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Credit Card Cash Advance Entry Question

FrankDFrankD Member Posts: 5

I needed to pay a bill in cash and took a cash advance from my credit card, I then used that money to pay the bill. My question is how was I to enter this? The cash advance comes from my credit card. Do I put this into cash on hand? And then somehow pay the bill from cash on hand? This is messing up my reconciliation. Any advice is appreciated.

edited March 31, 2021 in Accounting Technical Support

Comments

  • MikegMikeg Member Posts: 995 ✭✭✭

    @Engineer,
    A cash advance would show up on your credit card as a charge. You would categorize it for the type of expense you had to pay in cash. No need to record cash on hand.

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