Thank you so much for this video but I do have a question. When I reconcile and select my opening balance amount as part of the reconciliation my difference goes up and when I unmark it my difference goes back to zero. What am I doing wrong?
Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Thanks so much for the simple explanation for this! I was going crazy trying to figure out why my bill payments weren't showing up when I was doing my Credit Card reconciliation. I've been trying to find out what was causing the issue for a while now. I'm so glad I found your video!
Hi Veronica, This is so awesome to hear! I'm so glad our video helped you 🤗 If you're looking for additional support with your QuickBooks, you can also check out our Confidence with QuickBooks program: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
Aw, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Hi, Thanks for reaching out. I'm so happy that you enjoyed our tutorial video 🤗 If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi Bree, Thank you for watching our video. If you're interested in more in-depth training on how to import Credit Card transactions to your bank feed, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Thanks for this video! I was entering the finance charge in the reconcile window, and now have changed it to entering a credit card bill. Do I need to create a vendor for every Restaurant that is on the credit card statement?
Only if you need to track them. Otherwise, you might want to put it under "Daily Sales" as a vendor. Have an amazing day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Hi Jayne, I'm so glad you like our video! If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi Candus, Oh my, you are terrific! You made staying home on a Saturday night to do my bookkeeping fun. :-) Couple questions: I am starting from zero with a new account starting Feb 2023. My CCC only sends me statements when I use the credit card and I didn't use it every month. Do I just skip those zero months and put in the new statement ending date? Or? And since I am starting from zero, so I put zero in for starting balance or skip "starting balance?" Thanks in advance, Paige
Hi, Thanks for reaching out. I love that you are finding bookkeeping fun! We have some videos on our blog that I think you’ll find helpful: canduskampfer.com/?s=opening+balance If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Candus, Great video! I was able to confirm that I've done everything right, however....the payments made by check are showing reconciled. Since the bank account has been reconciled, I can only assume those checks were reconciled there. Why would cleared checks show up on the credit card reconciliation? I'm at a loss and don't quite know what to do. Thank you for your videos and in advance for any help.
Hi Shelli, Thank you for watching our video. If you're interested in more in-depth training on how to see if the checks show up on the credit card reconciliation, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Just subscribed! This was very good information as I searched for how to reconcile Home Depot credit cards. My question is how do I reconcile when there is no previous balance on the statement? It’s not a new card but for some reason HD does not list “precious balance”😅
Hi, Thanks for reaching out. It may not say "previous balance" but what you're looking for is how much you owe from your previous balance. If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi Candus, great video. I have a question: in this video did you create 2 Capital One credit cards, one being "Capital 1 2345" and then another one that is "Capital 12345" if so why did you do this? ty very much.
Hi, It looks like the Vendor is just slightly named differently from the chart of accounts which is just an accident while creating the example. 🙂 If you'd like to learn more about our program, you learn more here: ConfidencewithQuickBooks.com Have a great day, Sam, Team Candus
Hi Thanks for reaching out. I'm so glad you found our video helpful 🤗 If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi Joy, Thanks for reaching out. We don't currently have a video on this topic, but we will put this on our list of videos to make 🤗 If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi Courtney, I'm so happy you found this helpful! If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam - Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
Hi Candus - great video! I just go a Home Depot credit card. I have had them in QBD as a vendor for a long time and used a company debit card for purchase from them previously and entered them as "checks" and have continued entering them under this same vendor as "credit card charge" types when using the new CC for purchases. Do you recommend that I create another vendor called Home Depot Credit Card to track credit card payments from the bank account separate from purchases on the credit card?
Hi John, Yes, you would want to create another vendor called, "Home Depot Credit Card" so you can track you Credit Card payments. If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
can you download a full year directly from the bank? FYI the account I work with has about 100 plus transactions and i don't want to enter them manually (do they need to be catergorized when entered?
Hi Phyllis, Thank you for watching our video. If you're interested in more in-depth training on how to download a full year from the bank, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our QuickBooks Workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hello, my employer was entering his credit card transactions just as a check with all the line expenses in it, since he paid the whole balance (I am sure this is the wrong way), but now he started making partial payments. Do I just create a new credit card, like you explain starting with the month that now has a balance?. and will this affect any of the reports? Thank you your video was really helpful
Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! Sam ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer
I've been using QB for years. I don't use credit card function (tried failed so enter in bills). When setting up credit card in chart of accounts everything is good. Enter charges to card all good. Paying card not so good. QB says go to write checks and in pay to the order of drop down my credit card name should be but is not there, right. Do I have to set the same card name up as a vender too???
