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.
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.
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.
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!
Hi! Thanks for this thread; this is exactly what I'm having trouble with. I want to be 100% sure I'm reading this 100% correctly.
I have been recording my automatic credit card payments as "credit card payments" on both the credited and debited sides of the transaction. QBO offers me that on both sides, so I thought that was the obvious option.'
Should I ONLY be labeling it as a "credit card payment" on the debited side, and as a "transfer" on the credited side?
You've read it right, @OneshiPress.
In recording automatic credit card payment, you labeled this on the debited side while transfer on the credited section. However, as mentioned by my colleague above, it would be best to consult also an accountant to ensure that the recording is accurate to avoid discrepancies.
In addition to that, let me share this article to help record payments you make to your credit cards in QuickBooks Online: Enter credit card payments.
Keep in touch in case you have other questions about managing credit card payments in QuickBooks. I've always got your back to help you. Stay safe and have a good one!