We are increasingly paying invoices by credit card however I would still like to be able to track these purchases through AP. I searched the forum and found this topic discussed on 5/13/09. I have done the following and just want to confirm that my thought process is correct:

I created a new GL account called 'Due to American Express'.
I created a new control account in AP and used the new GL account as the payable control.
I created a new bank account in AP and used the new GL account as the Bank acct.

I am using the new control account for any vendor that will be paid by credit card, so that when I record an invoice the expense w/b debited and the Due to Amex w/b credited.

When I go to charge the invoice I will process a check run for the Amex control account. This will in turn debit & credit the same account, creating a zero dollar transaction (as it s/b as I am simply charging the invoice)

When the Amex bill comes in, I will still need to record the purchases as well as the pmt. I normally do this through a GL entry due to the fact that the large number of distributions normally hangs up in AP AND we pay the Amex bill online.

Am I missing anything? Am I correct that the new 'Due to Amex' GL account is really set up for the purpose of the control account; nothing will ever really go through that account in the GL.

And of course is there a better way of accomplishing what I'd like to do?

Thanks