How to enter Credit Card Charges, Reconcile and apply Partial Payments in QuickBooks

[@rosemassengale8307]

I've been making credit card payments in QuickBooks by transferring funds from bank account to credit card. I use the bank statement to see what was paid and when.

[@deanelouisegreene585]

Thank you for going into this detail. I had used Quicken for personal accounts 30 years ago and I've just started using QuickBooks for my business a couple years ago. Your videos are great because you focus on one aspect of one topic at a time so there is no overload. I love how you show examples of what you are doing and how. Thank you for explaining all this to the layman.

[@CandusKampfer]

Yay! Glad it helped you Deane! Elaine Team Candus

[@louietoltolvlog9699]

@@CandusKampfer Thank you so much for great video. This is just to enter a credit charge in order to pay later for expense but .. 1. What if company buys a new computer with credit charge, do I have to record it as an asset? 2. What if company buys an inventory with credit card such as buying clothes to sell, it needs to record an inventor too. Do I choose an item to record new clothes??? So if #1, do I need to add a new computer in chart account for fixed asset and input a purchase amount $1000 let’s say. Then go credit card to enter a charge for $1,000 expense at Best Buy? If #2, do I need to select items since it’s inventory buying with card?

[@fayemaroon3773]

Thank you so much! I have never reconciled my credit cards and realized what a mistake it was. I am trying to begin with your tutorials. Thank you!

[@emmylousanpedro8529]

Oh my gosh, thank you for this. It was all clear and glad that you have started from entering the charges. I've been searching for days on how to do reconciliation w/o any existing transactions but all I have watch is not the same as yours. Thank you very much for this. ❤️

[@CandusKampfer]

Hi Emmylou, 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! 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/

[@bryanyoutubechannel]

Thank you!!!! You turned a mystery and fear into resolution and fearless understanding. You're not just a teacher, you're a brain leader, lol. Again, thank you!

[@CandusKampfer]

Wow! I’m so happy to hear how much the training helped 🙂 If you need help with QuickBooks, you may join her QuickBooks workshop, here is the link to save your seat: *CandusKampfer.com/workshop* Thank you for being part of Candus' community! Elaine - Team Candus P.S. If you would like to follow her, click the links below ↓ *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer

[@gabrielayauri1314]

Gosh! Finally I get a great video, perfect explanation and not talking and talking! Thank You!!!!

[@CandusKampfer]

Glad you liked it Gabriela! If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/ Elaine - Team Candus

[@cheryltripp-cleveland3606]

I have been working with QB since last May. I am so confused. Trying to get taxes figured out . For the first time I found a video I could actually understand. I had no idea until now that I could put the credit card on QB. I just did my first reconcile after putting in my transactions and it was so easy. THANK YOU THANK YOU THANK YOU. Still a bit befuddled!! but get a grasp so next year will be better. Cheryl

[@CandusKampfer]

Awesome Glad the video helped you Cheryl 🙂 Have an amazing 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

[@scottiebull1489]

I have been on phone with Qb trying to figure out how to pay my credit card because it was classified as a credit card and not a vendor you answered the question in two minutes and I have spent hours on the phone with QuickBooks trying to explain this to me. Thank you so so much.

[@CandusKampfer]

Yay! Glad it helped you Scottie. Elaine - Team Candus

[@andremccaskill8864]

I must say I use Quick Books Online but your class is so detailed that it provides me enough knowledge to relate the information to my format. Thanks

[@texaspaintingandgutters3567]

Thank you! I've been worried about this and you explained everything so clearly. Thanks again!

[@CandusKampfer]

Yay! Glad it helped you 😊 If you need help with QuickBooks you may join her free workshop. Here is the link to save your seat: *CandusKampfer.com/workshop* Have an amazing day! Elaine - Team Candus P.S. If you would like to follow her, click the links below ↓ *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer

[@nelidaj.salazargarcia4743]

Thank you so much. Your videos are very helpful.

