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Level 1

Payment on business credit card in error.

I'm new to quickbooks and and accounting. I'm confused as to how to handle an expense that was made on my business credit card that should have been on a personal credit card. After downloading the charge is waiting for me to review and categorize.

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QuickBooks Team

Payment on business credit card in error.

Hi there, @bryanbrown4638.

 

QuickBooks is dependent on the information provided by your bank. You'll want to add a memo to the transactions indicating that is should you be on your personal credit card account. 

 

This way, you'll be able to keep track of your transactions. Here's how in your 

  1. Go to the Banking or Transactions menu.
  2. Select the your business account.
  3. Click the For Review tab and choose the All tab.
  4. Locate and open the transaction.
  5. Type in should be a personal account in the Memo field. 2.PNG

Here's an article you can read  for additional reference: Assign, categorize, edit, and add your downloaded banking transactions.

 

You can consult your accountant if you want more tips on how to better record this. You might also want to check this article to learn more about reconciling accounts in your QuickBooks Online (QBO) account: Reconcile an account in QuickBooks Online.

 

Also, I encourage checking our Getting started page to learn how QBO works.

 

Let me know in the comment section below if you have other concerns. The Community is always around to help.

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