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hello-edensecho-
Level 1

Why do my purchases using my credit cards show up as a positive (in green) ?" How do I categorize those expenses?

 
4 Comments 4
JonpriL
Moderator

Why do my purchases using my credit cards show up as a positive (in green) ?" How do I categorize those expenses?

Hello @hello-edensecho-,

 

Let me help share information about how you can categorize your credit card transactions in QuickBooks Self-Employed.

 

To start with, credit card expenses will show up in green and positive transactions since they're lances for your credit card payables. Don't worry, when you categorize them as you normally do, these transactions will show up as expenses in your Profit and Loss report.

 

With that being said, here's an article you can read to learn more about how you can review your transactions: Learn how to create and use rules to quickly categorize recent and past transactions.

 

Additionally, you can also browse for the content of this helpful article so you can easily handle duplicate transactions once you reviewed them: Learn what to do if you see duplicate transactions from your connected bank and credit card accounts.

 

If there's anything else that I can help you with, please let me know in the comments. I'll be here to lend a hand. Stay safe!

hello-edensecho-
Level 1

Why do my purchases using my credit cards show up as a positive (in green) ?" How do I categorize those expenses?

My credit card is connected to my quickbooks, so all of the purchases I've made with it are already categorized...but when I pay my credit card, the payment shows up as another expense (in the exact amount of the sum of all my monthly purchases that month on the CC). Should I exclude expense, since it is the sum of the expenses I've already categorized? 

hello-edensecho-
Level 1

Why do my purchases using my credit cards show up as a positive (in green) ?" How do I categorize those expenses?

My credit card is connected to my quickbooks, so all of the purchases I've made with it are already categorized...but when I pay my credit card, the payment shows up as another expense (in the exact amount of the sum of all my monthly purchases that month on the CC). Should I exclude expense, since it is the sum of the expenses I've already categorized? 

ShiellaGraceA
QuickBooks Team

Why do my purchases using my credit cards show up as a positive (in green) ?" How do I categorize those expenses?

Thanks for getting back to us, @hello-edensecho-.

 

I have information about your credit card transaction. Since credit card transactions are expense transactions, they'll show as expense when you pay them.

 

In your case, yes, you'll want to exclude them to avoid duplicate record. Here's how to do it:

 

  1. Go to the Transactions menu.
  2. Look for the transaction you want to exclude and select it to expand the view.
  3. Tick the Exclude this transaction checkbox.
  4. Click Save.

Check out this guide for details: Exclude or delete transactions in QuickBooks Self-Employed.

 

In case you need help with other QBSE tasks, click this link to go our general topics with articles.

 

Feel welcome to come back to this thread anytime hello-edensecho-, I'll be around to help. Take care and have a nice day ahead.

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