Hi, Thank you for watching our video. If you're interested in more in-depth training on paying your Credit Cards, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi, Thanks for reaching out. I'm so glad you enjoyed our tutorial video! If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
We have not reconciled the credit card account for years, can we start now? Do I need to add each and every item or can I simply seperate them out as Auto/Gas and Project related?
Hi, Thank you for watching our video. If you're interested in more in-depth training on how to reconcile your credit card account, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Very Informative. I am used to using Sage so this is a new world for me. How do I pay a vendor bill that I have used a PO for inventory? Normally we would go to Vendor and receive items and bill. Then when we go to pay it, we do it with a check. However, in this situation you give them the credit card #, they charge your card, send you your product and then send you the receipt and bill. Do you still enter their invoice and then choose pay with credit card under the pay bills section?
Hi Diane, Thank you for watching our videos! Yes, you'd use a bill payment and select the credit card you want to use to pay. It will be on the bottom of the screen 😊 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have a great day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
My company has been using Enter Bills for their credit cards. This past month they made an overpayment. If I enter the current cc statement as a bill I cannot apply all the charges as the amount will not equal. How do I get all the entries entered. You mentioned in this video something about Accounts Payable. I plan to start using the correct protocol for cc's but I have to get this figured out first. Can you share the video you mentioned? I use QB Enterprise.
Hi! Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have a great day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Hi Perla, Thank you for watching the video 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Elaine ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
I have a question. I’ve reconciled my credit card since 2022 via bank feeds. I recently noticed I have duplicate entries. Some entries show cleared in the credit card register but haven’t cleared my payables. Some we entered as a bill and some taken from the banks feeds. Any guidance as to correct my issues and show the proper balance in my payable and credit card accounts? The main issue is with payments but some purchases.
Hi Jaxon, My first tip would be Candus never teaches to use the enter bills feature unless you pay off your cards each month. You're going to definitely want to get your duplicates clean up so you don't pay in you taxes. If you'd like to learn how to properly enter your credit card charges and clean up prior years mistakes you can check out our Confidence with QuickBooks program here: ConfidencewithQuickBooks.com. Have a great day, Sam, Team Candus
Help me please! My bank account & QB acct are linked together. I made payments to my business cc. On the bank registry, do I have a cc pay off transaction & a transfer transaction?
In my company we have one business card account and have about 30 card holders. What is the best and easiest way to record the monthly statement in Quickbooks Desktop to be able to have all GL's coded & each person for reporting reasons?
Hi Adrienne, Thank you for watching our video. If you're interested in more in-depth training on how to record your monthly statements, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Thank you so much for this helpful video! Do you have any tips for tracking and using travel points? My client earns thousands of travel points and uses them to pay for flights and hotels. Many happen in the same month but sometimes the charge and the points credit for the charge happen in different months making it hard to reconcile and track.
Thank you for watching our videos 😊 The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
Hi Kathleen, Thank you for watching our video. If you're interested in more in-depth training on what to do with your Credit Card when you're paying from a vendor, I recommend checking out our Confidence with QuickBooks program. You can learn more here: ConfidencewithQuickBooks.com Have a great day, Samantha, Team Candus
the credit card company seems to use the credits to the card on the prior billing amount so my card will not reconcile to the bank statement. how do I do this other than kill off my reconcile and put that credit from the next month into the prior?
How do you account for sales tax on credit card transactions? I am using QBO and have credit card and bank transactions connected and automated. If I split a receipt between two or more accounts (in addition to sales tax), how should I take that into account for a return? Do I need to split each transaction out for both money out and money in? Thanks!
Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have a great day! Ednalyn ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Hi Candus I have a question. When I enter a credit from a purchase it is not showing up to check off when reconciling. It is showing as a "set credit" how can I fix this to finish my reconciliation? TIA
Hi Cydnie, Thank you for reaching out. It sounds like you're using a bill credit instead of a credit card credit. If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
How do you record the following? If you pay booth rent based on your sales, but don't meet your sales quota one month, and have to write a check for the shortage, how do you record that transaction in quickbooks?
Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
I have a credit card question, I have a corporate card for my business and so does my wife, sometimes she buys personal things on the card and then pays the card from her bank. That bank is not in my Quickbooks and I am not adding it, So how do I reconcile the card ?
