Hello,
I am using Express Accounts version 8.16. I am puzzled why how the credit-card account works. I tried to post the interest ($0.26) charged on a very small purchase by using Account transfer in the Accounts tab. I tried to transfer the amount from Credit Card (balance of -$165.19) to Interest Expense (balance of -$0.16) for the date 2018-01-08. The transfer was refused with the message "This account does not have an adequate balance." while pointing to the Credit Card account entered in the "Transfer from account:" window.
I thought that the whole point of a credit card was that the purchases could be made which drove the account negative, and that the card owner then paid off the card when she/he wanted. Is there a way to specify the card limit? Is there a more appropriate way to do what I was trying to do?
Also, how can I include a screen capture in this message? It would help by increasing the clarity of what I was doing and its outcome.
Thanks for your time and help.
Best regards,
Peter