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Countrygirl
Level 2

Expense receipts

Where to post expense receipts from a credit card that no longer exists? 

Solved
Best answer October 30, 2020

Best Answers
Countrygirl
Level 2

Expense receipts

Thank you! That’s perfect, just wasn’t sure if it was the right way. I have not found the trail for uncategorized payments from any bank account. So I’m not sure what account to pay the CC  with? 

View solution in original post

4 Comments 4
JessT
QuickBooks Team

Expense receipts

Hi Countrygirl!

 

If these expense receipts are still part of your company expenses, you'll want to create a credit card account in your Chart of Accounts. Then, you'll want to record these expense transactions against it.

  1. From the Banking menu, select Enter Credit Card Charges.
  2. Select your credit card account in the CREDIT CARD field.
  3. Enter the details of your transactions and click Save & Close.

The credit card account will accumulate a every time you enter transactions. If this balance was already paid in the actual, you can record a payment as well by making a transfer from your business account. After that, you can inactivate the credit card account.

 

Make a transfer (payment) to zero out the balance of the credit card account:

  1. From the Banking menu, select Transfer Funds.
  2. Transfer from your business to your credit card account.
  3. Enter the amount..
  4. Click Save & Close.

To inactivate the credit card account from your Chart of Accounts:

  1. Go to your Chart of Accounts.
  2. Right-click on the credit card account.
  3. Choose Edit Account.
  4. Put a check mark in the Account is Inactive checkbox.
  5. Click Save & Close.

Feel free to post again if you have additional questions in mind. Have a good day!

BigRedConsulting
Community Champion

Expense receipts

Depends.

- If this was a company credit card, then the charges should be in your credit card register in your company file.

- If this is a personal card and you're seeking reimbursement, then enter a reimbursement check to yourself.

- If this is a personal card and you're not seeking reimbursement because you're the owner, you can enter the charges as an increase to your equity account

Countrygirl
Level 2

Expense receipts

Thank you! That’s perfect, just wasn’t sure if it was the right way. I have not found the trail for uncategorized payments from any bank account. So I’m not sure what account to pay the CC  with? 

View solution in original post

Countrygirl
Level 2

Expense receipts

Very helpful! Company CC that was cancelled by owner I am assuming. I am starting fresh new QB and these receipts are from January. I have no information on  the CC accounts. 

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