Re: Credit Card Accounting

["Chris Travers" <..hidden..>]

On Thu, Oct 30, 2008 at 12:37 PM, Munroe Sollog
<..hidden..> wrote:
> This doesn't seem to answer how to partially pay the bill (as one would
> often do with a credit card) and then close which(?) of the various
> invoices?  Good reasons for entering items separately, but the problem
> comes when it's time to /pay.    /The only solutions we can think of is
> to "pay" the inventory "invoices" that have been put in first, then
> "pay" the rest of the balance of what you're paying AMX through the
> journal entry screen to 2150.

I think you are making this harder than it needs to be.

You "pay" the invoice with the credit card.  At this point you don't
owe the vendor anything for that invoice, so it is closed.  Instead
you have money in a credit card liability account.  Instead you now
owe Amex that amount of money.

So you pay a certain Amex bill part way.  This means the invoices that
were open are still open, and the invoices that are closed are still
closed.  It just means you owe Amex a bit less.

Does that make sense?
Best Wishes,
Chris Travers