How your enter credit card transactions depends on whether the credit card account is a personal credit card or a business credit card.

Who is the holder of the debt on the card?

Business or Organisation debt

If your card is in your organisation’s name (e.g. a business credit card) then set up a Loan Account for the credit provider e.g. Loan: Diners Club.

Employee, Director or Business owners’ debt

One method is to set up a Loan Account for that individual e.g. Loan: Jane Citizen as the debt is owed to that individual. They in turn owe the credit provider. Usually however employees in larger companies would have a corporate credit card which is actually their own personal liability in many cases. I.e. they would need to have the company pay the monthly payments for them or claim it of the company. The “Payroll” transaction allows for these circumstances alternately you could use a “Purchase” invoice to summarise the expenses on the accrued as line items and then apply a payment when you pay the employee.

When you have many credit cards

If you have many credit cards the latter method would become onerous as you have to maintain a separate loan account for each card. An alternate method is to capture these transactions using common reimbursements method for repaying employees, directors and the like.