Change vendor payment from Inventory Asset to Accounts Payable

I'll make sure that you can match those payments, markusallen2020.

We'll have to recategorize that transaction so that we'll be able to match it to your bill. We can go to your transaction list then modify the credit card payment. I'll guide you how: 

1. Select Banking from the sidebar menu.
2. Choose Bank Feeds, then go to the Bank Feeds Center.
3. Select the appropriate bank account.
4. Click the Transaction List button.
5. Locate the credit card payment, then select Add more details from the ACTION drop-down.
6. Select the Accounts Payable from the Account column.
7. Click Add to QuickBooks then, select OK.

I've added an article that will help you in matching your downloaded bank transactions.

If you're about to reconcile your account, I encourage visiting this link to be guided in doing it: Learn the reconcile workflow in QuickBooks.

We're open here 24/7 and always ready to help, so please don't hesitate to visit us again if you have other questions in mind. Stay safe and healthy.

You are going about this wrong and the advice given does not help fix the issue.

Credit card charges ARE NOT ACCOUNTS PAYABLE. Credit card charges are EXPENSES when charged.  Credit card charges create a micro-loan with the credit card company. Even in Cash accounting, when you buy something with plastic you "bought" it that day.  There is no A/P with credit card type transactions and a credit card open statement balance will NEVER show up in Vendor A/P Aging.

Go back and edit each cc charge to be its actual expense. And to be the actual vendor purchased from. Being repetitious, but...... It is not A/P. Downloading statements is not all it is cracked up to be. That is why there is the Enter Credit Card Charges action in Banking menu. And why cc accounts must be set up as cc type accounts

I may be doing this wrong. Let me clarify. I purchase product items from a vendor at wholesale that I resell at retail. I pay by credit card for the product. My former bookkeeper had been simply entering the charges from the vendor as "Inventory Asset" for the credit card. I enter the bill when I receive the items and would then like to associate the bill payment to the credit card charge. I'm expecting that by changing the credit card charge to "Accounts Payable" from "Inventory Asset" it will now show as a Credit to be applied when I go to pay the invoice in "Pay Bills" and click the "Set Credits" button.

Is that the wrong way to do this?

Also, I realized that I can't change the account in the credit card register, but I can change it in the "enter credit card charges" screen where it lets me specify the Customer:Job. There I can specify the vendor name and change the account to Accounts Payable.

This is not actually the issue I'm having. The credit card charges have already been downloaded into the credit card register as "Inventory Asset." I'm past the point of adding them to QB. They have been added incorrectly as "Inventory Asset" and I needed to change them to Accounts Payable.

I realized by right-clicking and selecting the edit credit card charge option, it gives me access to the Customer:Job field not present in the register where I can specify the appropriate vendor. 

Hi,
 I’m not sure if I’m correct but I think you can go to the Credit Card register and edited each transaction. If not then before you import your statement to QB you have to change the accounts there.

Not sure if anyone can help me with this. My issue is actually the opposite. I created PO for ordering some inventory, then later I pay the bill in bill payment. I want to change the expense account to inventory asset but it defaults to accounts payable. Don’t know how to fix it can someone help?

thanks,