Credit card

Brendobn · ‎February 13, 2023

I'm reconciling my credit card, and we have different sub-accounts (different cards) for the same BOA credit card. One of the cards had a refund and the monthly balance ended up negative -$100.00. How do I apply the credit since I enter bill after reconciling the subaccounts.

1 BOA CC = $900.00

1.1 CC x1010 = $1000.00

1.2 CC x1020 = -$100.00

Nicole_N · ‎February 13, 2023

Hi, thanks for taking the time to explain your concern here.

Let me help you enter a credit or refund you received through a credit card in QuickBooks Desktop (QBDT).

Here's how:

From the Banking menu, select Enter Credit Card Charges.
Choose the Credit Card account and select Refund/Credit.
Select the vendor from the Purchased From dropdown and the Date.
Enter a memo explaining the charge or refund. This is optional.
Select the Expenses or Items tab and enter the expenses/items you want to track.
Select Save & Close.

You may refer to this article for more information: Set up, use, and pay credit card accounts.

Additionally, I've included this link that you can check out about handing the payables in QuickBooks Desktop: Accounts Payable workflows in QuickBooks Desktop

If there's anything else that I can help you with, please let me know in the comment section below. I'll be always around to help. Take care.

View solution in original post

Nicole_N · ‎February 13, 2023

Hi, thanks for taking the time to explain your concern here.

Let me help you enter a credit or refund you received through a credit card in QuickBooks Desktop (QBDT).

Here's how:

From the Banking menu, select Enter Credit Card Charges.
Choose the Credit Card account and select Refund/Credit.
Select the vendor from the Purchased From dropdown and the Date.
Enter a memo explaining the charge or refund. This is optional.
Select the Expenses or Items tab and enter the expenses/items you want to track.
Select Save & Close.

You may refer to this article for more information: Set up, use, and pay credit card accounts.

Additionally, I've included this link that you can check out about handing the payables in QuickBooks Desktop: Accounts Payable workflows in QuickBooks Desktop

If there's anything else that I can help you with, please let me know in the comment section below. I'll be always around to help. Take care.

Brendobn · ‎February 13, 2023

Sorry, but that's not what I meant.

I have already entered the credit card refund. My question is about the credit card reconciliation. We can create a bill from the reconciliation when we have payables, but how can we create a credit to apply to a future bill when on my reconciliation I actually had a credit. My balance on the credit card is $-100.00. How will I apply that credit to a future bill?

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