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Level 1

Expenses through credit card.

All my expenses are paid with my credit card, then the profit and loss statement does not come out correctly because it only sees credit card payment as an expense.

How do I get the correct PnL statement?

Solved
Best answer April 03, 2020

Best Answers
QuickBooks Team

Expenses through credit card.

Let me clear up the confusion for you, @travelingisawesome.

 

When you connect your online bank account in QuickBooks Online, the program automatically downloads the last 90 days of transactions recorded by your bank. However, these transactions aren’t in the program just yet.

 

Once they're in the Bank Feed, you’ll need to categorize these transactions. This way, you can make sure that they're recorded to the correct accounts. You can assign, categorize, edit, and add your downloaded banking transactions.

 

Let me know if there’s anything else I can help you with. Take care.

View solution in original post

2 Comments
QuickBooks Team

Expenses through credit card.

Let me clear up the confusion for you, @travelingisawesome.

 

When you connect your online bank account in QuickBooks Online, the program automatically downloads the last 90 days of transactions recorded by your bank. However, these transactions aren’t in the program just yet.

 

Once they're in the Bank Feed, you’ll need to categorize these transactions. This way, you can make sure that they're recorded to the correct accounts. You can assign, categorize, edit, and add your downloaded banking transactions.

 

Let me know if there’s anything else I can help you with. Take care.

View solution in original post

Level 1

Expenses through credit card.

Thank you very much. The response was prompt and helpful.

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