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Credit card account

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I pay some of my bills using a credit card.

- The way I have been handling it: Let's say I am paying Acme for an invoice where I bought various bolts with my credit card BOA. In the vendor file I have a bill from Acme. I would then create a credit to Acme to pay the bill and a charge to the vendor BOA. Then I could pay all the charges I made to BOA and send them a check. This seems messy.

- If I create a credit card account for BOA, then when I download the charges from BOA, they show as charges and I can't match them to the bill. The bills are created in QB POS, so I have to have some way to match them. I don't know what steps to use to pay BOA.

- I can't create a bank account BOA because as soon as I link it, QB says it is a credit card and can't be a bank account.

What is the best way to handle this?

QuickBooks Desktop

BigRedConsultingAnswer

The way to do this is to create the bills and then pay the bills using your credit card account instead of your bank account. This will then create a credit card charge-bill payment instead of a check-bill payment.

To pay bills using a credit card, pick Credit Card as the Method on the pay bills window and then pick your credit card account:

Make these payments before downloading your credit card transactions and then QuickBooks will match the downloaded transaction with your existing payments.

BigRedConsultingAnswer

The way to do this is to create the bills and then pay the bills using your credit card account instead of your bank account. This will then create a credit card charge-bill payment instead of a check-bill payment.

To pay bills using a credit card, pick Credit Card as the Method on the pay bills window and then pick your credit card account:

Make these payments before downloading your credit card transactions and then QuickBooks will match the downloaded transaction with your existing payments.

J

JeanGAuthor

Thank you, that makes so much more sense. Thank you for adding the graphic.

When I want to pay, I write a check from checking and using the credit card account?

BigRedConsulting

Do you mean when you pay your credit card balance from your bank account? If so, yes this is generally done by recording a check or a transfer transaction (if an electronic payment) from your bank account.

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