Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
CYBER MONDAY SALE 70% OFF QuickBooks for 3 months* Ends 12/5
Buy nowHow do I log a full balance statement payment made to a company's credit card with a personal checking account?
Solved! Go to Solution.
Thanks for checking back with us, @jweeks25.
For this one, I recommend consulting with your accounting professional. Your accountant can advise the best way to handle the transactions based on your business needs. If you don't have an accountant, don't sweat it. You can find one here in our Resource Center.
If there is anything else I can assist you with, please don't hesitate to let me know. Have a good one!
Hello there, jweeks25.
You can record a full balance payment made to a company's credit card using your personal checking account by creating a Journal entry.
Here's how:
For more detailed information, you can refer to this article: Pay for business expenses with personal funds.
If you have more questions, click the Reply button below.
Hi, Thank you for that answer.
I had seen that option and used it but the problem i am having is that I had paid the minimum payment to business credit card for 4 months prior to making the large payment, at this point balance had increased exponentially because of it, and there many purchases in a statement, there are also credits due to returns and minimum payments made to the card, so I am very confused on how to log everything in journal. I need to know if there is any other way of doing it. thank you!
Thanks for checking back with us, @jweeks25.
For this one, I recommend consulting with your accounting professional. Your accountant can advise the best way to handle the transactions based on your business needs. If you don't have an accountant, don't sweat it. You can find one here in our Resource Center.
If there is anything else I can assist you with, please don't hesitate to let me know. Have a good one!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.
For more information visit our Security Center or to report suspicious websites you can contact us here