Hi everyone. I am using Zoho Books Pro (UK) and have come across an interesting one. I have created a Credit card account int the banking tab and enter the opening balance. I now want to add an interest charge. My question is how do I categorise this when I select "Add Transaction"?

I guess "expense" is the best fit rather than card payment or bill payment but what "expense Account" should I record it under?

Should I create a dedicated expense account called "interest"? Or should I log it under "credit card charges"?

The description for this account is: Description : Service fees for transactions , balance transfer fees, annual credit fees and other charges levied on a credit card are recorded into the credit card account.

Does not seem to mention interest?

Many thanks

James