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7150
Level 2

How do I reconcile a credit card account when the previous month's bill was not paid in full? The full bill amount previously created is still showing in Pmts and credits

 
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Best answer March 30, 2020

Best Answers
ZackE
QuickBooks Team

How do I reconcile a credit card account when the previous month's bill was not paid in full? The full bill amount previously created is still showing in Pmts and credits

Hi there, 7150.

When a previous month's bill was not paid in full, it can be reconciled by.going to the Plus Icon, then Pay Bills. From here, you can edit partial payments, and change them to the exact amount you paid. Once you've done this, it should display correctly when reconciling your credit card.

Moving forward, I'd recommend using the Write Checks feature. This will allow your transactions to show up in your register along with the charges, so that you can reconcile them easily. Here's how:
1. In the menu bar at the top, go to Banking, then Write Checks.
2. Find the Bank Account drop-down menu, and click on the one that you want to use to make the payment.
3. Enter the date.
4. Pick the name of your company in the Pay to the order of drop-down.
5. Enter the amount.
6. Hit the Expenses tab, and choose the credit card.
7. Select Save and Close.

Additionally, here's an article that can help to guide you through paying your credit card in QuickBooks: Set up, use, & pay credit card accounts

If you have any questions, I'll be here to help. Enjoy the rest of your day!

View solution in original post

2 Comments
ZackE
QuickBooks Team

How do I reconcile a credit card account when the previous month's bill was not paid in full? The full bill amount previously created is still showing in Pmts and credits

Hi there, 7150.

When a previous month's bill was not paid in full, it can be reconciled by.going to the Plus Icon, then Pay Bills. From here, you can edit partial payments, and change them to the exact amount you paid. Once you've done this, it should display correctly when reconciling your credit card.

Moving forward, I'd recommend using the Write Checks feature. This will allow your transactions to show up in your register along with the charges, so that you can reconcile them easily. Here's how:
1. In the menu bar at the top, go to Banking, then Write Checks.
2. Find the Bank Account drop-down menu, and click on the one that you want to use to make the payment.
3. Enter the date.
4. Pick the name of your company in the Pay to the order of drop-down.
5. Enter the amount.
6. Hit the Expenses tab, and choose the credit card.
7. Select Save and Close.

Additionally, here's an article that can help to guide you through paying your credit card in QuickBooks: Set up, use, & pay credit card accounts

If you have any questions, I'll be here to help. Enjoy the rest of your day!

View solution in original post

7150
Level 2

How do I reconcile a credit card account when the previous month's bill was not paid in full? The full bill amount previously created is still showing in Pmts and credits

Thank you!  Your solution worked great.  In the future, I will not use "create a bill" once the reconciliation is complete. 

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