Home› Accounting› Accounting Technical Support

How to categorize a credit card payment WITH INTEREST

clint6998clint6998 Member Posts: 1

I understand how to categorize a credit card payment using the transfer option so that it does not show up as an expense for assets. But how do you record the interest on the card which IS on expense?

in Accounting Technical Support

Comments

  • Petra_BPetra_B Member Posts: 37

    Hey @clint6998! You'd just make that an expense to your credit card for the amount of the interest. Whenever interest hits you, just add it to your credit card balance that way.

Sign In or Register to comment.