Epinomy - Tracking a Credit Card Payment
Manually creating transactions for paying a bill on a credit card.
Set Up Credit Card as a "Bank"
Treating a credit card as a bank will require you to enter negative balances in the Bank Reconcile tool.
Import Credit Card Bank Transactions
Use either the Date Import tool or Plaid Sync to retrieve the Bank Transactions, which represent a view of the bank statement information.
About the Bank Transaction account.
The Bank Transaction Account is NOT part of the general ledger or the chart of accounts. It represents the transactions on a bank statement, and as such represents your bank account or credit card account stored at the bank or the credit card company.
Create Payment Entry Transaction
A Payment Entry represents a payment from or a to a Payable or Receivable account. It does not directly affect Income or Expense accounts. The Payment Entry is what joins the Bank Transaction to the Company chart of accounts.
Link the Bank Transaction to to the Payment Entry Transaction
The reconciliation process joins the external bank transaction to the company accounts. There are two ways to link the transactions and mark the bank transaction as "Reconciled".
Using the Bank Reconciliation Tool
The Bank Reconciliation tool shows a list of unreconciled and uncleared transactions for a given time period.
Directly updating the Payment Entries table
Updating the Payment Entries table in the Bank Transaction form itself