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llombard30642
Level 1

If I have checking and a credit card both updating automatically so that I can review all charges on the credit card individually. How do I record the card payment?

How do I record credit card payments?
3 Comments 3
Ryan_M
QuickBooks Team

If I have checking and a credit card both updating automatically so that I can review all charges on the credit card individually. How do I record the card payment?

Hi @llombard30642,

 

You have a few ways to record credit card payments in QuickBooks Online (QBO).

 

What I suggest is to use the Pay down credit card transaction.

 

Here's how:

 

  1. Go to the + New menu.
  2. Select Pay down credit card.
  3. Choose the credit card account you want to record the payment. 
  4. Enter the payment amount. 
  5. Type in the date of the payment. 
  6. Pick the bank account you use to pay for the credit card. 
  7. If you made a payment with a check, select I made a payment with a check. In the Check no. field, enter the check number, or if you paid electronically, enter the EFT number.
  8. Use Memo and attachments if you want to add notes or file attachments.
  9. Hit Save and Close.

Alternative methods are in this article: Record your payments to credit cards. Take a look at all the options available, then you can decide which one works for you. 

 

On the other hand, see this article: Process a credit card payment in QuickBooks Online. It's a detailed guide on how you can sign up for QuickBooks Payments so you can process credit card payments.

 

Feel free to post a reply if you have other questions about the process of recording credit card payments. I've got your back here in the Community.  

llombard30642
Level 1

If I have checking and a credit card both updating automatically so that I can review all charges on the credit card individually. How do I record the card payment?

I think the issue is the automatic update from my checking account.   

Am I correct that the automatic payment should be recorded as a "credit card payment" and the automatic entry of the receipt of the payment on the credit card side is a "transfer" from the checking while the charges to the card are the "expenses"?   

I keep duplicating entries with the automatic updates and get so confused as to how to correct/delete duplicates.

 

 

AileneA
QuickBooks Team

If I have checking and a credit card both updating automatically so that I can review all charges on the credit card individually. How do I record the card payment?

Hello, llombard30642. 

 

Yes! You're on the right track and you doing it correctly. However, it's best to consult an accountant to help you identify the affected accounts to prevent any discrepancy in your books in the future.  

 

To know more about processing a credit card, and how to record automatic payments in QuickBooks please check out these related articles: 

 

 

I'll keep an eye on this post for your reply. Please let me know by adding a comment below. I'm always here to provide answers. Have a great day!

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