When making a release, it is common to look at the transaction screen to be sure whether we created this expense correctly or not. It turns out that when creating a credit card expense, we were unable to locate this entry on the transaction screen on the date of purchase. That's when some doubts arise. "Did I record expenses on the wrong date?", "Why isn't my expense showing up?"
This article is exactly for you, who have already asked this type of question when you can't find your credit card expenses. 😉
Credit card expense behavior
You must be wondering why your credit card charges, on the transaction screen, do not appear on the day of purchase.
On the transaction screen, they appear on the invoice's payment day. However, whenever you want to know the exact day of purchase, you must access your invoice.
Many economists determine that an expense is only an expense at the time it is paid.
When we buy something on a credit card, the money for these expenses is debited from the account when the invoice is paid. Following this concept, card expenses become expenses for the month in which they are paid, this usually happens in the month following the purchase. You can easily check the purchase date on the card invoice screen.
This is the concept we have adopted at Mobills to manage card expenses.
Simple right? Now you will always know where your card transactions are!