[@CandusKampfer]

Yay! Glad the videos helped you, Nelida 😊 Have an amazing day! Elaine -Team Candus P.S. If you would like to follow her, click the links below ↓ *Instagram:* instagram.com/candus.kampfer *Facebook:* facebook.com/CandusKampfer/

[@Kinz1615]

Candus, I wanted to thank you for your information on this credit card "stuff"! It's been a real problem, and apparently I've been doing it incorrectly for years, although nothing to go to jail about...I hope. But I watched your video, rewinding, checking things again, entering and re-entering info, and I think...hope it's all correct now. Thank you for completely explaining things!

[@gurmann780]

hi thanx for this video I m starting new bookkeeper job .I m rectly done my study so I m new in bookkeeping job and this video is vry helpful for me

[@HareshRCPatel]

Very clearly and easy to understand thepresentation

[@CandusKampfer]

Awesome! Glad it worked for you 🙂 If you need help with QuickBooks you may join her free workshop. Here is the link to save your seat: *CandusKampfer.com/workshop* Have an amazing day! Elaine- Team Candus P.S. If you would like to follow her, click the links below ↓ *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer

[@marypelton6752]

Thanks so much! Really well done. I have a MUCH better understanding. Really hit it on the head with explaining the timing of when certain activities can/should be done such as entering charges, reconciling and making payments. So many videos are focusing on the mechanics of what to do (great), but still need the business application and understanding. My next endeavor is finding a quickbooks quick-reference dictionary of all the transaction TYPES found in the AP, AR, etc registers-- i.e BILLPMT vs BILL vs CC CREDIT, etc. Understanding those TYPES is key to troubleshooting errors, but they're not that intuitive and not that obvious to me when certain TYPES shouldn't show up in certain registers and indicate an error. Thanks again.

[@TheLordIsMyStrengthSallyMoreno]

Thank you, very helpful 😃😃

[@CandusKampfer]

Yay! Glad it helped you 🙂 Have an amazing day! Elaine - Team Candus P.S. If you would like to follow her, click the links below ↓ *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer

[@lynzeestatzer3862]

Thank you for this! I just started doing the QB for my dad's company a month ago and even though I mostly have the basics down I wasn't quite sure if what I was thinking to zero out the CC balance was correct, because he pays the bill in full every month so we never have a balance. Usually I enter all CC charges separately in the CC charges and then pay the bill with the one check( he pays everything by handwritten check, I just have to record the data in QB) so the bill shows as paid, but I wasn't sure how to reflect that in the actual credit balance, after watching this I realized reconciling to zero was what I needed to do to show the correct balance so he doesn't have a freak out moment seeing his balance lol.

[@CandusKampfer]

Hi Lynzee, We love hearing this. 🙏🏻 I'm so glad it was 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! 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

[@elisacuatzo7952]

I liked your way of teaching, very clear. Thank you

[@CandusKampfer]

Yay! That’s so awesome to hear Elisa 😊 If you would like to follow her, click the links below ↓ *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer Have an amazing day! Elaine - Team Candus

[@JulioRodriguez-by2sp]

Hi, you are a great teacher! Please if you let me know how to undo a payment made on a credit card by mistake, I just started to reconcile my CC thank U!!!! please help me out

[@CandusKampfer]

Hi Julio, You can void the credit card payment made by mistake. If you would like to learn more about QuickBooks, we will be hosting special workshops in January. You can add your contact information here: canduskampfer.com/training Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer

[@Joanc1111]

Hi Candus. When my company gets an invoice I enter it into enter bills. We usually pay our bills by check once a week. There are occasions where my boss will change his mind and pay a few vendors using our credit card. This is after the bill is already entered in QuickBooks.Should I delete the bill and then enter it into credit card charges or is there a way I can change the bill into a credit card charge.

[@steveannettekitts6730]

Thank you for this video. After entering charges how do you reconcile business charges and personal charges?

