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psellick8
July 21, 2022
Question

How to catergorise credit card payments?

  • July 21, 2022
  • 1 reply
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How is the best way to catergorise credit card payments. I buy materials from the supplier on a credit card, and then pay the credit card off. But i split the payments to the credit card down into the amounts for what it was. EG - £300 for fuel. £1500 for materials. £200 tools £150 van expense. So i have separate transactions going to the credit card.

1 reply

G
GeorgiaC
July 28, 2022

Hi psellick8, thanks for your post - you would record the initial purchase from the supplier using an expense (+ new > expense), entering the supplier, the credit card as the payment account, and the additional payment details/amount. When you come to pay off the credit card, you can then use the 'pay down credit card' feature (on the +New > Other menu), entering the CC under 'which credit card did you pay?' and the bank account that this was paid with under 'what did you use to make this payment'. 

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