On Wed, Jul 21, 2010 at 6:17 AM, Rich Shepard <[email protected]> wrote: ... > My business credit card is a liability account. I also have an expense > account for bank charges and interest payments and an expense account for > 'purchases' which is generic. Purchases made with the card balance expense > account with the liability account, payments balance the liability account > with the checking account.
Thanks, Rich. That's what I was thinking, & it makes a lot of sense to me, but I wanted to confirm it with somebody who had already done it -- successfully, I might add! :-) So, did you setup the CC account in the "CURRENT LIABILITIES" section of the CoA, that is, with an account number in the 2000-2999 range? Did you link it to anything, like "AP_paid" or "AR_paid" ? -- Best Regards, Wallace _______________________________________________ SQL-Ledger mailing list [email protected] http://lists.ledger123.com/mailman/listinfo/sql-ledger
