Two separate accounts with shared credit card activity
Dorel Ciornei
dorelciornei at yahoo.com
Thu Dec 3 17:44:39 EST 2015
I believe that it is irrelevant whether the payment is done on line or otherwise.When you post the payment to the credit card the other side of the transaction can come from anywhere. Just click split to see both lines of the transactions and chose the other 'special' account you create as we suggested instead of the checking account.
You can call this special account 'Wife's CC" if you want to be 100% accurate.
The real question is what type of account this "Wife CC" should be, and I guess this is a personal choice.Is the wife:
- an expense, like I suggested- a liability, like Mike and FoxyLady suggested
- an equity, like Derek's wife is?
Or... you could ask your customer if his wife is an expense or a liability!
:)Just kidding... don't do it.
On Thursday, December 3, 2015 8:35 AM, EngineInstitute <info at chinablueart.com> wrote:
Thanks Dorel, but that does not quite work for my situation. This was an
online payment to the credit card account. When I post it as income to the
credit card account of the wife it shows up also as income in the checking
account. So, this cannot be reconciled since there was no income directly
into the checking account.
Any thoughts would be greatly appreciated. Thanks.
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