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Level 1

Are their two ways to enter credit card transactions ?

 
6 Comments
Moderator

Are their two ways to enter credit card transactions ?

Hi there, Believe,

I’m here to help share information on how to enter credit card transactions in QuickBooks Online. It could be either through the Plus icon or via the Chart of Accounts.

To enter credit card transactions through the Plus icon, here’s how:

  1. Go to the Plus icon at the top.
  2. Under Vendors section, click Expense.
  3. Choose a payee and select Credit Card on the Bank/Credit account.
  4. Fill out the necessary information in the in the Account details.
  5. Click Save and close.

To enter credit card transactions via the Chart of Accounts, follow these steps:

  1. Go to Accounting menu at the left.
  2. Look for the Credit Card account then click the View Register link.
  3. Click on the Add expense drop-down menu and select the specific transaction type.
  4. Enter the necessary information.
  5. Click Save.

As always, you can contact our QuickBooks Support team if you need assistance with the steps. They have the necessary tools like screen sharing to walk you through.

Here’s how to reach them:

  1. Click this link https://help.quickbooks.intuit.com/en_US/contact.
  2. Choose the QuickBooks Product.
  3. On the Contact Us page, select a topic.
  4. Click on Get Phone Number button to see the support number.

Please feel free to reach back out if you have further questions on how to enter credit card transactions in QuickBooks Online, I’d be happy to answer it for you. Have a great day!

Level 1

Are their two ways to enter credit card transactions ?

Is it easier to make a three column spreadsheet with date, description, and category and upload it? Thanks. 

QuickBooks Team

Are their two ways to enter credit card transactions ?

Hello there, @Yehsherpa.

 

Thank you for joining this thread. Allow me to step in and share some more information about uploading transactions in QuickBooks Online.

 

Yes, you have the option to import bank transactions using Excel CSV files. You can either use the three-column or four-column format. This allows you to save time and effort in manually entering the transactions.

 

If you prefer automatic download of transaction from your bank to your QuickBooks account, you can also add and connect bank and credit card accounts.

 

Let me know which option you prefer, Yehsherpa. I'm still here to help you more if you have additional question about banking. Just drop a comment below.

Level 1

Are their two ways to enter credit card transactions ?

Is the credit card account an asset in the chart of account (visa receivable / bank account?) or is it a liability (visa payable)?

 

 

 

 

Level 1

Are their two ways to enter credit card transactions ?

Is the credit card bank account considered an asset (visa receivable) or a liability (visa payable)? I'm a little confused with which category to put our visa expenses on and how to mark down a visa payment with our checking account

Level 3

Are their two ways to enter credit card transactions ?

Hi Reganrolfes,

 

It's not an asset, visa doesn't owe you money, you owe them thus a liability. If you are manually capturing these expenses on a journal entry, then you debit the expense acct for the individual charges and credit credit card payable. When you pay the credit card, debit the creditcard payable acct and credit the bank you paid from. If you are using the bank feed to ad, then you add/allocate the expenses to the proper exp acct and when you pay the creditcard you record as "credit card payment" on the options, select which card etc. Hope that helps.

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