<klink type="cncpt">Tell me about credit card accounts</klink>
</index>
<content>
<p>The best way to track your credit card expenditures is by creating a credit card account. You can then enter each credit card purchase and assign a category. When you pay your credit card bill, enter the payment in a bank account as a credit card payment or a transfer to your credit card account. The payment will then show in both accounts. The advantages of creating credit card accounts are:</p>
<ul>
<li>You can keep up-to-date records by entering transactions from credit card receipts.</li>
<li>You can balance your records against your credit card statement each month.</li>
<li>Money tracks your expenditures by category and payee.</li>
<li>Your expenditures are recorded by transaction date, instead of all at once when you pay your bill, giving you more accurate spending reports.</li>
