Inter Account Transfers Query

[Neville Bailey]

Although you correctly allocated the payment from the business bank account to the transfer account, you still need to process a receipt in the credit card cashbook and allocate it to the transfer account. The transfer account will now have a zero balance.

You can then allocate the payment out of the credit card account to the supplier account.

[Ola]

Of course... I'm such an idiot! I was overthinking things again and lost sight of what I'm doing. I processed the receipt in the credit card cashbook (as per the credit card statement..) and when updating it, everything balances. I forgot that there would obviously be a receipt to be processed on the credit card cashbook which would be coming from the transfer account... Thank you so much Neville!