I’ve used GB for MANY years now. I’ve always tracked my credit card purchases separately in a spreadsheet and then recorded payment in GB. I’m considering adding a CC account and tracking internally with GB. I don’t understand how the payment would work though. If I record the CC expenditures in envelopes within the CC Account and then deduct money from the appropriate envelope in my checking account won’t that double dip the expense?
Any advise would be greatly appreciated.
I mark all my credit card expenses just as I do other expenses. E.g. if I pay €100 on groceries with my bank account it’s a transaction for that account and my “groceries” envelope and similar if I pay €100 on groceries with my credit card (groceries “envelope” and account “credit card”)
When it’s time to pay the credit card bill I “transfer” money from one account to my credit card account, e.g. if my credit card bill is €400 and due date 1.9.2025, I book it as an account transfer from “bank account” to “credit card”. Bank account will have €400 less and Credit Card will have €400 more.
This is the way it works best, but your credit card has to be set up as a “paid in full” card. If you set it up as a card carrying a balance, it becomes a debt and you’ll lose the ability to assign transactions to envelopes. It becomes much more difficult to use the card this way.