Thank you for posting your queries here on the Community page, ac94. Recording a payment from your business current account to a business credit card depends on whether the current account is a credit card or a bank account. This transaction wouldn’t be categorized as "credit card charges" because it’s either a transfer or a payment to your credit card. Let’s go through your options to record this in QuickBooks.
If you’re looking to move money from one account to another within the same bank, such as transferring funds from a savings account to a current account (either between two bank accounts or two credit card accounts), you’ll need to record the transaction as a transfer in QuickBooks. Here’s how:
1. Go to the + New button in QBO.
2. Choose Transfer from the dropdown menu.
3. From the "Transfer Funds From" field, select the account you’re transferring money out of (e.g., Savings Account).
4. In the "Transfer Funds To" field, select the account receiving the money (e.g., Current Account).
5. Enter the transfer amount, the date, and click Save.
Please refer to this article for other steps you can use to record this transfer: Transfer funds between accounts.
This ensures QuickBooks properly records it as an internal transfer between your accounts and not as income, an expense, or any other type of transaction.
If you’re transferring a payment from a business bank account to a business credit card, it will be considered as a payment to your credit card account, not as a credit card charge. This will reduce the balance for both accounts (bank and credit card). If this is the case, you can follow the steps shared in this article to record it: Transfer funds from a bank to a credit card account.
Please don't hesitate to leave us a response if you have other questions or concerns.
