[SL] Credit Card Payment Question

[Luke <sl...@li...>]

Hello

For people who are using the "real vendor" plus "transfer payment" method 
for business credit card accounts, I have a question.
What I mean by that, is you use a credit card by setting it up as a 
liability account, and create each vendor who bills you via the card as an 
actual vendor, which you pay by posting a payment against the credit card 
liability account.
To pay the credit card, you use a GL entry.  This has been discussed here 
before.

My question is this: when you pay the card with the GL entry, do you use 
any intermediate accounts for recording the transactions, or do you 
directly credit the checking account, into a debit to the credit card's 
liability account?

Thanks.

-- 
Luke

"If Ben starts running those printing presses faster than he's already
doing, we're going to have a serious recession. The dollar's going to
collapse... there's going to be problems." - Jim Rogers, Telegraph
9/12/07