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We have an Australia Post Load & Go VISA. It has never been accounted for through MYOB. It has only been used 3 times this FY, and been topped up once.
Should I just use a Credit Card account 2-1110;
If 2), then what is the best way to do this please?
Solved! Go to Solution.
All Credit Cards should be treated exactly the same as any other bank account, except that they are Liabilities nit Assets.
So create a Liability account and enter you Opening Balance as of 1st July then enter any transactions that have occured and finally reconconcile the account the same as any other bank account.