An option would be to assign those personal transactions to owner's draw account and then the deposit (from her bank) from an owner's contribution account so that you can reconcile your credit card. Have an amazing day! Kindra ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
My issue was when I enter my bank reconciliation and we use the credit card for all our vendors but with yhe credit card the invoice is not always posted on the same day as the payment as you pay a month later and then I have a partial paid invoice on my card ? Will this help my issue if I do it this way ? Thank you for yhe video
Hi Lyne, Thank you for watching our video. If you're interested in more in-depth training on this topic, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi Laura, Thank you for watching our video. If you're interested in more in-depth training on how to enter transactions for bank statements, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Interesting way, I usually do my account reconciliation via Bank feeds I just feel like I save lots of time doing that. I have been in using quickbooks desktop for about 1.5 years now and there are still lots of functions that I haven't even explored yet. How do I reconcile a bill that was split charged? Example I a vendor billed me 100 dollars but On my back statement It shows I got charge 70 dollars on June 1 and remaining 30 on June 4th. Is there anyway that I can reconcile it without destroying my inventory? Thanks.
Hi, Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. The best possible way for you to receive support from Candus is to register for and attend her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer
What happens if you lose a cc and they replace it with a new number? Do I start a new account? Or do I put it under sub account? I have been doing it new but just had to ask
Hello Rita, You’d keep the same credit cards in the Chart of Accounts and add/edit the last 4 in the title of the account. You can add a note in the description in the COA to have more details.
I have a question I did not begin from scratch and if I enter my payment to the reconciliation it's at 0 but yhen my payment is pending. If I add the payment then I have a discrepancy of the payment amount ? Please advise ?
Hi Lyne, Thank you for watching our video. If you're interested in more in-depth training on this topic, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
Hi Miriam, Thanks for reaching out. I'm so glad you enjoyed our video! If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus
I pay off the credit card at my work every month. I reconciled the account however, the automatic payment taken out of the bank was less than the statement because it applied a credit after the closing date. What do I do now?
Oh my gosh, thank you so much! We love hearing this. 🙏🏻 If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips Have an amazing day! ~ Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer TikTok: www.tiktok.com/@canduskampfer Pinterest: pinterest.com/canduskampfer/
Thank you so much for this video but I do have a question. When I reconcile and select my opening balance amount as part of the reconciliation my difference goes up and when I unmark it my difference goes back to zero. What am I doing wrong?
Good lesson I learned how to post credit card, reword credit!!!
Oh my gosh, thank you so much! We love hearing this. 🙏🏻
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have an amazing day!
Ednalyn ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
Thanks so much for the simple explanation for this! I was going crazy trying to figure out why my bill payments weren't showing up when I was doing my Credit Card reconciliation. I've been trying to find out what was causing the issue for a while now. I'm so glad I found your video!
Hi Veronica,
This is so awesome to hear! I'm so glad our video helped you 🤗
If you're looking for additional support with your QuickBooks, you can also check out our Confidence with QuickBooks program: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Thank you so much for explaining this so eloquently and yet so simply. I will definitely seek your videos out for future issues.
Oh my gosh, thank you so much! We love hearing this. 🙏🏻
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have an amazing day!
Sam ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
Thank you for explaining this so simply! You will be my go to for future lessons and videos.
Oh my gosh, thank you so much! We love hearing this. 🙏🏻
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have an amazing day!
Sam ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
You explain everything in a very simple way.
Aw, thank you so much! We love hearing this. 🙏🏻
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have an amazing day!
Sam ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
Thank you SO much for clearly explaining credit card transactions! I just subscribed!
Oh my gosh, thank you so much! We love hearing this. 🙏🏻
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have an amazing day!
Sam ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
How do you see prior month's reconciliation? By the way you explain everything very well.
Thank you miss Candus Kampfer , wonderfull video lots of knowledge given to us for credit card entry in quick book love u
Hi,
Thanks for reaching out.
I'm so happy that you enjoyed our tutorial video 🤗
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend
checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here:
CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Have you made a video on importing credit card transaction to bank feed? Would love to see a tutorial on that. Thank you for sharing your knowledge!
Hi Bree,
Thank you for watching our video.
If you're interested in more in-depth training on how to import Credit Card transactions to your bank feed, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Thanks for this video! I was entering the finance charge in the reconcile window, and now have changed it to entering a credit card bill. Do I need to create a vendor for every Restaurant that is on the credit card statement?
Only if you need to track them. Otherwise, you might want to put it under "Daily Sales" as a vendor.
Have an amazing day!
