credit card

[Amy Cancryn]

Hello,

How do I classify a credit card I use to pay vendors?

I have a credit card account I use to pay vendors, who do I add that to the chart of accounts.

I added it under bank account, but I don't know which type to use. is it a cash account or expense or chargeable?

thanks

[Nabin Hait]

Select account_type as "bank or cash for credit card account.
And in Journal Voucher select voucher_type as "Credit Card Voucher" while making payment entry.

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[Amy Cancryn]

thank you. Should the credit card be classified in the chart of accounts under unsecured loans -->credit card (type = bank or cash)?

On Wednesday, June 5, 2013 12:23:40 AM UTC-4, Nabin Hait wrote:

Select account_type as "bank or cash for credit card account.
And in Journal Voucher select voucher_type as "Credit Card Voucher" while making payment entry.

On 5 Jun 2013 02:10, "Amy Cancryn" <sup...@firebrandpublishing.com> wrote:

Hello,

How do I classify a credit card I use to pay vendors?

I have a credit card account I use to pay vendors, who do I add that to the chart of accounts.

I added it under bank account, but I don't know which type to use. is it a cash account or expense or chargeable?

thanks

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[Rushabh Mehta]

That should be fine.

You can also put it under current liabilities.

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