Hello everybody, I have a credit card question. I have a Chase ink business credit card and business bank debit card on the same qb account. I linked the chase CC through the quick link. Made a purchase for 2 iPhones with the CC. I made an expense and matched those two together ( hopefully this is right). My next question is when I make a payment from my bank to the credit card , do I mark it as “ credit card liability” in qb once the payment clears?
If you're tracking both the credit card and the bank account you make the payments from in QuickBooks, then the easiest thing to do is click the + sign and select Transfer.
This will allow you to move the money from the bank account and apply it to the credit card account. Then when the transactions download in both accounts in the bank feed it will pick up the existing transfer and you just click on Match.