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Journal Entry for Credit Card Rewards. When the company receives a credit card reward, account has to record it as the other income in the other comprehensive income statement. The journal entry is debiting cash at the bank and credit other income.
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13 paź 2023 · You can account for credit card rewards by recording them in the “Other Income” or “Credit Card Credit” sections of accounting software such as QuickBooks. Here’s when you need to account for credit card rewards:
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How are credit card rewards treated in accounting? Generally, credit card rewards are not considered income, so they’re not recorded on a balance sheet. If your credit card has a points-based system or airline miles, then you probably won’t need to report your rewards.
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