Transfer from Bank, Credit Card, Loan classification struggle

bt50bt50 Member Posts: 1

Hey team! I've got two accounts importing transactions in to my account here.
1) Checking Account
2) Credit Card Account

When a credit card payment processes, in my Accounting > Transactions tab in WAVE, I've got two transactions. one debit and one credit.

I'm not sure how to properly classify, or if I should only have the Checking Account connected since the checking account pays the credit card.

Thoughts? I noticed there being an issue when I classified one of the accounts as a "Transfer from Credit Card" and it created the duplicate amount and reconciliation is off that exact amount.




  • MikegMikeg Member Posts: 752 ✭✭✭

    If you are importing both the bank and credit card then the credit card payment would show up as green and the withdrawal from the bank would be in black. You can categorize by clicking on "transfer to", it should recognize the matching amount. Just click on the description that will come up.

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