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Removing old credit card but keeping those transactions

ChevyChasePizzaChevyChasePizza Member Posts: 1

Hi! I incurred expenses before I got my business credit card, business bank account and before beginning to use Wave. I connected my personal credit card to Wave so that I could download all of those transactions and record them as expenses and then used Cash on Hand as the account they are coming from. I'd like to remove this credit card from Wave but would like any advice you have so that I don't unintentionally impact those transactions. Can I simply turn off the feed from that credit card and move forward only using my business card? Thank you!!

in Accounting Technical Support

Comments

  • MikegMikeg Member Posts: 995 ✭✭✭

    @ChevyChasePizza,
    Turning off the feed within the banking tab does not remove any transactions that were previously imported. A note, I would not handle the credit card transactions like that. If you paid for them personally, then instead of cash on hand you would use Owner equity/Contributions. By using cash on hand you are creating a negative balance in cash. Which would not make sense.

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