A way to account for paying a credit card as an expense and the reduced debt resulting from said payment would be more accurate bookkeeping. I like the idea of incorporating additional liability functions to track loans and associated interest as well. Yes I basically want a mini quickbooks.
AdminAlex (Admin, iBear LLC) commented
Use the transaction type "Discharge of Liability" to pay off a loan – it will allow you to specify payment account, category, sum of the principal debt, interest and processing fee. This transaction will also appear in reports.