[@CandusKampfer]

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/

[@astridk550]

Thank you so much Candus! Love to watch your videos. You explain everything so simple...

[@CandusKampfer]

Hi Astrid, Glad it helped you. 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.co

[@kirk8985]

Thank you!

[@CandusKampfer]

You're welcome Kirk! Glad it helped you 🙂 If you would like to follow her, click the links below. *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer Have an amazing day! Elaine - Team Candus

[@louietoltolvlog9699]

Thank you so much for great video. This is just to enter a credit charge in order to pay later for expense but .. What if company buys a new computer with credit charge, do I have to record it as an asset? What if company buys an inventory with credit card such as buying clothes to sell, it needs to record an inventor too. Do I choose an item to record new clothes???

[@CandusKampfer]

Thank you for watching our videos 😊 Hi! I will add your questions 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! 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

[@chelesjourney5068]

I am new to QB and I absolutely love love love your videos and information .... YOU ROCK!!!!!!!!!!

[@CandusKampfer]

Aww thank you Michele.

[@AlexM-mt5iw]

Agreed, Great Vids. My Question is , For our Spa, I have been using my personal credit cards to pay my vendors. Then I pay my credit cards with my business checking. How do I set up my credit cards in quick books if I am going to continue to pay my vendors this way? Or do I follow the exact directions in this video? Thanks :)

[@CandusKampfer]

Alex, Thank you for reaching out to us! Due to the large volume of comments and emails, we receive daily, Candus isn’t able to respond to all of them any longer. We will add your question to our future tip requests. Please join the weekly tips and tricks to be notified when your question is answered. canduskampfer.com/tips Have an amazing day! Elaine Team Candus

[@enhancehappylifellc5677]

You're Awesome. Nice video. You just score 100% on explaining QuickBooks manual data entry. This video helps me a lot.

[@CandusKampfer]

Awesome, thank you! Glad it was helpful Have an amazing day, Ednalyn ~ Team Candus P.S. We’d love to connect with you find us at ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer

[@charmagnescott1575]

This is exactly what my question was - how to enter cc charges in QB even though I don't pay off the full balance! One more question though - is it necessary for me to begin in January (it's Aug 2022 right now)? I have been paying the full credit card balance up until June due to cash flow issues. Can I just add the credit card and begin in June? (I never added the credit card into the Chart of Accounts - I've just been writing a check in QB and adding the charges to the proper expense account line by line for that check, since I was paying the balance in full)

[@CandusKampfer]

Hi Charmagne, That's up to you when you start. Just know they won't show on your reports until you put them in but if you've already expensed your items another way and have them in for tax purposes then you can start now. ~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

[@jaynehudson9121]

wonderfully presented

[@CandusKampfer]

Yay! Glad the video helped you, Jayne. Have an amazing day 😊 Elaine - Team Candus P.S. If you would like to follow her, click the links below ↓ *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer

[@MsDebra911]

Thank you for your kindness in making this video. You are a wonderful teacher!

[@CandusKampfer]

Yay! Glad it helped you Debbie! Elaine Team Candus

[@adamjohn6966]

@Darkteckh on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance🧠

[@rose-s.nifty.needle]

can you download credit card statement, entering all the charges at once?

[@CandusKampfer]

yes, you can either sync your bank feed or import the transactions.

[@Brigette227]

I learned so much. Ty. I have 2 ??... I deleted transactions from COA mainly bc I didn't understand. Now, when I RE-import from the downloaded qbo file, QB says there's nothing to import. How do I fix this without entering all year manually? Also, our techs get gas from almost every gas station in the state, and I don't want all as vendors, but need for it to import...can this be done? Right now, when imported, in register, the vendor section is blank. Sincerely, Frustrated.

[@CandusKampfer]

Hello, Thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. Regarding the gas station questions, you can always add "Fuel" as a vendor and use it for every gas station transaction entered. 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

[@dorisho1955]

thank you so much. With zero knowledge about accounting, i am glad to learn from you Candus. You are amazing!!

