Member Since: Apr 6th 2016
Accountant and Owner LGR Bookkeeping, Inc.
Oct 26th 2018
Since the deposit and the credit in the checking account cancel each other out, then you could ignore those two entries or just enter the deposit and enter the money coming out as two entries but code to a flush account. The remaining effect will be the money coming out of the correct bank account and the credit card receiving the payment