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laura-blacktiemo
Level 1

How to change an expense to a credit card payment?

Need to reverse an expense and make it a credit card payment?
1 Comment 1
Jessica_young
Moderator

How to change an expense to a credit card payment?

I can share a simple way of categorizing the payment to the credit card bill, @laura-blacktiemo. Here's how:

  1. Go to the Banking menu, then proceed to the Banking tab.
  2. Select the credit card account and look for the payment. 
  3. Click the Pay down credit card radio button.
  4. Go to the drop-down list for Transfer account ▼ and select the account you want to send the transaction to.
  5. Select Confirm.

If you're not seeing that option, you can also transfer the payment with the Record as transfer option. Here's how:

  1. Go back to the Banking menu, then proceed to the Banking tab.
  2. Select the checking account where the transfer payment is coming from.
  3. Look for the transaction, then select the Record as transfer radio button.
  4. Click the drop-down list for Transfer account ▼, then select the credit account where the payment will be sent to.
  5. Select Confirm.

Once done, you can match these trasnactions: 

  1. Select the Recognized tab and locate the transaction.
  2. Under the Action column, select Match.

I have a few helpful articles to share:

 

I'm here for any other questions you have on this! Let me know in the comments below. Take care!

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