Kindra ~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
Instagram: instagram.com/candus.kampfer
Facebook: facebook.com/CandusKampfer
TikTok: www.tiktok.com/@canduskampfer
Pinterest: pinterest.com/canduskampfer/
I just go to the training where to see prior monht's reconciliation. I will check it out Thank you
Hi,
I'm glad you got it figured out 🤗
Have a great day,
Samantha
Team Candus
This video is SO good! Wow.
Hi Jayne,
I'm so glad you like our video!
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Hi Candus, Oh my, you are terrific! You made staying home on a Saturday night to do my bookkeeping fun. :-)
Couple questions: I am starting from zero with a new account starting Feb 2023. My CCC only sends me statements when I use the credit card and I didn't use it every month. Do I just skip those zero months and put in the new statement ending date? Or? And since I am starting from zero, so I put zero in for starting balance or skip "starting balance?" Thanks in advance, Paige
Hi,
Thanks for reaching out.
I love that you are finding bookkeeping fun!
We have some videos on our blog that I think you’ll find helpful: canduskampfer.com/?s=opening+balance
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Candus, Great video! I was able to confirm that I've done everything right, however....the payments made by check are showing reconciled. Since the bank account has been reconciled, I can only assume those checks were reconciled there. Why would cleared checks show up on the credit card reconciliation? I'm at a loss and don't quite know what to do. Thank you for your videos and in advance for any help.
Hi Shelli,
Thank you for watching our video.
If you're interested in more in-depth training on how to see if the checks show up on the credit card reconciliation, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Just subscribed! This was very good information as I searched for how to reconcile Home Depot credit cards. My question is how do I reconcile when there is no previous balance on the statement? It’s not a new card but for some reason HD does not list “precious balance”😅
Hi,
Thanks for reaching out.
It may not say "previous balance" but what you're looking for is how much you owe from your previous balance.
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here:
CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Hi Candus, great video. I have a question: in this video did you create 2 Capital One credit cards, one being "Capital 1 2345" and then another one that is "Capital 12345" if so why did you do this? ty very much.
Hi, It looks like the Vendor is just slightly named differently from the chart of accounts which is just an accident while creating the example. 🙂
If you'd like to learn more about our program, you learn more here: ConfidencewithQuickBooks.com
Have a great day,
Sam, Team Candus
So very helpful, thank you!
Hi
Thanks for reaching out.
I'm so glad you found our video helpful 🤗
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend
checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here:
CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Do you have a video that shows how to apply specific receipts scanned into the QBO app into credit card transactions?
Hi Joy,
Thanks for reaching out.
We don't currently have a video on this topic, but we will put this on our list of videos to make 🤗
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here:
CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
This was so helpful!
Hi Courtney,
I'm so happy you found this helpful!
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have an amazing day!
Sam - Team Candus
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Hi Candus - great video! I just go a Home Depot credit card. I have had them in QBD as a vendor for a long time and used a company debit card for purchase from them previously and entered them as "checks" and have continued entering them under this same vendor as "credit card charge" types when using the new CC for purchases. Do you recommend that I create another vendor called Home Depot Credit Card to track credit card payments from the bank account separate from purchases on the credit card?
Hi John,
Yes, you would want to create another vendor called, "Home Depot Credit Card" so you can track you Credit Card payments.
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here:
CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
@@CandusKampfer thank you very much. I will check out your programs.
can you download a full year directly from the bank? FYI the account I work with has about 100 plus transactions and i don't want to enter them manually (do they need to be catergorized when entered?
Hi Phyllis,
Thank you for watching our video.
If you're interested in more in-depth training on how to download a full year from the bank, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our QuickBooks Workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Hello, my employer was entering his credit card transactions just as a check with all the line expenses in it, since he paid the whole balance (I am sure this is the wrong way), but now he started making partial payments. Do I just create a new credit card, like you explain starting with the month that now has a balance?. and will this affect any of the reports?
Thank you your video was really helpful
love your video I learned more things
Oh my gosh, thank you so much! We love hearing this. 🙏🏻
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have an amazing day!
Sam ~ Team Candus
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If my payment is larger than what is owed because I pay present payment not statement payment - how do you reconcile ? Thanks
I've been using QB for years. I don't use credit card function (tried failed so enter in bills). When setting up credit card in chart of accounts everything is good. Enter charges to card all good. Paying card not so good. QB says go to write checks and in pay to the order of drop down my credit card name should be but is not there, right. Do I have to set the same card name up as a vender too???
Hi,
Thank you for watching our video.
If you're interested in more in-depth training on paying your Credit Cards, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Thanks again. Great info.
Hi,
Thanks for reaching out.
