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March 15, 2021
Question

Do I pay my business credit card with my business checking or with my personal checking?

  • March 15, 2021
  • 1 reply
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before quickbooks I've always paid my business credit card with my personal checking account.

1 reply

March 15, 2021

I’ve come to share some information on how you can handle credit transactions in QuickBooks, @sylviacampa.


A Credit Card gives you an option to borrow funds for purchases or for paying bills. QuickBooks Online allows you to record credit card payments in multiple ways so you can keep track of your expenses and maintain accurate financial reports.


When paying credit charges, it’s up to you which account you’re going to use. Though it's good practice to avoid mixing business and personal funds. We have following articles that can provide guidance on how to record such transactions.


You can follow the steps below to record the credit card payments if you're going to use your business checking account in the program. To do so:

 

  1. Select the + New button.
  2. Select Transfer, under Other.
  3. From the Transfer Funds From ▼ drop-down menu, select the bank account the credit card was paid from.
  4. From the Transfer Funds To ▼ drop-down menu, select the credit card that the payment went to.
  5. In the Transfer Amount field, enter the amount of the payment.
  6. You can enter notes under Memo.
  7. Press Save and close.


You can refer to this article to learn more ways how to record credit card payments in QuickBooks. This also includes instructions to make payment after reconciling.


Otherwise, check out this article to record business expenses you made with personal funds.


Please let me know if you have any additional concerns or questions in QuickBooks. I'll be right here to help. Always take care!