The simplest way of using credit cards with MyCorbu is to make an Expense transaction whenever you charge something and mark it paid. Then pay off the credit card every month.
If the credit card is not paid every month, this method creates complexity. For your tax return you will have to determine which of the expenses that you have charged have actually been paid. This complexity can be improved upon by always making partial payments equal to the interest plus the cost of one or more items. This is still messy, but not as much. Comments are closed.
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January 2021
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MyCorbu
Greater Cincinnati 540 Beaumont, Fort Wright, KY VM: (859) 444-4560 |