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fishyfillet
Level 2
posted
‎December 10, 2019 05:12 PM
last updated ‎December 10, 2019 9:12 AM

How to record a monthly payment in to a connected personal credit card

Hi I'm new to Quickbooks Self Employed

 

My personal credit card is connected to Quickbooks self employed. (I also have a business account connected to QB)

 

This personal Credit card is settled monthly by my personal bank account.  How do I attribute this transaction in QB. It has been automatically tagging it as 'personal income'?

 

Is this ok, or, Should I exclude this monthly payment?

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Angelyn_T
QuickBooks Team
QuickBooks Team
‎December 10, 2019 06:16 PM

How to record a monthly payment in to a connected personal credit card

Glad to have you here on the Community page, @fishyfillet.

 

Only transactions that were tagged under business will be included in the calculations we do for estimated taxes in QuickBooks Self-Employed. That being said, you don't need to exclude the transactions since they were already automatically tagged as personal income.

 

To know more about the business and personal expenses, you can read these articles:

 

 

Leave a comment below if you have any other questions. I'm more than happy to help. Wishing you a good day!

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