Thanks for getting back to the thread, @GeorgeK1981.
I'd be glad to share further insights about recording your debit card transaction in QuickBooks Online.
You can use a cheque or expense to record a transaction if the services or items are paid on the spot.
On the other hand, if your transactions are to be paid later, then you can enter them as bills and pay them using the Bill payment feature. Please note that bill payments can only be use to mark your open bills as paid. If you record your transaction using the Expense feature, they will be considered as paid.
Here are things you need to know if you need to record this as a bill:
- Record a bill for any services or items received that you will pay for later - whether or not there is an actual bill received from the supplier.
- Enter bills from suppliers to accurately report your Accounts Payable, especially if you run your reports on an accrual basis.
- If tracking Supplier balances, entering bills is essential for knowing how much you owe your suppliers.
If you need further help in recording your debit card transactions, I'd suggest getting in touch with your accountant. They can provide you with the right guidance in making sure your books are accurate.
For additional reference, you can check out this article: How to handle bills to be paid later and bills to be paid immediately using bills, cheques, or expen....
If you have further queries about recording your debit card transactions or other expenses, just add them to the thread. I'd be glad to help you out. Have a good one.
