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Credit Card Treatment of Debit & Credit

Ian_ManoIan_Mano Member Posts: 2

For some reason my credit card is showing my pay'ts for items as deposits ( These should be debits). And deposits to pay monthly balances as debits
Where have I gone wrong?

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in Accounting Technical Support

Comments

  • KiahDKiahD Administrator Posts: 267 admin

    Hey @Ian_Mano, debits and credits may work a little differently in Wave than you're used to!

    As it turns out, it's expected for credit card (and all liability) accounts to show deposits to pay the balance as debits, and purchases as credits. You can read more about this here.

  • Ian_ManoIan_Mano Member Posts: 2

    Thanks for the info

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