credit card payments in checking and CC transactions

Mschmidt

i know that, in the checking account, I log the payment as a transfer to the credit card with the account in brackets (where name is "Credit Card" then the category field in the checking account transaction should be [Credit Card].) But in the Credit Card transactions, they pull in the Payments. So now do I put the deposit line item as [checking] - that seems like it will negate the deduction from checking by posting a transfer of a positive back to checking…

volvogirl

No. You should delete the payment that downloads into the credit card account or you will have duplicate transaction. Or maybe you can match it to the transfer from your checking account.

NotACPA

If you record the payment, in your checking account, when you get the statement, the payment txn in the card account should Match with the download … thus eliminating your issue.

It sounds like you're recording the payment when, or even after, the pmt in the card account downloads.