Credit Cards: Over 90% of my payments are via credit card due to the frequent flyer points earned yet it appears that I can only set up a credit card account as if it was a bank account, albeit a negative balance.
I note from an earlier topic the observation that isn’t a credit card a sort of bank account. Well No, Accounting conventions/standards requires that positive or negative balances be shown as either Assets of Liabilities. e.g. an overdraft account needs to be reported as a current liability and not as either 1) a negative asset or 2) an offset against other positive bank accounts.
Couldn’t a credit card module be provided? It would be an exact replicate of the bank account module except it would be located/allocated as a current liability instead of a current asset. Surely not be a huge task - investment.