Forum Discussion
Steven_M
3 years agoFormer Staff
Hi Smolle
What the software doing is correct - Withdrawals of a credit card are increasing your liability (deposits would decrease it).
As an example, say you started off with a new card with a $0.00 balance. You then spent something on that for $100 - your liability to the credit card company is $100 so you have a balance of $100 for that liability account.
Similar thing is happening here: you have overpaid the credit card so you have a negative balance for that account i.e. the credit card company owes you $6769.86. You have then spent $255 thus your liability has increased so they owe you $6514.86 now.