Paying a Credit Card Statement and making payments between statements

Maverick2 · ‎March 07, 2022

Let's say:

1. I've entered all my credit card charges and credits into quickbooks.

2. I've reconciled my credit card account.

Now, to pay the credit card bill. I have seen 3 methods:

1. Write a check now.

2. Enter bill for later.

3. Do a transfer funds.

My credit card is connected to my bank, so I can go online and do a transfer there. I am thinking that it makes the most sense to do the same in Quickbooks at Banking>Transfer Fund since I pay it right away. Seems to be the easiest way.

And for making payments mid-month, can I not just do the same thing?

BigRedConsulting · ‎March 07, 2022

Yes, you can use a check or transfer transaction to pay your CC as many times as you want mid-month/between reconciling.

View solution in original post

BigRedConsulting · ‎March 07, 2022

Yes, you can use a check or transfer transaction to pay your CC as many times as you want mid-month/between reconciling.

Maverick2 · ‎March 08, 2022

Thanks BRC!

GG43 · ‎January 12, 2023

Just starting the CC process of reconciling.. what do you do with the "bill" per se.. do you enter the bill into QB? (i do enter all the individual charges under credit card activities.. and then when the statement.. i should be saying statement vs. bill.. ) but okay.. do you enter the "statement" in QB or do you not because the individual charges are already there.. and then just reconcile & transfer funds to pay?? (i like the latter.. but want to make sure i'm doing it right)

thanks

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Paying a Credit Card Statement and making payments between statements