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Credit card

How do I record/tag a payment to the credit card account from the bank account please?

The monthly balance of the credit card is cleared by direct debit from the bank account.

The credit card is represented in QuickFile as a bank account - when you pay for things by card this is “money out” of the credit card account, leaving it overdrawn, so when you pay it off that’s just a bank transfer from the current account to the credit card account.

If you are charged any interest you would enter that as an extra money out transaction on the credit card account tagged to a suitable expense nominal via “something not on the list”.

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Thanks Ian. That’s how I’ve done it since posting my question but am grateful for your response to confirm I’ve done it correctly!

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