How to Record Credit Card Transactions in Quickbooks Online

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The Quickbooks University

Күн бұрын

Пікірлер: 30

@QbuniversityOrg Жыл бұрын

www.QBUniversity.org/Masterclass - your path to learning starts HERE!

@israelalvarado9720 Жыл бұрын

This is what i was looking for.

@QbuniversityOrg Жыл бұрын

Awesome!

@moemaya9499 Ай бұрын

thank you for the video. my confusion is what do we do with the credit card bill when it actually comes in? how is that bulk bill recorded and categorized?

@QbuniversityOrg Ай бұрын

You make sure all the credit card charges are entered in QB, then reconcile the credit card (like a bank account) then enter the bill (it’ll ask you after reconciling if you want to enter a bill for payment)

@7thpixiegaming623 2 ай бұрын

Is there a way to delegate credit transactions only without sharing the other accounts?

@g5162 9 ай бұрын

What is the purpose of the payment method drop down box? Is there any difference between payment method and payment account ?

@QbuniversityOrg 9 ай бұрын

Payment method could be if you are writing a check, paying cash or paying with a credit card. Payment account is which account you are using

@IsraelAlvarado-q1h 3 ай бұрын

I have a question, i saw that there was a "received" record and yet you categorized it under "office expense", if it shows that it was "received" does that mean that it received payment for the $89.99 or are you saying that it was a refund and the funds go back to the original account that it was used?.

@PrivateCaller-h8l 4 ай бұрын

Let's say if as soon as I receive a bill $1000 (or invoice) from Vendor A, I enter the bill for that vendor as Cost of Goods Sold, then mark paid with Credit Card 1. When I receive the statement from CC 1, what should I use in the Category column, i.e. COGS or just Credit Card 1? Even though the cc has been paid in full, the P&L still shows that there is a balance of $1000 and it throws off the net profit. Please help

@troys-j9x 7 ай бұрын

how does it work if at one store i can have multiple departments to put the expense under. eg gas station i could be buying gas or i could be buying a drink two diffrent departments two diffrent recipts but 1 store

@QbuniversityOrg 7 ай бұрын

You’d have to use classes and code them to the appropriate class as you enter them

@SouthBeachLadyYacht 5 ай бұрын

How do I change a credit to an expense in quickbooks on line

@QbuniversityOrg 5 ай бұрын

A credit on the credit card or a credit memo you have to someone?

@sibajishome 10 ай бұрын

Thank You

@QbuniversityOrg 10 ай бұрын

You’re welcome!

@donnarodriguez6712 8 ай бұрын

How do I use a Sales Receipt and swipe a credit card using the Card Reader? Intuit keeps saying we can but we can't figure it out.

@QbuniversityOrg 8 ай бұрын

Do you select payment method credit card, and do you have payment processing through Quickbooks?

@donnarodriguez6712 8 ай бұрын

@@QbuniversityOrg yes to both, the only option is to type in the credit card info but this is very expensive as far as the processing fees…

@jackiesmalleyes 6 ай бұрын

I am trying to import my credit card transactions via cvs file now, and I am stuck on credits and debits. My bank shows the transactions reversed (charges to the card are "Debits" while payments into the credit card are "Credits"). This doesn't make sense to me. I see in your example that the Amazon transaction was a debit, while the other are credits. So, would this transaction be an Amazon refund? That would make sense to me, but mean my bank is bonkers.

@QbuniversityOrg 6 ай бұрын

Banks definition of debits and credits are opposite of accountings definition

@everydayhomeimprovements9345 8 ай бұрын

If my credit card is linked to my QuickBooks and my checking account is linked to QuickBooks and I pay my credit card each month with the linked checking account how do I categorize that transaction?

@QbuniversityOrg 8 ай бұрын

You classify it against the credit card

@everydayhomeimprovements9345 8 ай бұрын

@@QbuniversityOrg can you do a video on that and tag me