[@CandusKampfer]

Happy to hear that Ho Doris! If you would like to follow her, click the links below ↓ *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer Thank you for being part of Candus' community 🙂 Elaine - Team Candus

[@glennvillanea1429]

I also teach QB in a JR college you are a fantastic teacher

[@CandusKampfer]

Yay! Glad it helped you Glenn. If you like the way she teaches you can join her Getting Started with QuickBooks workshop, here is the link to save your seat: canduskampfer.com/getting-started/ Elaine - Team Candus

[@CandusKampfer]

Thanks for the kind words Glenn!

[@kysotice]

Oh my goodness, you are good. If I can understand you, then anyone can. I can enter CC charges and reconcile easy enough but I couldn't figure out how to write a check to pay off the CC bill....you rule. I owe you lunch, dinner.....

[@hninleikhine3882]

Thank you and love your teaching video , every single word is clear to hear , so sweet sound.

[@CandusKampfer]

I'm so glad you enjoyed the video 😊 Have an amazing day! Elaine - Team Candus P.S. If you would like to follow her, click the links below ↓ *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer

[@jameskirakosian2453]

Thank you. What will be the begging balance and ending balance since my statement shows previous balance and new balance only.

[@CandusKampfer]

Hi James, The beginning balance would be the previous balance on the statement and the ending balance would be the new balance on the statement. Have a wonderful 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

[@saltybreezer]

This was very helpful! Thank you!

[@CandusKampfer]

You're so welcome! Glad it helped you 🙂 Elaine - Team Candus

[@adamjohn6966]

@Darkteckh on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance🧠

[@mannyfilmsinc]

this is a great video, thanks

[@CandusKampfer]

Hi Manny, Thank you for watching our videos 😁 Have a great day! 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! McKenzie Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer

[@judithkostic6024]

Just watch this and want to thank you for the details. Question--I had a credit that I received from my CC by using my points. Entered them in as a credit and then reconcile which tied, however, now the balance in the chart accounts are off by those credits. I look into the transactions by Account and notice that the amounts are going in as both a negative and positive number. Thanks in advance

[@CandusKampfer]

Hi Judith, You need to make sure you set up a credit card rewards "other income" account. If you're looking for more QuickBooks training, I recommend attending our workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer

[@louietoltolvlog9699]

@@CandusKampfer What’s eft?

[@cdraves]

Was very helpful in teaching me on what to do with our credit card payments. Thank you...

[@vinodbhole180]

Very good, informative & pratical video, Thank you

[@CandusKampfer]

Glad it was helpful Vinod. If you would like to follow her, click the links below. *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer Have an amazing day! Elaine - Team Candus

[@jeepmommy2010]

excellent video!

[@CandusKampfer]

Glad it helped you. 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

[@stevemoisoff3966]

i use qb for rental property and seperate classes for each property. so on a credit card charge the class would be the name of the house. when i pay the credit card payment what class do i use?

[@CandusKampfer]

Hi Steve, 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 emails and want to receive them, click here to join: canduskampfer.com/weeklytips/ and we'll send you our tips straight to your inbox. If you're looking for more QuickBooks training, I recommend attending her workshop. Here is the link to register to attend: canduskampfer.com/workshop Have a great day! McKenzie Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer

[@windrushalpacas4080]

Great video. Credit card mysteries solved. Thank you for sharing your knowledge.

[@CandusKampfer]

Yay! Glad it worked for you 😊 If you would like to follow her, click the links below. *Facebook:* facebook.com/CandusKampfer/ *Instagram:* instagram.com/candus.kampfer Have an amazing day! Elaine - Team Candus

[@gingerhawthorne2528]

After watching this video and entering credit card charges for a previous month, I noticed that the previous Office Manager has not reconciled the credit card account with multiple users for a year and a half. She was utilizing the Bank Feed option in QB and then merely "matching" it up to the credit card statement. I believe that we should reconcile, too to ensure that nothing was missed. With that being said, can I just start with the beginning of 2022 until current? And if so, how would I get that beginning balance corrected? Thanks in advance.

