United States United Kingdom Australia Canada (English) Canada (French) France Singapore South Africa Global Ireland
cancel
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for 
Search instead for 
Did you mean: 
cats1life
Level 1
posted
‎March 11, 2022 02:40 PM
last updated ‎March 11, 2022 2:40 PM

Credit Card Fraud - Duplicate balance

I have a linked credit card that was compromised due to fraudulent charges.  The card was shut down and a duplicate card issued.  Let's say the balance was $5000 on the date of shut down.  A new card was issued and I linked that card to my QB and it had an opening balance of $5000.

There didn't appear to be a way to transfer that balance of the original card to the new card, since the original card was shut down and it was not a balance transfer.

How do I get rid of the original card's ending balance so that it doesn't appear that I have $10K in credit card debt?

Reply Join the conversation
2 Comments 2
MichelleBh
Moderator
Moderator
‎March 11, 2022 05:12 PM

Credit Card Fraud - Duplicate balance

I can't let this happen to you, @cats1life . 

 

I have a workaround to help fix your credit card balance in QuickBooks Online. 

 

With this, I'd suggest creating a Journal Entry to resolve your credit card balances. Before that, please seek advice from an accountant on this matter. They can help you choose the appropriate account to use. If you don't have an accountant, check this link to get one: QuickBooks Certified ProAdvisor.

 

Once confirmed, you may now create a Journal Entry. Visit this article for more details: Create a journal entry in QuickBooks Online.

 

Moreover, don't forget to categorize the transactions and reconcile your banking account.

 

Lastly, feel free to visit these articles below on how to fix reconciliation and upload bank errors in QuickBooks: 

 

 

Drop a comment below if you have any other concerns, and I'll get back to you as quickly as possible. Keep safe, cats1life. 

Reply Join the conversation
Rainflurry
Level 14
‎March 12, 2022 06:42 AM

Credit Card Fraud - Duplicate balance

@cats1life  

 

Create a journal entry - debit the old card for $5,000, credit the new card for $5,000. Or, reassign the existing charges to the new card.

Reply Join the conversation
Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.
Featured
Boosting Productivity with Workflows in QuickBooks Online Advanced
Did you know that you can enhance your business processes with the automate...
Read more
Top 5 Questions- Banking
Hello, QuickBooks Community! As we approach the busy season, we want to add...
Read more
Quick Help with QuickBooks: The QuickBooks Corn Maze
As our week of Fall Tricks & Treats comes to an end, we have one final trea...
Read more

Need to get in touch?

Contact us