[GNC] Credit cards - how to deal with those?

[Ian Pilcher]

On 9/18/24 4:56 PM, fromvendor wrote:
> Each transaction goes into the account appropriate for the card in
> question.  When I get the statement (download, however), I reconcile
> the card and match up receipts.  Once that is done, I "Pay" the card
> (check, EFT, however) from my bank account.  That reduces the
> balance in the CC account (backwards as it's a liability) and also
> reduces my bank account.

An alternative, which I haven't seen mentioned, is to "batch" the
transactions on a statement into a single transaction and use splits for
the individual charges.  The has the advantage of keeping the account
register less cluttered, but it does mean that you lose the date
information for the individual charges.

(I actually take it a step further and split each statement into
separate transactions for the 2 calendar months that it covers.  For
example, my 19 September credit card statement will be split into two
transactions -- "19 Sept 2024 statement - Aug transactions" and "19 Sept
2024 statement - Sept transactions.")

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