An alternative way of using credit cards with MyCorbu is to make an Expense transaction whenever you charge something and mark it NOT paid.
When you make a credit card payment each month, do one of two things.
If you pay off the entire balance every month, go to your Payables report and mark each item on this month’s statement as PAID.
If the credit card is not paid every month, go to your Payables report and mark only items you are paying as PAID. Always pay off at least the interest that is due. If this doesn’t meet the minimum payment (or you can afford more) also pay for one or more items, and mark them PAID. Remember to make a new Expense transaction for the interest.
This method creates a little complexity, but your records are always up to date.
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