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Level 1

Entering payments via check for credit cards

Hi,

 

I am new to QB Pro 2018 on my Windows 10 laptop. I do work for my old landlord recording expenses for his multiple properties. I do NOT access any of his bank accounts or credit accounts online. He hands me his checkbook duplicates, bank statements, credit card statements, and other miscellaneous expenses. I usually get these several months later.

After watching multiple videos and other tutorials, I have figured out that I can use the bank register to record the expenses from the checkbook duplicates. However, I am very confused on how to enter the payments for the credit cards. I know that I have to enter the transactions in order to assign that expense to the appropriate property, and also to reconcile it. But when it comes time to enter the payment,  do I enter the payment on the check as usual? If I do, I won't be printing it nor paying it as it has already been paid. Also, how will it affect (either writing the check as if the payment hasn't been made or on the register) any reports, such as his P/L or balance sheet, etc.?

Any advice on how best to record these payments will be much appreciated. Thank you.

Solved
Best answer July 24, 2018

Best Answers
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Level 15

Entering payments via check for credit cards

You enter each charge to the credit card using the expense account it was for.  You can use enter credit card charges from the menu, or do it in the register for the CC type account.  

 

CC are their own type account in QB

 

then when a payment is made on the CC, you enter the check or EFT/ACH in the bank register and use the CC account as the expense (reason) for the payment, that will lower the balance due on the CC

View solution in original post

1 Comment
Highlighted
Level 15

Entering payments via check for credit cards

You enter each charge to the credit card using the expense account it was for.  You can use enter credit card charges from the menu, or do it in the register for the CC type account.  

 

CC are their own type account in QB

 

then when a payment is made on the CC, you enter the check or EFT/ACH in the bank register and use the CC account as the expense (reason) for the payment, that will lower the balance due on the CC

View solution in original post

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