Question regarding credit card: if I want to pay ...
# general
m
Question regarding credit card: if I want to pay a supplier bill by credit card, according to Netsuite, I create a Credit Card type account in the COA and I use it in return when paying the bill Now I would like to know what is the difference using the credit card vs a classic bank account for the payment? are there any particular implications?
s
There's no difference in functionality other than it appearing in the credit card reconciliation screen rather than the bank reconciliation screen.
m
Ok thank you But what is Transactions > Bank > Use Credit Card?
s
Same as transactions - bank - write checks. For making a payment that isn't against a vendor bill.
1
k
CR Card account is a current liability account, and bank account is an asset account. for some it is an important distinction 🙂.
1
m
Thanks @Karina @Simon Whittle