Avoid double-counting credit card expenses and payments

So I have been perusing this sight, and just can not come up with the correct answer.

I have a business credit card that (nearly) all expenses are charged to.

I took the receipts, input the name, date, and other pertinent info. All of these transactions are now listed on the transaction page.

I pay my credit card from the same account. This doubles the expenses… So how do I account for the credit card payment?

Thank you for any help!

@flylow21 Sure. You can simply categorize the credit card payment under “Transfers > Credit Card Payments.” This will allow you to keep track of it on your Transactions page, but it will not impact any of your reporting or metrics.

What about the case where Stessa is linked to both the Credit Card Bank account, and the Checking Bank Account used to pay the card off each month?

I’m seeing both credit card charges (positive) and the last month payment (negative) imported from the Credit Card account. Then Stessa also sees the payment out from Checking to pay off the card.

If I leave these both as “Transfers > Credit Card Payments”, they cancel each other out and all values for that Transfer sub-account is $0 every month.

I would like to see what funds are transferred out to pay the credit card, so would need to change the last month payment on the Credit Card account. How? I could delete it, but would rather keep all the Tx and just mark it as “ignore” so it’s obvious what was done the next time I repeat the process.

A similar thing happens when monitoring Apartments.com income and seeing duplicate transactions in the Checking account they are deposited into.

Thank you for any help or suggestions.

@devin any suggestions on my follow on question ^

It would be really helpful to have some user-defined transfer categories that I can park things like this. Right now I’m overloading unused fields and it’s hard to always do the mapping in my head what they really mean:

  1. Using “PMI Escrows” for my monthly payments that show up in the Credit Card Account. I use “Credit Card Transfers” for the payment in my Checking Account.
  2. Using “HOA Escrows” to mean “rent that’s already accounted for in the Apartments.com import, but still shows up in my Checking Account”

did you ever get this resolved i am simply deleting the CC payment as its already posted as each transaction individually