Transfers, Payment and making sense of actual Income

Hi guys,

 

Can someone please help me understand the way to correctly label certain activities that I am labeling incorrectly. 

If I make a payment to EDGARS for example, it shows up on my INCOME under budget. If I pay my Credit Card it shows as INCOME under CREDIT. 

 

What is the correct way in doing this?

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1 comment
  • Hi Francois,

    I hope you are well :)

    Payments into credit card type accounts should be marked as transfers, so that you can accurately track your actual expenses.

    I hope this helps!

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