[GNC] Reconciling credit card and A/P accounts

[Maf. King]

On Tuesday, 29 May 2018 16:03:47 BST Rich Shepard wrote:
> On Tue, 29 May 2018, Geert Janssens wrote:
> > It looks like you have created a credit card line as part of the invoice
> > entries.
> 
> Geert,
> 
> 
>    Yes (see attached screenshot). I have the liability account entered in
> the Expense Account cell. The A/P register has the posted transaction, as
> does the credit card liability account (both screenshots attached.)
> 
>    I do not see what I've done incorrectly here. Please point me in the
> right direction.
> 
> Thanks,
> 
> Rich

Hi,

unless you are doing something esoteric (and I guess you are not!), the 
Expense cell on the vendor bill should point to an expense account - is this 
for some kind of annual card free?  I'd suggest Expenses:BankingFees:CardFees 
or similar.

I think that what you have actually recorded is moving a liability from one 
accoun to another, without  incurring it (or paying it off!)

HTH,
Maf.




-- 
Maf. King
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