Should I create a transaction in my bank account for a payment made to a credit card as an Expense? Would I then "match" it with the transaction or is that a "Transfer"?

I need to create a transaction in my bank account for a payment made to a credit card. It occurred beyond the time frame that my bank would automatically download. Would I create an "expense"? And would I then "match" it to the corresponding transaction on the credit card, or is that a "transfer"? Trying to figure out what all these terms really mean...

Answer

Hi there, kziggy22.

Yes, you will need to create an expense transaction to record the credit card payment. After downloading transaction from the credit card account, TRANSFER it to the bank. From there, MATCH it to the manually recorded expense transaction.

These Help articles will give you more details on how the entire process works if both accounts are connected to Online Banking:

You can also use the Comments section below in case you have follow-up questions. I'll be right back to help you again.
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IntuitJeno , Community Support Specialist
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