Credit Card Cash Advance Entry Question

EngineerEngineer Member Posts: 3

I needed to pay a bill in cash and took a cash advance from my credit card, I then used that money to pay the bill. My question is how was I to enter this? The cash advance comes from my credit card. Do I put this into cash on hand? And then somehow pay the bill from cash on hand? This is messing up my reconciliation. Any advice is appreciated.

Comments

  • MikegMikeg Member Posts: 648 ✭✭✭

    @Engineer,
    A cash advance would show up on your credit card as a charge. You would categorize it for the type of expense you had to pay in cash. No need to record cash on hand.

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