Question
Recording credit card payment made to a closed account.
I have a client who paid off the remaining balance to an old AMEX credit card account at year end.
The new account is made this year is reconciled and has no relationship to the previously closed account.
Unfortunately, in order to reconcile December's checking account, I need to record the credit card payment made to the account that is not in Quickbooks.
What account should I record this credit card payment to? Is it an expense account? (if so which one)
Thank you for all the future assistance.