simple bookkeeping question - credit cards

[Justin C.]

If I charge $500 at Lowes for supplies and list the entry as a supplies line item, then where does the credit card payment go?  Can't wrap my head around this one.

thanks in advance

[Arlan Potter]

The easiest way is to post nothing until you pay the credit card. Cash Basis.

When you pay for the supplies you post the payment.

For example: I charge everything at Lowes(with the address for a PO) then monthly we pay the statement and expense everything to each job.

Unless you are accrual based and I don't know why you would be.