Accounting for Credit Cards

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How did you set it up as a liability account ?
Putting it as a Cash Account is the correct set up. To locate it as a Liability you need to create a custom control account then nominate the credit card account to that control account.

  1. Create the custom control account under Settings - Chart of Accounts - Balance Sheet

  1. Now edit your Cash Account - Credit Card and allocate the custom control account

  1. The balance sheet now looks like this

  1. Now use the Receive Money & Spend Money functions just like any other cash account
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