Skip to main content
A
Allante666
January 6, 2020
Solved

Categorising a credit card repayment

  • January 6, 2020
  • 1 reply
  • 0 views

Hi

If I use my credit card to buy say £100 worth of stock, thats  business expense. But if I then pay that £100 off my credit card from my current account, what should that payment come under?

TIA

Best answer by Kristine Mae

Actually, looking at it, I dont have transfers:credit card payment, I have either 'transfers' or 'credit card payment'. two seperate categories


Let's get your questions sorted out, Allante666.

 

Regarding the type, you're right. You'll use Business if it's used for business purposes, then use Personal for personal usage. 

 

Now, for the categorisation, you'll have to use Credit Card Payment. 

 

I'm just around if you have additional questions. You can tag me, and I'll reply to you as soon as I can. 

1 reply

Kristine Mae
Kristine Mae
January 6, 2020

I'll help you categorise the transaction, Allante666. 

 

You can use Transfers: Credit Card Payment as the category when paying a credit card. 

 

You might want to create rules to easily categorise transactions. 

 

Click the Reply button if you need more of our help. Feel free to reach out to us anytime. 

A
Allante666Author
January 6, 2020
Many thanks for that.

Im sure Ill have a lot more category based questions!

@Kristine Mae wrote:

I'll help you categorise the transaction, Allante666. 

 

You use Transfers: Credit Card Payment as the category when paying a credit card. 

 

You might want to create rules to easily categorise transactions. 

 

Click the Reply button if you need more of our help. Feel free to reach out to us anytime. 

 

A
Allante666Author
January 6, 2020

Actually, looking at it, I dont have transfers:credit card payment, I have either 'transfers' or 'credit card payment'. two seperate categories

Terms & ConditionsAccessibility statement