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November 28, 2023
Question

Our credit card automatically deducts from our bank account. How do we recognize this and then allocate the charges to various accounts?

  • November 28, 2023
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1 reply

BigRedConsulting
November 28, 2023

The charges are entered in your credit card account register.

 

The payment from your bank account to your credit card account can be entered as a transfer between the accounts, or as a payment (a "check", but not really) from your bank account that uses the credit card account as the "expense" account.