Home› Accounting› Accounting Feature Ideas

Categorizing transactions for bills that were paid WITH my business credit card

MurlotMurlot Member Posts: 1

I pay most of my bills with my business credit card. Since my credit card is a liability account for my business, what should the specific transaction FOR the bills be classified as? For example; I purchased a monthly subscription for computer software on my credit card. Does that mean that the transaction on my credit card statement should be classified as a "REFUND for computer software" within the transaction list specific to my credit card? It is a double liability, so...
Thanks!
M~

in Accounting Feature Ideas
Sign In or Register to comment.