I'm so glad you enjoyed our tutorial video!
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend
checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here:
CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
are both past due fees and interest charged for being late entered under finance charge on the reconciliation page?
We have not reconciled the credit card account for years, can we start now? Do I need to add each and every item or can I simply seperate them out as Auto/Gas and Project related?
Hi,
Thank you for watching our video.
If you're interested in more in-depth training on how to reconcile your credit card account, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Very Informative. I am used to using Sage so this is a new world for me. How do I pay a vendor bill that I have used a PO for inventory? Normally we would go to Vendor and receive items and bill. Then when we go to pay it, we do it with a check. However, in this situation you give them the credit card #, they charge your card, send you your product and then send you the receipt and bill. Do you still enter their invoice and then choose pay with credit card under the pay bills section?
Hi Diane,
Thank you for watching our videos!
Yes, you'd use a bill payment and select the credit card you want to use to pay. It will be on the bottom of the screen 😊
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have a great day!
Ednalyn ~ Team Candus
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My company has been using Enter Bills for their credit cards. This past month they made an overpayment. If I enter the current cc statement as a bill I cannot apply all the charges as the amount will not equal. How do I get all the entries entered. You mentioned in this video something about Accounts Payable. I plan to start using the correct protocol for cc's but I have to get this figured out first. Can you share the video you mentioned? I use QB Enterprise.
Hi! Thank you for watching our videos 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have a great day!
Ednalyn ~ Team Candus
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Thank you for the video! Do I include my credit card payments on my profit and loss statement? or do I only include my expenses ?
Hi Perla,
Thank you for watching the video 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month.
The best possible way for you to receive support from Candus is to register for and attend her workshop.
Here is the link to register to attend: canduskampfer.com/workshop
Have a great day!
Elaine ~ Team Candus
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@@CandusKampfer Thank you so much ☺️
I have a question. I’ve reconciled my credit card since 2022 via bank feeds. I recently noticed I have duplicate entries. Some entries show cleared in the credit card register but haven’t cleared my payables. Some we entered as a bill and some taken from the banks feeds. Any guidance as to correct my issues and show the proper balance in my payable and credit card accounts? The main issue is with payments but some purchases.
Hi Jaxon, My first tip would be Candus never teaches to use the enter bills feature unless you pay off your cards each month. You're going to definitely want to get your duplicates clean up so you don't pay in you taxes.
If you'd like to learn how to properly enter your credit card charges and clean up prior years mistakes you can check out our Confidence with QuickBooks program here: ConfidencewithQuickBooks.com.
Have a great day,
Sam, Team Candus
Help me please! My bank account & QB acct are linked together. I made payments to my business cc. On the bank registry, do I have a cc pay off transaction & a transfer transaction?
In my company we have one business card account and have about 30 card holders. What is the best and easiest way to record the monthly statement in Quickbooks Desktop to be able to have all GL's coded & each person for reporting reasons?
Hi Adrienne,
Thank you for watching our video.
If you're interested in more in-depth training on how to record your monthly statements, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
How do you enter cc payment if it was paid by a different company (in Quckbooks Desktop)
Thank you so much for this helpful video! Do you have any tips for tracking and using travel points? My client earns thousands of travel points and uses them to pay for flights and hotels. Many happen in the same month but sometimes the charge and the points credit for the charge happen in different months making it hard to reconcile and track.
Thank you for watching our videos 😊
The best possible way for you to receive support from Candus is to register for and attend her workshop.
Here is the link to register to attend: canduskampfer.com/workshop
Have a great day!
Ednalyn ~ Team Candus
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I would use a credit card rewards account to track both sides to wash them out.
Hi, so if I’m paying with cc my purchase from vendor, that’s their payment, do I also enter as a cc charge?
Or maybe a better question, do I enter a bill from vendor or just the charge I made to purchase?
Hi Kathleen,
Thank you for watching our video.
If you're interested in more in-depth training on what to do with your Credit Card when you're paying from a vendor, I recommend checking out our Confidence with QuickBooks program. You can learn more here: ConfidencewithQuickBooks.com
Have a great day,
Samantha, Team Candus
the credit card company seems to use the credits to the card on the prior billing amount so my card will not reconcile to the bank statement.
how do I do this other than kill off my reconcile and put that credit from the next month into the prior?
How do you account for sales tax on credit card transactions? I am using QBO and have credit card and bank transactions connected and automated. If I split a receipt between two or more accounts (in addition to sales tax), how should I take that into account for a return? Do I need to split each transaction out for both money out and money in? Thanks!
