ATV purchased don't deduct from my Itunes account

When I purchased ATV I also purchased a $50 gift card.
I went to Itunes and redeemed the card and the $50 showed up in Itunes.
I've noticed that when I rent or purchase movies using ATV I get a pdf receipt emailed to me but money isn't deducted from my Itunes account.
Is ATV supposed to deduct purchases from your Itunes account? If so why isn't doing that?

Try logging out and then back into your itunes account. I had the same issue, and that resolved it

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