How to Deal with Credit Cards 101
Hello. I have no accounting skills. How do I deal with credit cards? I know they are an account. The bank transaction where I paid the bill I think is a category = transfer to the card account. The transactions from the credit card for purchases are categorized to what they are = groceries, etc. but what do I do with the transactions from the credit card fee showing the payment from the bank was applied? Am I missing any other entry to balance it all out?
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