I use a credit card to pay a lot of my bills and expenses including groceries, utilities, etc. I have separate envelopes created for Groceries, Utilities, etc. I’ve been creating an expense transaction for each credit card charge and assigning it to the appropriate envelope so I can track my spending by envelope in the Reports section.
I pay off my credit card in full each month. Since the credit card charges are already recorded as individual transactions, I can’t figure out how to record my monthly credit card payment without the money getting deducted twice from my funds.
Does my monthly credit card payment even need to be recorded? Is there a better way to record individual credit card charges?