How To Link Chase Employee Credit Cards to QuickBooks Online and Bypass the Error Message

Рет қаралды 411

Gunnar Harris / Essentially Intentional

Күн бұрын

Пікірлер: 17

@aaronbloch7624 8 күн бұрын

This was exactly what I needed and it worked! Thank you!

@JessieHarvey-k8o 4 ай бұрын

This was extremely helpful! Thank you for breaking it down so clearly.

@essentiallyintentional 4 ай бұрын

Of course! Appreciate the feedback

@mattwilsonfinancial 3 ай бұрын

And it seems the further I go to try to fix it, the worse everything gets. And now QBO doesn't have ANY support unless you pay an extra fee.

@essentiallyintentional 2 ай бұрын

What I’ve heard as feedback is that even people who do get the Intuit support, they usually either are not aware of or not authorized to troubleshoot using this method. If desired, feel free to schedule a consultation session with me and I can help get this set up correctly for you using this link: calendly.com/essentially-intentional/training-with-gunnar-1-hour

@jennicaddy1560 3 ай бұрын

Thank you for your help. I followed your first video and now have two parents cards with the payments being sent to the old account in QB, if that makes sense. Which account should be getting the transfer when the checking account makes a payment?

@jennicaddy1560 3 ай бұрын

(One is the new parent account, the old one by itself)

@essentiallyintentional 3 ай бұрын

You’re welcome! To answer your question: First priority would be the CC account that shows the payment in it’s associated Bank Feed, or if none do, then any of the CC accounts will work. So, if the old parent account is still linked in the Bank Feed and showing payments, then record the payments to that account. If it (or none) of the CC account Bank Feeds show the payment(s), then record the payments from the checking side to any of the CC accounts (most straightforward in that case would probably just be the main Parent account). Here’s why: If the payments are showing up in the Bank Feed for one of the CC accounts, then recording the payment to that account will help more easily clear that Bank Feed as well as limit the possibility of creating a duplicate CC payment in QBO. However, if none of the CC accounts connected to the Bank Feed are showing the CC payment, then you can record it to any of the accounts and it won’t matter because you will be reconciling the main CC parent account, which includes all the transactions including the payments for all the associated subaccounts, so no matter which account you apply it to, the payment will show up to be reconciled. I also every month (this is optional) create a rebalancing entry to zero out all of the subaccounts on the Balance Sheet to move the funds all into the parent account to clean up the presentation, so if you are planning on doing that then that makes the account itself matter even less (again if they are not showing up on a Bank Feed). Hope this helps and thanks for watching!

@DavidParent3044 5 ай бұрын

Thank you ! I did this but am finding it a little confusing on the execution of bringing the old employees transactions in and matching them up. And then are you just kind of disregarding the employee balances on the chart of accounts ?

@essentiallyintentional 5 ай бұрын

If you are bringing in past transactions into the Feed that have been already entered into QBO, then you may have issues finding matches since they were most likely entered debited to a different Chart of Account credit card than the new one(s) entered with this method. If that is the case then you can change the payment account for those already entered transactions or don’t bother with the matching and exclude the past transactions from the bank feed. During reconciliation, if it all falls under the parent umbrella then you should be good. I didn’t mention the employee card balances in this video but I did mention it in my other “How to Link Multiple Employee Credit Cards” video. Essentially, it is “correct” on your Balance Sheet because the main parent account should reflect the actual balance, however it looks sloppy. So, I on a monthly basis create a journal entry and utilize debits and credits to essentially “force” the employee card balances to $0 on the balance sheet and the parent balance remains the same so that it helps cleans things up. Here’s a link to that video: kzbin.info/www/bejne/epLKopWOiN9-bZY I start talking about this topic at minute 12 of the video.