Thank you very much Rose-A, for your reply. Not sure that my previous reply was sent.. or if this same next question went through..
I want my cc total to be not shown as a Liability in BS, and to be deducted from chequing account under Assets. I don't know how to show payment of the cc total as the cc charges have all been posted under the appropriate accounts and are reflected in the P/L statement.
Under Chart of Accounts I changed the cc type to Bank. Now the cc totals are not shown as Liability and are now show as a negative under Assets.. still not deducted from Chequing balance.
I opened a cc post and when I tried to close the window I get this error message: "This account is the wrong type for this field. Please enter a different account of the appropriate type for this field." And i can't close this cc posting.
When I go back into Chart of Accounts and try to change the Bank type back to CC it won't let me do that either. "can't change a Bank type.."
Can you help?! thanks
