Credit cards: bank or cash account?

1

I’ve read the user guide and searched the topics on this but am still a little confused.

Let’s assume I’m going to create a control liability account for my credit cards and then create either a bank or cash account under that control account for the actual cards. Which type of account - bank, or cash - is more correct, and why?

The user guide suggests bank; some of the threads here say cash. What’s the difference in practical terms?

Thanks!

2

A credit card is a bank account because it is controlled by a financial institution and has pending transactions, not instantaneous cash settlements with physical bills and coins.

If you find old threads referring to cash accounts, they likely date to a period when bank and cash accounts were both in a single Cash Accounts tab.

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3

Makes perfect sense. Thank you!