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Pata 08-09-2017 01:32 PM

Credit Card Points redemption
Hi All,
Can somebody explain how to record a credit card payment using credit card points redemption?
Thank you for your help.

jdierkhising 08-10-2017 09:32 AM

This might depend on how you enter the CC charges as their are a few different ways users do it. But ultimately you have to credit an expense account, typically one that gets used frequently with that card, because you are essentially getting those 'expenses' for free due to the points. So a journal entry debiting the CC Payable and crediting an Expense account would work if you enter the charges to a CC Payable account.
If you enter via an AP bill, then just enter a negative row for the payment amount on the current bill.

Pata 08-10-2017 11:22 AM

Credit Card Points redemption
Thank you very much for your reply John.:)

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