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Old 08-09-2017, 12:32 PM
Pata Pata is offline
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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.
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Old 08-10-2017, 08:32 AM
jdierkhising jdierkhising is offline
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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.
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Old 08-10-2017, 10:22 AM
Pata Pata is offline
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Smile Credit Card Points redemption

Thank you very much for your reply John.
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