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Join now1. How do I classify a payment of a company credit card - Is it Money Transfer?
2. What type of account in the chart does it go to?
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Like @BigRedConsulting said.
Paying a credit card company is not an expense but a loan payment. Your monthly cc balance is the result of a series of microloans from the cc company. What and when you charged is your expense
RE 1: Depends. How did you pay it? If you paid by check, enter a check. If you paid by ePayment, you can enter a check with a check number like "ACH" or similar, or enter a transfer transaction.
RE 2: The type of accounts is a Credit Card account, the account where you've recorded your Credit Card activity. I call my something like "Chase Visa" or similar, so I can keep the several cards strait in my head.
Like @BigRedConsulting said.
Paying a credit card company is not an expense but a loan payment. Your monthly cc balance is the result of a series of microloans from the cc company. What and when you charged is your expense
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