How to add a credit card with an outstanding balance

Use one of these two options to add a credit card with an outstanding balance:

Create a new credit card and add an outstanding balance

1. Set up a new company Credit Card.
2. Create a journal entry to enter the outstanding balance.

Add the credit card as a new vendor

1. Create a credit card as a vendor.
2. Create a purchase invoice.
3. Make a payment when you want to pay the outstanding balance.