How to track corporate credit card in QuickBooks Online

[@HolyCityDockingPilots]

I have been looking for QuickBooks instructional videos forever!!! I don’t know how I have never seen your page, but Thank You!!!! You definitely have a new subscriber!!!

[@CandusKampfer]

Hi Steven, Thank you so much! I'm glad you were able to find me. If you're looking for more in depth 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 TikTok: www.tiktok.com/@canduskampfer

[@mariamayorga631]

Thank You so much I have learned so much your videos are the best!!!!!!

[@CandusKampfer]

Hi Maria, Thanks for reaching out. I'm so glad you found this tutorial 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 QuickBooks Workshop. Save your seat here: CandusKampfer.com/workshop Have a great day, Samantha, Team Candus

[@EmilyJaquette]

Thank you -- this is exactly what I needed!!

[@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/

[@duffymoon1917]

Hey there. THANK YOU. New to quickbooks. I was blessed to have an on staff bookkeeper for the business I just sold. Buying a much smaller business and I'll be handling the bookkeeping. Your video was great...very helpful. Do you have one on entering startup costs as a note payable to the LLC members (my wife and I are the only members)? We had quite a few expenses we paid out of pocket, over and above the initial capital contribution. I'd like to do a note payable for all of those. If not, no biggie. But if you do...I've found your videos quite easy to follow. Have a blessed Tuesday!

[@CandusKampfer]

Hi Duffy Moon 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/

[@ignaciocostamagna2901]

Hello Candus, it’s a pleasure to find your channel. Is there a way to load expenses from bank transactions and assign them to each of the personal cards instead of doing it manually? Thank you!

[@CandusKampfer]

Hi, Thank you for watching our video. I'm so glad you're enjoying our tutorial videos! If you're interested in more in-depth training on how to load expenses from bank 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

[@amd4411]

You and your videos are SO helpful!! Thank you!!!! So I have an employee with their own CC under the my credit card account. When I synced the CC from the bank only the primary account transactions show up in the feed, and none of my employees. So should I create a sub account and then manually add the employee’s transactions? Is there a way to sync both?

[@CandusKampfer]

Hello! Yes, the best thing to do would be to categorize them to each employee in a subaccount. You can also contact your bank about why they aren't coming through - each bank is a little different. 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

[@meliijimenez3408]

Great video! I have a question, I created a credit card account and I recorded many expenses there because is the parent card and all the charges are in that statement, the problem now is we connected the main card as well in quickbooks but the expenses recorded don’t match with the credit card, how can I connect them? 😭

[@CandusKampfer]

Hi Melii, 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/

[@paulschultz4969]

Excellent training video. You do talk awfully fast and move around in QBO faster than I can follow at times. Thankfully, I can back up the video and rewatch what you were doing. The one thing I wish that KZbin would allow users to slow down the video like you can audiobooks so that you better understand technical information that you are being taught. Lastly, I don’t know if you’ve addressed this in a past video for QuickBooks online, but I’m having difficulty finding anybody else on the Internet that has talked about this, and this is the best way for a private school to track expenses by classroom. I am not quite sure the difference between Jobs and customers and categories and classes in QuickBooks online yet. The one thing I did not see what you did when you set up the corporate credit card in the chart of accounts, I’m assuming that you created it as a liability and not as an asset With the rest of the bank accounts. You didn’t explain that, but I want to make sure that is what we need to do.

[@CandusKampfer]

Hi Paula, Thank you for reaching out. I wanted to let you know that you can slow down the speed of the video by clicking on the wheel in the button right corner of the video, clicking "Playback Speed" and then selecting which speed you'd prefer that way you can fully understand everything Candus is teaching in this tutorial. If you’re looking for additional QuickBooks trainings, email us at [e-mail] and we’ll point you in the right direction 🤗 Thanks for being a part of our community, Have a great day, Samantha, Team Candus

[@porscheclubofamericapeachs9895]

Great video, I have a Corp credit card with three sub cards, all linked to QBO. In our QBO chart of accounts, the main CC has all the transactions of the sub accounts but not the actual CC payments. The CC payments are showing in another account shown as CC Roll Up. When I go to reconcile the Main CC account, it will not balance as the payments are not shown. From what I am hearing, only the sub accounts should be connected to the bank feed and not the Master?

[@CandusKampfer]

Hi! It sounds like that would be the best option in your case. You could also check with your bank on how they upload the feeds. Every bank can be a little different. ~Kindra/Team Candus

[@blohr220]

Thanks for your video. I love all of them! This is amazing. So since my CC company sends all of the corporate cards on one feed, I have used the classes designation to indicate employee spending by employee. It works, but is somewhat labor intensive. Is there a better way to do this?

