cancel
Showing results for 
Search instead for 
Did you mean: 
Revitalize_Bookkeeping
Level 2

Overpayment of Credit Card Balance

My client does not have customers as they are paid by one company for their fee's. They had a credit card balance of $644.03 but paid $692.02 which included 2 entries that were not in the total amount due as they were on the next statement cycle. This results in a credit of $47.99 showing when I try to reconcile. How do I resolve this? Do I reconcile with the credit balance showing? Do I create a journal to clear the balance and then reverse it once I've reconciled? She has done this with a few different months so I want to be clear on what I need to do. FYI - I have already told her to set up auto payments.

Need to get in touch?

Contact us
Sign in for the best experience
Ask questions, get answers, and join our large community of QuickBooks users.
Sign In / Sign Up