[@CandusKampfer]

Hi Ginger, These videos might help you. kzbin.info/www/bejne/rnapan2Ei7B3atk and/or kzbin.info/www/bejne/i3_Ck6d3o6meqMk. 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

[@lriley1955]

Thank you so much for the clarity you give in teaching. It has been so easy to follow what you are saying.

[@elenagubina9550]

Hi, thanks for your video. How to record this statement balance - half of the balance paid with business debit card, half of the balance paid with personal card that is not even in QBooks? I am confused how to record payment made with a personal card. Please advise. Thanks!

[@CandusKampfer]

Hi Elena, 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

[@MegaRepairs]

THAAAAAAAAAAAAAAAAANK you !!!!!!!!!!!!!!!!!!!!!!!!! best teacher

[@alongcamea3339]

Thanks so much for your help! You're a great teacher!!!

[@adamjohn6966]

@Darkteckh on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance🧠

[@danametallo9388]

The person in my position before me only put in credit card charges and payments for the past 10+ years. I know the balance is zero but it shows being over $175,000. I don't have statements that date back that far. If I know the balance is zero how can I fix that and reconcile moving forward? The account was only reconciled a few times in 2006.

[@kellyparks9364]

Thank you ! This answered all my questions!

[@adamjohn6966]

@Darkteckh on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance🧠

[@beckywages483]

You are an awesome teacher! Thank you for your time!!! 😊👍🏻

[@niritjasse7060]

Also what is the effect of entering CC charges when you have a cash basis business vs Accrual basis?

[@charlesrosenbloom4140]

what type of 1 on 1 training do you offer for quickbooks and credit cards? this video did teach me a lot of what I need to do in the future, but i need some help fixing a specific credit card problem.

[@CandusKampfer]

Thank you for watching the video! Due to the large volume of questions and emails we receive daily, Candus isn’t able to respond to all of them any longer. If you are just starting out with QuickBooks or feeling overwhelmed and need help, register to join her next workshop here: canduskampfer.com/getting-started/ Have an amazing day! Elaine Team Candus

[@kathyallison4843]

Do you manage cash advances the same way as the credit card charges or use the transfer feature?

[@CandusKampfer]

Either way will work.

[@nelsyrojas6510]

Hello... Will you please let me know if I can enter all the credit card transactions from the complete last year without doing the monthly reconciliation of the credit card? Thanks,

[@CandusKampfer]

Hi Nelsy, Yes, you can enter them. However, we always recommend reconciling. It's the only way to know you have everything in correctly. 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

[@ikekof8069]

Hi candus, I’m an accounting officer with only experience in excel but has no experience using Quickbook. Most job I applied demand experience in qb. I wish to ask if there is an opportunity for one on one tutorials. Thank you.

[@galster64]

do you have any videos for iif import or importing data from excel?

[@CandusKampfer]

Hi Krista, Depending on what you're wanting to import, this video may help: kzbin.info/www/bejne/l5jXXqp6p5eirbM&feature=emb_logo 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

[@Currambero100]

Hi, Thank for the video, it helps a lot. My question for you is: Lets say I charge the credit card for $1,000 but next month I pay only $100. Why on my P&L shows all $1,000?? It should only show $100 that I expense. Thanks!!

