Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
I'm here to help, debc2.
You can create a journal entry to add or credit the amount back to your credit card account.
Let me show you how:
Please see attached screenshot.
For future reference, you may want to connect the credit card account with QBO. From there, any transactions will be downloaded automatically in the system.
Here's an article that will provide more information: Connect bank and credit card accounts to QuickBooks Online.
Please let me know if you have any follow-up questions. I'll be around to help. Wishing you a good one.
Do NOT use opening balance equity as the intuit rep, @JaneD , suggests. Opening balance equity is just what it says, an account for opening balances and is not used when you have no idea where else to put the entry.
The bank gave you back two cents, that is income, make a deposit in that amount and select other income as the source account for the deposit.
You can use interest expense as the source account, but accepted accounting says you do not put income in an expense account, your chocie
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here