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Level 1

Categorizing Credit Card payments

Hi there!

When choosing Business, Personal or Split, which is best to use in my situation. 

Typically when I use my credit card, I later pay it down in lump sums usually around $200-$500. How to do choose the right category without separating every transaction? This is on my person credit card as my business card is in the mail headed to me. Just trying to catch up on a lot of things!


3 Comments 3
Kristine Mae
QuickBooks Team

Categorizing Credit Card payments

I'd like to help you with the credit card payments, CSMolly.


If your credit card account is connected to our system, you'll have to categorize the downloaded transactions to specific Schedule C categories


Then, if the checking or savings account used to pay the credit card is connected as well, use Transfer: Credit Card Payment as the category. This is to avoid duplicate expense transactions. 


Get back to this thread if you have additional questions. We're here to address them. 

Level 1

Categorizing Credit Card payments

How to keep up with credit cards payments and how to use google sheets?

Community Champion

Categorizing Credit Card payments

When paying a credit card, simply pick the credit card account.  (It should be on your chart of accounts, similar to your bank account.)


The detailed categories are selected as you enter each transaction, not as you pay the bill.


If you also use the credit card for personal use (not a good idea) then for those transactions, use an Equity account so they don't appear on your P&L.



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