[@CaseyPWalsh]

I have been using QB for yearsss and have always entered our CC statements as a bill with the vendor being the CC company and therefore it is tracked via AP with all the expenses being itemized on that one bill in QB. This video was eye opening to see that I should really be entering them all as individual CC charges and then reconciling against the payment. I understand the concept of doing it that way, but if I do, how do you manage when the payment is due? Make a note in my Outlook calendar so I remember to pay it :)

[@CandusKampfer]

Hi Casey, You can create a bill if you need it to show up on a report or know when it’s due. You just need to make sure the amount is the same as what you paid. If you're looking for more QuickBooks training, I'd recommend joining us on our next workshop. You can save your seat here: canduskampfer.com/workshop Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer

[@kristafiles5982]

This helped a lot! I have question regarding the print after reconciled. Can you go back and print for previous months reconciles?

[@pradipsawant4860]

It's a great video. You teach very well

[@CandusKampfer]

Awesome! Glad it worked for you! Elaine Team Candus

[@user-nr5vs7re2d]

If my credit card is linked to my qb desktop, do I still have to input EVERY charge or does it do it since my credit card is linked? THANK YOU

[@CandusKampfer]

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/

[@tanyan2822]

Instead of doing write checks for paying off the balance on the credit card, can you just do funds transfer from checking account into credit card? thank you

[@cynthiahoover9746]

Hello I can see my credit card transactions online and I ledger them weekly. My question is How do I ledger a payment in the middle of a statement cycle and before I reconcile the monthly credit card statement. For example the cycle is 1/06/22 to 2/5/22 and I have pymt showing on the online statement 1/11/22 for 2000.00 how do I ledger this pymt? I am thinking I write a check but I want to be sure as there will be more than one pymt made within a cycled statement

[@CandusKampfer]

Cynthia, Great question! You would enter it as an expense or a check and then pick the credit card account as the "account". It doesn't matter if you make 10 payments during the month. You apply the payment to the credit card each time. Does that make sense? Candus

[@jaynehart3120]

Candus, I really appreciate you sharing your intellect with us!! I had deleted a deposit that was reconciled 8 months previous and can't figure out how to reconcile---Please HELP!

[@CandusKampfer]

Hi Jayne, Thanks for your question, I've added it to our list. Once a month, Candus picks the top 10 questions and answers them Live on her FB page. If you haven't subscribed to Candus's Tips & Tricks yet, here is the link to join: canduskampfer.com/tips we'll send a reminder for her next Live top 10 answers. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/ Thank you for being part of Candus' community! Elaine - Team Candus P.S. If you need help with QuickBooks, join her Getting Started with QuickBooks workshop, here is the link to save your seat: canduskampfer.com/getting-started/

[@Jtine16]

Hello, I understand how to enter credit card statements and understand how to reconcile in general,However, i'm having a difficult time with how to record the fact that i overpaid the credit card online. Ican't figure out how to make sure my overpayment is entered correctly so that it carries over to the next month for the credit card payment.

[@zulmajimenez780]

Hi Candus, Thank you so much for all your videos. They have been very helpful. I do have a question about entering a partial credit card payment and reconciliation. I entered payment as you showed in the video but when I reconciled there is a discrepancy for the amount I paid first. Please if you could help me it would be greatly appreciated.

[@CandusKampfer]

Hi Zulma, I'll make sure your question is added to Candus' list of future Tips & Tricks ideas. If you'd like to make sure you get our weekly tips, you can join here: canduskampfer.com/weeklytips Have an amazing 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: www.pinterest.com/canduskampfer/

[@jennyransom6893]

What a helpful video, thank you. I have a further question - is there a way to enter the credit card due as a bill to be paid so that it shows up in the pay bills window with a date payment is due as a REMINDER to pay??

[@ronb8871]

Fantastic! So glad I found you and thank you for Mary for asking question. I watched your previous video and had same question.

[@MJCPeters]

Had a question, but then I saw you had another video and it was answered there. Thx

[@user-qp2ml2lo6m]

I have 2 credit cards linked to one account. I have them set up as a sub account of the main account. I reconcile monthly and balance, however my two cards show a balance on them that is incorrect and the central account that they are under shows the correct balance amount. How do I get them to not have a balance and the balance is just on the central account that the two cards are linked to??

