payment from bank account to credit card
I may have overlooked something, but....my credit card is paid via direct debit from my bank account. The amount comes up on my bank feed to reconcile but what do I reconcile it with? I've read how to put in a money transfer...but that doesn't seem right for this.....do I create an expense from my credit card to my bank account...surely that would have the money coming out twice........
Answer
Hello
Thank you for your post
As you say, the correct method to pay off the credit card from the bank account is to record a transfer on the Account Manager > Bank Accounts page. This will write a transaction to both accounts that you can reconcile with and will clear the balance on the card. As the expenses are already recorded and paid by the credit card, then recording a second expense to pay off the card is unnecessary
If you have any further questions, please contact us via the helpdesk
Kind regards
Roy
Customer support service by UserEcho
Hello
Thank you for your post
As you say, the correct method to pay off the credit card from the bank account is to record a transfer on the Account Manager > Bank Accounts page. This will write a transaction to both accounts that you can reconcile with and will clear the balance on the card. As the expenses are already recorded and paid by the credit card, then recording a second expense to pay off the card is unnecessary
If you have any further questions, please contact us via the helpdesk
Kind regards
Roy