cancel
Showing results for 
Search instead for 
Did you mean: 
jgolightlyj-powe
Level 1

Can I apply a credit card payment as an expense to a specific project?

I have hardware that I purchase from vendors and pay for with a credit card. The hardware that I purchase is included in my quotes to the customer. I would like to apply the credit card payment to the appropriate project as an expense.
Solved
Best answer March 01, 2022

Best Answers
RoseJillB
QuickBooks Team

Can I apply a credit card payment as an expense to a specific project?

Delighted to have you here in the Community, @jgolightlyj-powe. I’ll help you with your concern about expenses in QuickBooks Online (QBO).

 

Yes, you’re right. You can apply a credit card payment as an expense. You’ll only have to create an expense in QuickBooks Online and indicate the type of card you use under the payment method.

 

I can walk you through the step-by-step process of entering an expense in QuickBooks Online. Kindly refer to the steps below:

 

  1. Click on + New. Then select the Expense.
  2. Select the vendor under the Payee field.
  3. Select the account you used to pay under the Payment account, and enter the Payment date for the expense.
  4. Under the Payment method, select how you paid the expense.
  5. Enter the other following details for detailed tracking.
  6. Enter the expense information in the Category details section. Then, choose the expense account you use to track your expense transactions in the Category dropdown.
  7. Enter the Amount and Tax.
  8. Select Save and Close.

 

Learn how to manage expenses in QuickBooks Online by checking out this link.

 

Furthermore, you can utilize this article  about reconciling your account in QuickBooks Online.

 

Feel free to reply to the thread if you have further concerns with your transactions. I’m just one post away from assisting you. Have a great day!

View solution in original post

2 Comments 2
RoseJillB
QuickBooks Team

Can I apply a credit card payment as an expense to a specific project?

Delighted to have you here in the Community, @jgolightlyj-powe. I’ll help you with your concern about expenses in QuickBooks Online (QBO).

 

Yes, you’re right. You can apply a credit card payment as an expense. You’ll only have to create an expense in QuickBooks Online and indicate the type of card you use under the payment method.

 

I can walk you through the step-by-step process of entering an expense in QuickBooks Online. Kindly refer to the steps below:

 

  1. Click on + New. Then select the Expense.
  2. Select the vendor under the Payee field.
  3. Select the account you used to pay under the Payment account, and enter the Payment date for the expense.
  4. Under the Payment method, select how you paid the expense.
  5. Enter the other following details for detailed tracking.
  6. Enter the expense information in the Category details section. Then, choose the expense account you use to track your expense transactions in the Category dropdown.
  7. Enter the Amount and Tax.
  8. Select Save and Close.

 

Learn how to manage expenses in QuickBooks Online by checking out this link.

 

Furthermore, you can utilize this article  about reconciling your account in QuickBooks Online.

 

Feel free to reply to the thread if you have further concerns with your transactions. I’m just one post away from assisting you. Have a great day!

jgolightlyj-powe
Level 1

Can I apply a credit card payment as an expense to a specific project?

Thank you RoseJillB, that  did work

Sign in for expert help
Ask questions, post replies & join our community of QuickBooks users.

Need to get in touch?

Contact us