How to manage Credit Card transactions?

bthomas

I manage my small biz using a few credit cards. I have the cards and bank accounts entered into wave. What I am unclear on is how do I handle CC transactions? I see them under transactions but I dont know how to handle them when I make a payoff.

Alexia

Hi, @bthomas.

Paying off your credit card once you've created it in Wave is as simple as creating a transfer between your bank account and your credit card. Just create an expense to your bank account for the amount of the payment and categorize it as "Transfer to a Bank Account, Loan or Credit Card". Pick your credit card from the list and you are done. Wave will create the other side of the transfer automatically.

If a bank connection is already uploading all of those transactions, you'll just have to categorize one side as a transfer and Wave will find its matching transaction in the other account automatically.