[@CandusKampfer]

Hi blohr220, I’m so glad our videos help you! Based of it all coming off of one feed, I don’t know if there’s an easy/labor intensive way to get total expenses by employee. 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

[@JoesWife1000]

Thanks for this. I just took on a new client that is much larger than any I've worked on before - CC charges about $100,000 a month. Their CC doesn't hit the balance sheet at all. The prior bookkeeper - fired because of fraud - only booked the expense when the payment hit the bank - and booked all transactions for a G/L account in one transaction - not individual transactions. The CC Company was not even set up as a vendor. I don't know what to think of this. Also the payment is booked as a JE, not as an expense. Thanks for this clear explanation. I need to figure out how to explain to the client why what they are doing is wrong.

[@CandusKampfer]

Glad it helped you. Have an amazing 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 Pinterest: pinterest.com/canduskampfer/

[@dianacabrera4291]

Hi Candus, I just saw a few videos and instead of splitting up the payment, the full payment was made to the main cc. At the end, it seems everyone made a JE to roll the sub accounts into the parent card and it zeroed out. I was wondering why they didn’t just split the payment like you did which is what I would do as well? It makes more sense the way you did it. Just curious though do you foresee future problems with doing that JE people have done?

[@dianacabrera4291]

Do you have a video just like this with multiple cards, but categorizing all the entries that came in through the cc feed instead of entering transactions?

[@CandusKampfer]

Hi Diana, 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

[@CC-ip3ve]

So do i only add "payment" to the sub accounts? Or also the corporate account?

[@PeterVeit-k6x]

Hi, thanks for the video. I'm relatively new to QBO. I have a business credit card with two users set up as you have shown in your video (one main account with sub-accounts for each of the two users). I have two accounts linked to QBO (one for each user). My question is after payment is received by the credit card company and the credit card bank downloads transactions, the payment amount is showing up in the primary user's account. How do I divide it up to credit each of the users? How's the best/easiest way to reconcile? The secondary user's card is not used as much. I'm wondering if it is easier to just have one credit card linked (the primary card number/user) with QBO and I just have to manually match transactions with the secondary user's card. Thoughts?

[@CandusKampfer]

Hi Peter! 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/

[@MM-eh7ps]

Also, if I have fees or credit card rebates do I put them under the main account?

[@CandusKampfer]

Hi, 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

[@HolyCityDockingPilots]

Do you have a video with instructions for a Pre-Paid business card… The process is a little different since the expense of paying is before you make a transaction … Thanks for any help!!

[@CandusKampfer]

Hi Steven, If you’re looking for more specific training, I would recommend checking out our special workshop 🥳 You can click here to save your seat: 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 TikTok: www.tiktok.com/@canduskampfer

[@greenmanislife]

Thanks for your video. What's the Matching process when you create an expense? Normally in QBO I would record my credit card payment to the bank account, then match it from the bank account. But now I have: a credit card payment coming through one of the user (out of 3). the bank account payment to the credit card an expense that details the payments to the different credit cards.

[@CandusKampfer]

Hi Caroline, Thank you for watching our videos! Here is everything on this channel regarding credit cards: kzbin.infosearch?query=credit 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

[@PanelsUpSolar]

Unfortunately, this isn't working for us. It's downloading from our bank as one credit card payment, and I can't match it unless it's that exact amount. Do I need to make a bunch of individual payments to my main credit card? So frustrating!

[@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/

[@dianacabrera4291]

How do you know if your card downloads separately or all together. Trying to set up Amex feed for cards we’ve had for a long time with multiple cards. When I tried to do it, it only showed one card option. Does that mean all cards willl download as one card if I don’t see the option to choose the other 2 cards?

[@thaliamancera6336]

My payment were made out of the checking account linked to QBO so when the bank feed for the payment came through, I marked it as a "credit card payment", but now on the balance sheet I have a large negative balance that has all payments I've made. What did I do wrong? I've already reconciled the checking bank account where the payments were made from. How can I fix the negative liability account?

[@CandusKampfer]

Hi Thalia! It sounds like QB doesn't know where the money came from if you didn't do it as a transfer. Your checking account side knows a payment came out but are the payments connected to the credit card account? Something to check... ~Kindra/Team Candus

[@CC-ip3ve]

I'm in this same boat. So when qb shows a credit card payment, record it as a Transfer? Not, Credit Card Payment? My checking and CC from the same bank.