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Level 2

Print name on check as

I am trying to figure out how to put together multiple print name on check as, for a credit card payment into one check. The payment goes to the credit card but the credit card is used to pay multiple vendors. This vendors are 1099s eligible. How can I set up this vendors so that I can show the charges to the vendor for 1099s purpose and then print the check for all of these different vendors into one check made out to the credit card? As of right now it is printing one check per vendor, all though all of these vendors say print name on check as to the same credit card name. Meaning one credit card statement (one balance) will have multiple check for payment.

Solved
Best answer 01-28-2020

Best Answers
Highlighted
Level 8

Print name on check as

Payments to a credit card should use the CC account on your chart of accounts. It's much like a bank account, only in reverse.  You enter each charge in the register to the vendor you charged it to.  Then when it is time to make a payment on the account, use a check from your bank account and the CC account as the "expense" account.

 

Payments made using a credit card are not reportable on a 1099-misc form, so you don't have to worry about that aspect of your case.

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Highlighted
Level 8

Print name on check as

Payments to a credit card should use the CC account on your chart of accounts. It's much like a bank account, only in reverse.  You enter each charge in the register to the vendor you charged it to.  Then when it is time to make a payment on the account, use a check from your bank account and the CC account as the "expense" account.

 

Payments made using a credit card are not reportable on a 1099-misc form, so you don't have to worry about that aspect of your case.

View solution in original post

Highlighted
QuickBooks Team

Print name on check as

Welcome to the Community, @mleguizamon.

 

Currently, in QuickBooks Desktop, there isn't a way to add multiple vendors to a check. The way the checks are printing is correct because there should be one for every vendor. Like @brconsultingid2 said, the 1099-misc form doesn't report credit card payments, so as long as the amount is recorded correctly, your books will reflect accurately.

 

If you have any other questions, I'm only a post away. Have a wonderful Tuesday!

Highlighted
Level 2

Print name on check as

Thank you very much, your answer answered more than one question and some that I wasn't even thinking about. Thank you!!!

Highlighted
QuickBooks Team

Print name on check as

Thanks for your response, @mleguizamon.

 

I'm happy to hear that your questions got answered and cleared things up for you.

 

Just know that the Community is always here for your QuickBooks needs. Best wishes!

Highlighted
Level 2

Print name on check as

Hi Ashly,

 

I have one more question about recording the budget in QuickBooks. We have yearly budget but when I tried to record it in QuickBooks it splits it by 12 month. Our budget is not handled that way. Expenses are charged monthly to the original budget and the remaining amount is carried forward for the remaining of the year. Is there a way to tell QuickBooks not to split the budget by month?

 

Thank you,

 

Marisol Leguizamon 

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Level 2

Print name on check as

Hi Ashly,

 

I have one more question regarding recording the budget in QuickBooks. I was trying to record the budget in QuickBooks but QuickBooks splits it by month and our budget is yearly. Expenses are charged monthly to the budget and the remaining amount is carried forward for the remaining of the year. Is there a way to tell QuickBooks not to split the budget by month?

 

 

Thank you,

 

Marisol Leguizamon

 

 

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QuickBooks Team

Print name on check as

Hi there, @armstrongone.

 

Thank you for your feedback on this matter. I can provide a few simple steps to get you a budget report by month in QuickBooks Desktop.

 

  1. Open QuickBooks.
  2. Locate the Report tab on the top.
  3. Select Budgets and Forecasts.
  4. Hit Budget Overview.
  5. Pick the account you need the budget.
  6. Click Next.
  7. Select Account by Month then Next.
  8. Select Finish.
  9. Check the report to be sure that it is correct.

 

 

If you have any further questions or concerns, I'm just a post away.

Highlighted
Level 2

Print name on check as

Ok. This will be generating a report for the budget. I need it when recording the budget for the very first time. It split by month as if I had a monthly budget. We have a budget for the year and whatever is not spent in the previous month is carried forward to the current month. So how do I record the budget for the year? How do I tell QuickBooks not to split my budget by month?

 

Thank you,

 

 

Marisol 

Highlighted
QuickBooks Team

Print name on check as

Thanks for adding more details about your concern, mleguizamon.


You’re correct. When generating a budget, the data displayed is split by month. The option to tell QuickBooks not to breakdown the information shown on the report is unavailable at this time.


As a workaround, you can open any budget report and then export it to Excel. From there, manually add the amount to get the whole year’s data.


For future reference, let me share a link that provides an overview of how to enter a forecast and budget in QuickBooks Desktop.


Stay in touch if you have any clarifications or additional questions. I’m here to answer them for you. Have a good one.

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