Hi All,

I would like to know what we should call the transaction done toward Credit Card / PayTM / Amazon Pay / Paypal / Pre-paid Wallets etc.

These are not actually expenses but a transaction toward pre-payment of these accounts. It's Internal Transactions basically. So how do we match these transactions? In ZOHO Books, while matching the transactions manually shows the 'Credit Card' under "Transfer to Another Account". It means the Credit Card is considered to be an Internal Account (or maybe a Virtual Current Account) or an account which is an Asset and certainly not an Expense).

Please advise.