Splitting a credit card payment

[Liz]

On Sat, 23 Mar 2013 17:09:39 -0500
Mike or Penny Novack <stepbystepfarm at mtdata.com> wrote:

> donles wrote:
> 
> >   I don't itemize credit card payments.  The funds are drawn from my
> >checking account which is reconciled monthly.  The payment is
> >credited to Liabilities:Credit Card and I do not reconcile the
> >category.
> >   I started to pay my monthly cable bill by credit card and now I
> > want to
> >go back a few months and edit the credit card payment to account for
> >the cable bill.  I have an expense category Expense:Utilities:Cable.
> >   I can't visualize how to go about doing this.  Can anyone suggest
> > what to
> >do?
> >Thanks
> >
> >  
> >
> You can't figure it out because you are confused how to enter  
> transactions involving the credit card.
> 
> a) When you PAY the credit card bill that is a transaction involving 
> just your checking account (asset) and the credit card (liability) 
> perhaps split if you are paying interest (expense). WHAT the various 
> expenses were that you paid by credit card not involved HERE (this 
> transaction, dated when you write the check). That's because .......
> 
> b) When you get your credit card statement you see a list of charges
> for a bunch of dates. ALL of these represent transactions to be
> entered affecting the particular expense and the credit card (you
> paid for this thing not with cash but by incurring a liability.
> 
> Does that make it clear?


donles, what you will have to do is to split the credit card bill into
(at least) two groups
Expense:Utilities:Cable
and
Expense:Other

Really it is worthwhile to categorise all your expenses - even years
later I recategorise things because I want more information out of the
accounts.