Hello all,
I have a scenario where I would like to record a payment against a PO via credit card as the vendor required upfront costs. We then have the AMEX defined as a liability for this so, then we pay the AMEX. So its like instead of debiting the record again I would like to debit the liability.
How can I achieve this? Is it like under the I define the AMEX as a cash A/c under a liability GL account?
Let me know your thoughts on this.
Thanks.