Quickbooks Online Credit Card Payment How to Record

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  • Опубликовано: 5 сен 2024
  • Quickbooks Online credit card payment how to record. There is a drastic difference between recording a credit card payment mid-month vs when you get your statement. This video, Quickbooks Online credit card payment how to record, shows you how to record the payment during the month, before you get your statement.
    Don't confuse this with recording the credit card payment in Quickbooks Online when you get your statement - the 2 methods differ pretty drastically and you want to make sure you record it correctly.
    Quickbooks Online credit card payment how to record walks you through the steps to do it the right way each time so you do not mess up your books!

Комментарии • 19

  • @QbuniversityOrg
    @QbuniversityOrg  9 месяцев назад +1

    www.QBUniversity.org/QBMasterclass - Discover the 4 simple steps to learn Quickbooks easily!

  • @deaneng8540
    @deaneng8540 18 дней назад +1

    Yes, we are paying a liability but what about the interest? That is an expense. So do you do a split transaction categorizing the interest portion as an interest expense?

    • @QbuniversityOrg
      @QbuniversityOrg  18 дней назад

      No. You record the interest when you reconcile the credit card in QB

  • @PattiCroad
    @PattiCroad 10 дней назад

    All my credit cards are on autopay from the checking account how do I make sure these are recorded properly. Would they be recorded under credit card payment to each individual account? Or would I just bring up the credit card account and record payment under the credit card account.

  • @JulieG-kh9hj
    @JulieG-kh9hj 7 месяцев назад +3

    What if you are working directly from your bank feeds where transactions are automatically imported in? Under the review transactions should these be recorded as "record as credit card payment" option or categorized to their liability? And should they be recorded under the credit card account or the bank account first? My QB accounts are not matching my bank statements and I believe it is in the way I am recording the payments.

    • @QbuniversityOrg
      @QbuniversityOrg  7 месяцев назад

      You can categorize it to the liability and recorded to the credit card account.

  • @KeishaBloise
    @KeishaBloise 6 месяцев назад +1

    Hi! Thanks for the video. And what should the credit (ie. thank you payment) from the credit card company be categorized as? It shows up as uncategorized income. Should this be delete or needs to be categorized as cash, or something else?

  • @user-sg8fc5bm6k
    @user-sg8fc5bm6k 5 месяцев назад +1

    How to record a business credit card payment that is showing in the bank feed that was paid from a personal checking account that is not linked in Quickbooks online.

    • @QbuniversityOrg
      @QbuniversityOrg  5 месяцев назад

      Watch this:
      ruclips.net/video/c49fa9jELT0/видео.htmlsi=YehkyZ0oa9KeBSj8

  • @AdamarieTruell
    @AdamarieTruell 3 месяца назад +1

    I reconciled last month and didn't make a payment so I put it to payables. I made a payment of 7000.00 from the A/P however now my next months rec is off the amount of that payment HELP what am I doing wrong. Why isnt the payment showing as a reconcilable item?

    • @QbuniversityOrg
      @QbuniversityOrg  3 месяца назад

      Did you put the payment to the correct account ? Meaning when you entered the AP for the bill to pay what account did you put it to?

  • @samuelcastro7323
    @samuelcastro7323 6 месяцев назад +1

    Why is the category named Mastercard? And what if i have multiple credit cards that are also Mastercards?

    • @QbuniversityOrg
      @QbuniversityOrg  6 месяцев назад

      It’s because that’s the account you are paying. It’s a liability. If you have multiple, they should all be set up separately as credit card accounts

  • @israelalvarado9720
    @israelalvarado9720 9 месяцев назад +1

    I have a question shouldmt the payee be the credit card company. ?

    • @QbuniversityOrg
      @QbuniversityOrg  9 месяцев назад

      Yep it should. I just did not have it set up as a vendor

  • @EvolveCollision
    @EvolveCollision 3 месяца назад +1

    Thanks for the video. To confirm, if I go to my credit card website and pay through their website with my bank account, I then follow the steps above, with say Chase as Payee, and Chase as the account ? And then that should be it ? And then when they receive the payment it will reflect on my balance where the credit card is linked ? Do i reconcile it after that ?