How to maintain credit card statement

Hellow sir. my self pradeep singh
I am Accountant A service Provider Business firm
i am facing A problem related Credit card
I am not understand credit card statement how to record credit card bill EMI and intrest & charges
Replies (2)
Quick Summary
This discussion explains how to manage credit card statements for a service provider business. It suggests recording credit card bills, EMI, interest, and charges by setting up the credit card as a sundry creditor. All transactions can then be journalised into the relevant accounts, with payments to the credit card dues recorded via payment vouchers.

Create e.g HDFC credit card as sundry creditors and pass all transactions as journal entries into respective account. and all payments to credit card dues as payment voucher
Simple and best solution

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