If you are paying down a credit card that is connected to Ambrook, from a bank account that is also connected to Ambrook, you will likely see three types of transactions:
The individual credit card expense (negative number)
The larger credit card payment transaction (positive number)
The larger bank withdrawal transaction that pays off the credit card (negative number)
You can treat the individual credit card expenses as you would a normal expense, and tag it with an expense category.
For the latter two transactions (credit card payment and the bank withdrawal), you will want to match up all the pairs to properly net out those amounts so they don't show up on your P&L. You would do this by taking the following actions:
Click “Category” on one transaction, the bank withdrawal or the credit card payment, to open the tagger
Select the “Credit Card Payment” option under “Match Existing”
Match the transaction to its counterpart, the equal but opposite amount
Doing this automatically tags matched transaction and there is no further action required. If the account you transferred money to is not a connected account on Ambrook you will need to follow one of the instructions for liability or equity adjustements described below.
Note - If you cannot find the transaction you are trying to match to it may not be on your ledger yet. Transactions may take up to 3 days to show up on Ambrook. If the transaction still doesn't appear, check your connections or reconcile your account. |