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Level 2

Overpayment to Bank Statement

I am working on entering old bank statements manually into Quickbooks. I have a company credit card that I do not have linked into my bank feeds that I am entering previous transactions for. My issue is that when these statements where paid my coworker would pay the whole balance due instead of just what was owed on the statement. Now my question is, can I enter every item on the statement and then make out a "check" to pay it off or would I need to find out exactly which items where paid at one time and put those all together under one payment. We have a separate checking account which I use to pay this credit card, this checking account is linked into my bank feeds. If I enter only the amount of each statement instead of the paid amount will that throw me off while reconciling? 

Solved
Best answer 02-26-2019

Accepted Solutions
QuickBooks Team

Re: Overpayment to Bank Statement

Hello there, York Signs.

 

I'm here to discuss on how to handle overpayment to a Bank Statement.

 

You can enter every item on the statement for the credit card account. As to how it was paid, you'll have to record how it shows on the bank statement. You can enter the entire paid amount so it will not show as off in the reconciliation.

 

This article provides a detailed steps on how to pay credit card accounts in QuickBooks Desktop: Set up, use, and pay credit card accounts.

 

Just in case you want additional help from our Care Support Team, don't hesitate to reach them out through this link: QuickBooks Desktop Support​.

 

Here's how:

  1. ​Sign in to your QuickBooks Desktop company.​
  2. Select QuickBooks Help.
  3. Click Contact us.

Let me know if there's anything else I can help you in handling overpayment to the bank statement. I'm always happy to help.

View solution in original post

3 Comments
QuickBooks Team

Re: Overpayment to Bank Statement

Hello there, York Signs.

 

I'm here to discuss on how to handle overpayment to a Bank Statement.

 

You can enter every item on the statement for the credit card account. As to how it was paid, you'll have to record how it shows on the bank statement. You can enter the entire paid amount so it will not show as off in the reconciliation.

 

This article provides a detailed steps on how to pay credit card accounts in QuickBooks Desktop: Set up, use, and pay credit card accounts.

 

Just in case you want additional help from our Care Support Team, don't hesitate to reach them out through this link: QuickBooks Desktop Support​.

 

Here's how:

  1. ​Sign in to your QuickBooks Desktop company.​
  2. Select QuickBooks Help.
  3. Click Contact us.

Let me know if there's anything else I can help you in handling overpayment to the bank statement. I'm always happy to help.

View solution in original post

Level 2

Re: Overpayment to Bank Statement

So you're saying that as long as I enter every item on the statement and the correct payment amounts it will all work out in the reconciliation?

Anonymous
Not applicable

Re: Overpayment to Bank Statement

Hello, @York Signs.

 

Thanks for getting back on this thread. Allow me to step in and help share additional information about your overpayment.

 

Yes, you're correct, it'll work out in the reconciliation as long as the item and payment amounts are correct. You can also refer to this related post answered by our Community backer: https://community.intuit.com/questions/1744211-how-to-leave-an-overpayment-on-a-credit-card-account-....

 

Please don't hesitate to visit the Community again if you have other questions. We're always happy to help.

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