[@kathymcmaster9993]

Awesome video. I have been writing a check where it says to, and you mention that will mess with accounts payable. How can I clear it up and do it the right way?

[@CandusKampfer]

Kathy, It only messes anything up if you've also created a "bill" in QuickBooks. Did you create a bill? Candus

[@donnamacphail2724]

You are awesome! I'm sure I will be viewing other videos you have and will contact you with any questions!

[@adamjohn6966]

@Darkteckh on telegram is a real vendor I can’t believe my eyes that man too real Go on his telegram He sell credit card with high balance🧠

[@laurieb2711]

Another question, one of the credit cards is for our tech guys. I have one that uses it for personal purchases. When I review the statement each month I invoice him for it, but how do I show it in the credit card entries?

[@fernandosmith9658]

Hi I love your videos but I do have a question for you because I'm having a difficult problem with quickbooks and I wanted to know once I add my credit card to pay my employees will my business name show up on my employee bank statement once I paid them

[@CandusKampfer]

Hi Fernando, Thanks for your question, I've added it to our list. Once a month, Candus picks the top 10 questions and answers them Live on her FB page. If you haven't subscribed to Candus's Tips & Tricks yet, here is the link to join: canduskampfer.com/tips we'll send a reminder for her next Live top 10 answers. If you would like to follow her on Facebook click here: facebook.com/CandusKampfer/ Thank you for being part of Candus' community! Elaine - Team Candus P.S. If you need help with QuickBooks, join her Getting Started with QuickBooks workshop, here is the link to save your seat: canduskampfer.com/getting-started/

[@louissaintjoseph810]

Thanks a whole lot!

[@CandusKampfer]

Awesome! Glad it worked for you! Elaine Team Candus

[@AngelaBuxton-ot1pf]

Hi Good Morning, I would like to know how to record a payment from the business credit card, but I am getting this money reimbursed on my monthly invoice. But this payment came into my bank account.

[@CandusKampfer]

Hi Angela, 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! Daniel ~ 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

[@floriavu703]

You are amazing! Thank you very much! I enjoy your videos and they are helpful. It helped me with a lot of the questions I have.

[@peacocksperformingarts1871]

You have been extremely helpful thank you for your tutorials. You say a couple of times in this videos to make payments after you reconcile. How do you reconcile if you do not have any payments to reconcile?

[@peacocksperformingarts1871]

Thank you. Part 2 of this, how do you show a refund that was put back onto your credit card? Do I run it through the "enter bill" and link the return or is there another option?

[@13sexymexy]

Thank you Candace! Your videos have been very helpful. I now work for a non profit company that has three underling companies. The main company receives money on behalf of the other two and I have to do journal entries to record these transfers of money in each company and it gets very confusing because I am not used to doing journal entries. I have always done bills and payments.. Is there any way you can explain to me how this should work correctly. Much appreciated.

[@sucillc2355]

Thanks very much for your videos is been very helpfull I have a question how you add your cc charges to your P&L

[@meghannbraden4190]

I need your help! I’m entering all of our 2017 credit card charges and payments into quickbooks. Our credit card payments for the year have already been made but not entered into quickbooks yet. From this video I’ve realized I’ve been doing it wrong by writing a check to the CC and entering each CC charge as and expense within that check- probably why I always run into issues. My last statement entered and reconciled was Dec of 2016. I want to start entering charges and payments this way- so when setting up the credit card charges will my beginning balance be the “new” balance on my Jan 2017 statement?

[@janerobinson7078]

Love the tutorials. Wondered if you can cover how to upload information from the credit card companies so that I don't have to enter all the transactions myself.

[@anahernandez7960]

Ah! Great video Candus, thank you soooo much.

[@CandusKampfer]

Yay! Glad it helped you Ana! Elaine Team Candus

[@nadeanthibideau7067]

I am hoping to start reconciling our bank on QuickBooks Pro, but the company I work for has never done this. Should I start this after year end, or is it okay to start doing this halfway through the year? Will it affect any other part of our recon?

