I have both my checking account and credit cards on automatic download feeds. However, how do I offset the charges, so that it does not look like I made the transaction twice? (once from my original credit card charge and then again when I pay off the charge from my checking account). Am I supposed to list the payment from the checking account to the credit card as a different type of transaction? If so what do I list it under? Example, if I bought office supplies on my credit card, I list it under office supplies, and then when I make the payment from my checking account to my credit card I am listing it again under "office Supplies" but I think I should be listing it under something else, so it doesn't look like I made the purchase twice. What do I list the payment under?
You can create a Credit Card Credit in QuickBooks to keep track of the charges and payments you made. Just make sure to select checking account in the category item so it doesn't look you've made the transaction twice.
Go to the Banking menu.
Choose Credit Card Refund/Credit.
Select the vendor from the Purchased From ▼ dropdown.
Select the date.
(Optional) Enter a memo explaining the charge or refund.
Select Checking account under the category item and enter the expenses/items you want to track.
Hi @Joesem M All my transactions automatically get downloaded to QB (both checking and credit card). If I make a payment to pay off my Whole credit card bill from my checking account. (keeping in mind its a variety of charges for different things). Then what would I list the entire credit card payment under in my checking account?