Written by Karin
Updated over a week ago
If you’re using a credit card as part of your business, you can add a category to your books to help you track expense transactions.
Note on categorization: Some novice accountants will confuse credit card payments (when you transfer funds from your checking account to pay off your card) with credit card purchases (expenses incurred while using your card). While credit card purchases will typically be categorized as Expense Transactions, credit card payments are just categorized as Transfers–not expenses.