[@urohsexpress6769]

How to I record my reprogram of fund between my accounts? For instance if I want to reprogram 15% of my fixed asset account to my consumable account?

[@tamaraberesneva7957]

You are well done! I've got correct information of Credit Card into QuickBooks. Could you show how to enter bill items, payable and adjusting like to get the car inventory for buisnes 'car diler'. Thanks

[@CandusKampfer]

Hi Tamara, thank you for watching our videos 😊 I will add your question to the list Candus uses to create new QuickBooks tips each month. In order for you to get your specific questions answered, 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

[@ingplumbinginc.8848]

Hello I have a question: Why does a payment and credit come out if you never made one?

[@CandusKampfer]

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/

[@syedajaz2615]

I want to know about construction accounting adusting entries and closing entries are same as merchandising or manufacture industry. I will thankful to you.

[@suelin1190]

can i not enter lot of vendor instead use a vendor call “ credit card purchase for random shops， also can i use bank transfer instead of write a cheque to pay credit 。 thank you

[@marktolliver1133]

Incredible video Candice does an excellent job!

[@CandusKampfer]

Yay! Glad it helped you Mark! Elaine Team Candus

[@lindahwang8777]

Thank you very much for your clear instruction, I have much better picture about entering credit card transaction now, can I enter debit card transaction the same way as credit card? please let me know. Thank you .

[@aspen2024]

Question. Last month instead of paying off the whole balance on the cc we paid only the minimum payment. How do I record that? And also this month we have a previous balance added to the new transactions. How do I reconcile this? All the new transactions I would reconcile the usual way but how do I record the previous balance from the statement before? Thank you in advance! I can't find anything online to help me out.

[@CandusKampfer]

Hi Aspen, Thank you for watching our video. If you're interested in more in-depth training on how to record and reconcile your transactions, 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

[@craiguhlig7291]

Hi Candus, My question is...how to you pay your cc with other bank acct in QB. My husband started a bus in April of 16, and we have had to use our other bank acct and cc to pay bills and buy material...how do you do that in QB (when reconciling a credit card?

[@Bhaktamital92]

Thank you!!!

[@CandusKampfer]

Hi Mital, I'm so glad this helped you! If you're looking for more QuickBooks training, I'd recommend joining us on our next workshop. You can save your seat here: canduskampfer.com/workshop Have a great day! Ireland Team Candus P.S. We’d love to connect with you! Find us on ↓ Instagram: instagram.com/candus.kampfer Facebook: facebook.com/CandusKampfer

[@rosemarypond5476]

Hi Candace, I am new to quickbooks, I have a salary employee(owner of business) paying into 401k monthly with checking account draft, how do I add the 401k payments to her social security gross taxable income in payroll so it will be captured for her tax liability?

[@isabelsantana4259]

Hello Candus. I recently started using QB and I enjoy your videos. I imported all my credit card transactions directly into bank feed. What account do I categorize to? It doesn't allow for the same credit card. I would assume the banking information since that is where the funds are generated from to make the payment? We are making a payment to the credit card using funds in our bank account. Please advise. Thank you.

[@CandusKampfer]

Hi Isabel, Thank you for reaching out. The "account" you choose is the one you want for your reports. If you want to learn how to customize your business, you can check out our Confidence with QuickBooks program here: ConfidencewithQuickBooks.com Have a great day, Samantha - Team Candus

[@anishthakrar7593]

Hi Great video. Could you elaborate if I am transferring a CC balance to another CC how that transaction would be entered. Thanks a lot.

[@CandusKampfer]

Thank you for watching the video! Due to the large volume of questions and emails we receive daily, Candus isn’t able to respond to all of them any longer. If you are just starting out with QuickBooks or feeling overwhelmed and need help, register to join her next workshop here: canduskampfer.com/getting-started/ Have an amazing day! Elaine Team Candus