credit card account. Payment for this will be paid from main business account. How do I show this on the credit card account when it comes out of the main account so the balance goes down?
I’m confused again!
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Inappropriate?Karen
When you explain a credit card payment transaction (or create a new manual entry) you need to select the Transfer to Another Account type and ensure the Credit Card account is selected in the 'Transfer from X to which account?' account drop down.
If you have a matching unexplained transaction in the Credit Card account, this will be automatically explained. If you have a matching manual entry in the Credit Card account (defined as Transfer from Another Account) this will be linked automatically. Or, if there is neither an unexplained transaction nor a manual entry in the Credit Card account, a new manual entry will be created.
I hope this helps. -
Inappropriate?Brilliant! this question just popped up for me and here's the answer! thanks.
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