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Level 2

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

 
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Best answer 12-06-2019

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Level 10

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

@elenorf12 @GraceC 

 

No, it doesn't replace Vendors Bill entry or Expense entry or Other/Transfer entry. This New Create "Pay down credit card" ( Create "+" New" Other > Pay down credit card) will simplify recording payments made to your credit balance entry for you, bit less confusion for users. You choose either one of those menus, the transaction journal will record your transaction the same way —it will debit to credit card account and credit to bank account. 

 

Hope this helps!

 

Pay down credit card screen

 

 

 

 

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QuickBooks Team

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

Hi elenorf12,

 

As mentioned by @vpcontroller, this doesn't replace Vendor Bill or Expense entry in QuickBooks Online (QBO).

 

You can either use the Vendor Bill entry or the Pay down credit card feature to pay for your credit card.

 

I would also recommend reaching out to your accountant to guide you on how to do the recording and check if it showing the correct report in QBO.

 

 I have also included this link in case you have other questions about paying expenses: Pay Expenses And Bills.

 

Reach out to us if you need anything else. I'll make sure to help.

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Highlighted
QuickBooks Team

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

Hello there, @elenorf12.

 

I can share some information about processing credit/debit card payments QuickBooks Online.

 

If you're referring to QuickBooks GoPayments, this feature allows you to accept customer payments on the go. Your clients can now make online payments using payment methods like credit cards, debit cards, and bank transfers.

 

You can check out this website to know more about our updated merchant charges: https://quickbooks.intuit.com/payments/

 

Please let me know if you have other concerns. I'll be right here.

 

Highlighted
Level 2

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

Hello @GraceC, no there is a "New" option called "Pay down a credit card". Go to (+) icon>under other is "Pay down a credit card". Please see attached screenshot.

 

I would like to know how does the NEW feature work? Does it replace the bill entry or expense screen when paying a credit card payment?

 

Thank you,

Elenor

Highlighted
Level 10

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

@elenorf12 @GraceC 

 

No, it doesn't replace Vendors Bill entry or Expense entry or Other/Transfer entry. This New Create "Pay down credit card" ( Create "+" New" Other > Pay down credit card) will simplify recording payments made to your credit balance entry for you, bit less confusion for users. You choose either one of those menus, the transaction journal will record your transaction the same way —it will debit to credit card account and credit to bank account. 

 

Hope this helps!

 

Pay down credit card screen

 

 

 

 

View solution in original post

Highlighted
Level 2

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

Would this be a double entry now? Because if I'm entering it in the bill/pay bill as a entry that seems to be 2 entries. I guess I'm a little confused which way should I be using?

 

Cc: @GraceC 

Highlighted
QuickBooks Team

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

Hi elenorf12,

 

As mentioned by @vpcontroller, this doesn't replace Vendor Bill or Expense entry in QuickBooks Online (QBO).

 

You can either use the Vendor Bill entry or the Pay down credit card feature to pay for your credit card.

 

I would also recommend reaching out to your accountant to guide you on how to do the recording and check if it showing the correct report in QBO.

 

 I have also included this link in case you have other questions about paying expenses: Pay Expenses And Bills.

 

Reach out to us if you need anything else. I'll make sure to help.

View solution in original post

Highlighted
Level 2

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

This answers my question.... "You can either use the Vendor Bill entry or the Pay down credit card feature to pay for your credit card." 

 

Thank you both @vpcontroller 

Highlighted
Level 1

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

How does this feature affect the payment when it comes in through the bank feed?

Highlighted
QuickBooks Team

How does the NEW feature "Pay down a credit card" work? Does it replace the bill entry or expense screen when paying a credit card payment?

Hello, @a11yoop2.

 

I'd be glad to lend a hand with determining if the new feature affects payments coming through the bank feed.

 

No, it won't affect the payment coming in the bank feed. You'll match the recorded payment and the bank feed payment together.

 

To match payments together here's how:

  1. Select the transaction to expand the view.
  2. Review the Deposit to field on the forms.
  3. When you're done, go to Match.

For more information about matching bank transactions, refer back to this article: Match and categorize bank transactions in QuickBooks Online

 

If you have any more questions or concerns, please don't hesitate to reach back out. Have a good rest of your day!

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