Thank you for watching our videos 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month. If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have a great day!
Ednalyn ~ Team Candus
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Hi Candus I have a question. When I enter a credit from a purchase it is not showing up to check off when reconciling. It is showing as a "set credit" how can I fix this to finish my reconciliation? TIA
Hi Cydnie,
Thank you for reaching out.
It sounds like you're using a bill credit instead of a credit card credit.
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here:
CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
How do you record the following? If you pay booth rent based on your sales, but don't meet your sales quota one month, and have to write a check for the shortage, how do you record that transaction in quickbooks?
Thank you for watching our videos 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month.
The best possible way for you to receive support from Candus is to register for and attend her workshop.
Here is the link to register to attend: canduskampfer.com/workshop
Have a great day!
Kindra ~ Team Candus
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I have a credit card question, I have a corporate card for my business and so does my wife, sometimes she buys personal things on the card and then pays the card from her bank. That bank is not in my Quickbooks and I am not adding it, So how do I reconcile the card ?
An option would be to assign those personal transactions to owner's draw account and then the deposit (from her bank) from an owner's contribution account so that you can reconcile your credit card.
Have an amazing day!
Kindra ~ Team Candus
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My issue was when I enter my bank reconciliation and we use the credit card for all our vendors but with yhe credit card the invoice is not always posted on the same day as the payment as you pay a month later and then I have a partial paid invoice on my card ? Will this help my issue if I do it this way ? Thank you for yhe video
Hi Lyne,
Thank you for watching our video.
If you're interested in more in-depth training on this topic, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
I am having issues understanding how to enter transactions for bank statements. I am always seeing doble entries. Please help me to understand.
Hi Laura,
Thank you for watching our video.
If you're interested in more in-depth training on how to enter transactions for bank statements, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Interesting way, I usually do my account reconciliation via Bank feeds I just feel like I save lots of time doing that. I have been in using quickbooks desktop for about 1.5 years now and there are still lots of functions that I haven't even explored yet. How do I reconcile a bill that was split charged? Example I a vendor billed me 100 dollars but On my back statement It shows I got charge 70 dollars on June 1 and remaining 30 on June 4th. Is there anyway that I can reconcile it without destroying my inventory? Thanks.
Hi,
Thank you for watching our videos 😊
I will add your question to the list Candus uses to create new QuickBooks tips each month.
The best possible way for you to receive support from Candus is to register for and attend her workshop.
Here is the link to register to attend: canduskampfer.com/workshop
Have a great day!
~ Team Candus
P.S. We’d love to connect with you! Find us on ↓
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Facebook: facebook.com/CandusKampfer
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What happens if you lose a cc and they replace it with a new number? Do I start a new account? Or do I put it under sub account? I have been doing it new but just had to ask
Hello Rita,
You’d keep the same credit cards in the Chart of Accounts and add/edit the last 4 in the title of the account. You can add a note in the description in the COA to have more details.
I have a question I did not begin from scratch and if I enter my payment to the reconciliation it's at 0 but yhen my payment is pending. If I add the payment then I have a discrepancy of the payment amount ? Please advise ?
Hi Lyne,
Thank you for watching our video.
If you're interested in more in-depth training on this topic, I recommend checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here: CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
Thank you!
Hi Miriam,
Thanks for reaching out.
I'm so glad you enjoyed our video!
If you’d like to learn more about how to optimize QuickBooks for your business, I recommend
checking out our Confidence with QuickBooks program. To learn more you can attend our Customizing QuickBooks workshop. Save your seat here:
CandusKampfer.com/workshop
Have a great day,
Samantha, Team Candus
I pay off the credit card at my work every month. I reconciled the account however, the automatic payment taken out of the bank was less than the statement because it applied a credit after the closing date. What do I do now?
Hello Christina,
You’d make the payment for the exact amount that was paid.
Why are my charges showing up in both charges and payment screens?
You're an excellent instructor 👏 thank you! I shall subscribe to your channel and checkout your site 🎉😊
Oh my gosh, thank you so much! We love hearing this. 🙏🏻
If you haven't already joined our weekly QB Tips & Tricks, click here to join and we'll send you our tips straight to your inbox: canduskampfer.com/weeklytips
Have an amazing day!
~ Team Candus
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Keeessi 1:27 w
how would the vender transactions look eg exxon.? or Home depot. mine shows a negative charge.
Hi,
It sounds like you just need to do a Credit Card credit. 🙂
Have a great day,
Samantha
Team Candus