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Credit Card Payments

When I record a purchase it gets added to my expense totals. When I then record a creditcard payment it also gets added to my expense total. this makes my expenses look 2x the amout actually spent.  How do make these entries so this does not happen?

Best Answers

Answers

  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    A credit card charge should be recorded in a Credit Card account in Q.
    THEN, the card payment, which is recorded as a transfer from your checking account to your card account, isn't an Expense.
    SO, how are you doing it?
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
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