Credit card payments

PeacefulMichael

I'm tracking my business checking, savings and credit card accounts. All business purchases are done on credit card. How do I account for the payment to the card from my checking account? I've accounted for all the transactions on the credit card as expenses and it doesn't seem like paying that card is then an actual additional expense but money is moving so how do I account for that and not inflate business expenses?

AlexL

Hey @PeacefulMichael , you'll want to categorize your payment transactions as transfers to properly account for this. You can check out this Help Center article on transfers in Wave (and how to pay off credit cards) for more info.

PeacefulMichael

Thank you!!