Recording credit card payments and matching transfer payment?

accounts-gapreno · ‎May 25, 2022

Hi, I have Business Credit Card and a Business Account. I often pay for something on my Business Credit Card and then usually transfer the money from my Business Account to my Credit Card to pay the balance of these credit card transactions usually once a month.

1) How do I record the bills / receipts for transactions I have paid with my credit card to show they were on my company credit card?

2) How do I record the monies I have transferred from my Business Account to my credit card account to show I have paid off the balance? eg. the monies transferred might cover lots of different bills / expenses paid on the credit card so it will be the total balance rather than transferring individual transactions at a time.

Thanks in advance

Amanda

Ashleigh1 · ‎May 25, 2022

Hello Amanda,

Welcome to the Community page,

So for 1. you can create the bill/expense in Quickbooks and choose the credit card in the payment field on the bill/expense and then match it up on the banking page on the credit card tile.

For 2. you can either make a transfer or use 'pay down credit card' both do the same thing so can choose either way to record it.

View solution in original post

Ashleigh1 · ‎May 25, 2022

Hello Amanda,

Welcome to the Community page,

So for 1. you can create the bill/expense in Quickbooks and choose the credit card in the payment field on the bill/expense and then match it up on the banking page on the credit card tile.

For 2. you can either make a transfer or use 'pay down credit card' both do the same thing so can choose either way to record it.

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Recording credit card payments and matching transfer payment?

Recording credit card payments and matching transfer payment?

Recording credit card payments and matching transfer payment?

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