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Bill payment allocation to specific general ledger account

Larry_MLarry_M Member Posts: 1

New to Wave. Trying to figure out when paying a bill on a credit card how to change the default general ledger account that shows up.

in Using Wave

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  • JulianPJulianP Member Posts: 1,002 ✭✭✭

    Hey @Larry_M , welcome to Wave!

    Do you mind clarifying how you are recording your credit card bill payments in Wave? If you import your credit card payment transactions via a bank connection, the correct account will already be selected. You'll then want to categorize the bank withdrawal transaction as Transfer to Bank, Credit Card, or Loan > the credit card account you are paying off. The same process will apply if you are manually importing your transactions via our CSV uploader or Wave Connect. If you are recording your credit card payment transactions manually, you can select and change the account linked to the transaction whenever you'd like by selecting it on your Accounting > Transactions page.

    To learn more about recording transfers to different accounts like a credit card bill payment, feel free to check out this Help Center article for more information.

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