Re: How to treat credit card transactions (to pay expenses) in cash based accounting
Thanks for getting back to us and I'm glad @JamesPaulE was able to help. I can certainly help with the additional queries.
To answer you first question, yes, Supplier and Vendor would be referring to the same thing, they can appear differently depending on the version of the product you are using but Vendor would be correct :)
In terms of the bank institution this would be referring to to the account you are using to pay the bill.
The description field when filling out your transactions would be more for your reference, here you will have an opportunity to go into more detail about the transaction should you need to refer to it in the future. It would just allow you to add some more details for your own personal reference.
If there is anything else I can help with, let me know.