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FMW
April 11, 2022
Solved

Credit Card Transactions

  • April 11, 2022
  • 1 reply
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I have 4 employees who each have a company credit card.

I have set up a Master Accout

with the 4 employees as sub accounts.

 

Each employee has a balance.  Total balance is 10,866.48.   I want to/need to zero out their account and then close their accounts.

Note that these are 3 months worth of transactions.    Need to start at zero and clear that total balance that is due $10,866.48.

 

How to do this? 

Thanks,

QBDT Premier

 

 

 

 

 

Best answer by BigRedConsulting

When you pay the credit card bill, use the credit card sub-accounts in the detail area of the check and pay up to the sub-account balances.

 

Or, if you will be paying over time and want to get rid of the balances now, make an entry in each sub-account's register to zero out the balance, and use the parent account as the other account (instead of the usual expense account.)

1 reply

BigRedConsulting
BigRedConsultingAnswer
April 11, 2022

When you pay the credit card bill, use the credit card sub-accounts in the detail area of the check and pay up to the sub-account balances.

 

Or, if you will be paying over time and want to get rid of the balances now, make an entry in each sub-account's register to zero out the balance, and use the parent account as the other account (instead of the usual expense account.)

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