How to Record Credit Card Transactions in Quickbooks Online

[@QbuniversityOrg]

www.QBUniversity.org/Masterclass - discover the 4 simple steps to learn QBO!

[@user-yg4st9yb7q]

I have a bunch of CAD credit card expense transactions for USD purchases. Is there an easy way to account for the foreign exchange loss? Or do I have to set each one up as a bill in USD to get the exchange to acrue?

[@brendandaddino500]

What if you used a personal credit card for a business transaction? Would tracking be the same?

[@anthonygrassetti9350]

I can't figure out how to categorize a payment to the credit card made from my checking account, when the bank feed shows it automatically. I know how to categorize it from the checking account point of view, but not sure what to do with the transaction in the bank feed of the credit cart

[@QbuniversityOrg]

It should show as a payment from the checking account or basically a transfer from checking (or whatever account you used) to the CC account

[@jerricaowen3667]

Question - if I make a mistake entering them how can I edit? Thanks!

[@QbuniversityOrg]

Go to the Credit Card register and just edit them

[@yaisellopez4359]

I am new in the Quickbooks world. I have a question: can I write a payroll check without taxes?

[@QbuniversityOrg]

Not without social security and Medicare withholding but you can without income tax withholding

[@aprilmay1700]

Just write the check as an expense. Don't run it through payroll. Don't know why you'd want to do that, but yeah you can do it.

[@AthelstanEngland]

2:24 Having Payment account and Payment method seems to be redundant. If you have setup say MasterCard as a payment account (bank) then how could Payment method be anything else? I appreciate this an issue with QB not you but still any comment you have on that would be useful. It seems to me QB have cobbled something together here.

[@riverrat5822]

that is the QuickBooks way haha. it is such garbage, frustrating software but there isn't anything better.

[@AthelstanEngland]

@@riverrat5822 lol we've just changed over after running TAS Software for years and Pegasus before that. You had to really understand a bit of accounting for those i.e. difference between a balance sheet and P&L., accruals, retained earnings etc. but it certainly put me in good stead. They are pretty much redundant now so no software updates etc. QB seems very much aimed a the lay person and aimed more at the USA market it seems BUT it has some great features like the link to the bank & credit cards, drag & drop purchase invoices to create them, automatic VAT and payroll submission. And it's not expensive. I guess our first year end will tell!

[@aprilmay1700]

Intuit is no longer an accounting company -- they are a data mining organization. They couldn't care less that they have sloppy, lazy coding in the accounting software.