Credit Card Installment

[Derek Atkins]

Hi,

"Douglas H. M." <douglashm at gmail.com> writes:

> Hi,
>
> How do I manage the credit card purchases paid in 12 months , for example?
>
> do I transfer the principal value (total) from Liability to Expense and 
> every month I transfer a value (installment) from Saving to Liability?

Yes.

Every time you make a purchase it's CC -> Expense.  Every time you
make a payment it's Checking -> CC.

> txs

> Please remember to CC this list on all your replies.
> You can do this by using Reply-To-List or Reply-All.

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
       Member, MIT Student Information Processing Board  (SIPB)
       URL: http://web.mit.edu/warlord/    PP-ASEL-IA     N1NWH
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