Record credit card payments Learn how to record your credit card payments in QuickBooks Online. QuickBooks Online allows you to record credit card payments in multiple ways so you can keep track of your expenses and maintain accurate financial reports. In this article, we'll show you how. Write a check If you received the payment through check, you can write a check to record a credit card payment. Under Vendors, select Checks.
In the Payee field, enter the name of the credit card Vendor's name. In the Bank Account field, select the bank account or credit card from which the payment will be made. In the Check no. Uncheck Print Later if the check was already issued. Enter the Outstanding Transaction details and a payment amount.
Select Save and Close. Record a credit card payment through a bank transfer. Under Other, select Transfer. In the Transfer Amount field, enter the amount of the payment. Optional Edit the date. Make a payment after reconciling your credit card Step 1: Select the credit card account. Enter any missing transactions from the statement and adjust any incorrect transactions, if there are any. Once the difference is zero, select Start reconciling. In the Reconcile screen, select the checkbox next to the transactions that match the transactions on your statement to mark it as cleared.
Select Finish now, then select Done. Step 2: Pay your credit card transactions Choose how you want to pay your bills: Pay all or a portion of the bill now: Pay in full or make a partial payment. Enter a bill to pay later: Moves the balance in the credit card account to Accounts Payable so you can pay it later.
If you don't want to record credit card balance payments or bills when reconciling. Businesses using Cash Basis, bill, and bill payments for credit cards may show as unapplied cash on the Profit and Loss report. Use banking download If the credit card and the bank account you use to pay the credit card expense are connected bank feeds , you can record the payment by transferring the record.
Transfer the payment Go to Banking, then select Banking. Select the account you need to transfer the payment from. Select the transaction, then select the Record transfer radio button. Select Record transfer. Match the transaction Once you're done with the transfer of the transaction, you need to match it with the new account.
Select the Recognized tab and locate the transaction. Under the Action column, select Match. Was this helpful?
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