I have lots of barclaycard receipts to post when I go to post , as in sage there is an icon for new receipts would this be correct ... and then once the credit card has been paid can I do a transfere from the bank account to the credit card account monthly ....
You should post things that have been paid on the credit card using the payment icon in Sage. When the card is cleared you can transfer from the relevant bank to the credit card bank to clear the balance.
I personally set up the credit card as a supplier and post the statement as an invoice. I apy it off from 1240 (credit card account) and transfer from bank(1200) to credit card from bank statement.
If you are using the Credit Card Bank (12xx) you enter all items on the cr card statement as individual bank payments and analyse them to whatever nominal they refer (eg drawings, stationery, motor expenses). Then on the date that the credit card is paid off you do a transfer from whichever bank the money is being paid out of into the cr card bank.
