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May 12, 2021
Question

How do I enter my credit card deposits from my bank statement into quick books? I currently do not have my bank account links and do not like the idea of linking it.

  • May 12, 2021
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1 reply

May 12, 2021

Thanks for checking in with us, jbdean649-gmail-.

 

We can create a bank deposit and post it on a clearing account. Then, transfer it from your clearing account to your Credit Card account. Here's how:

  1. Click the Plus icon (+) at the top.
  2. Under Others, click Bank Deposits.
  3. Enter the deposit. Under Account, choose your clearing account.
  4. Click Save and close.

For more details about recording deposits, see the Record and make Bank Deposits in QuickBooks Online article. Then, transfer your clearing account to your Credit Card account. Here's how:

  1. Click the + New Plus icon. 
  2. Select Transfer.
  3. From the Transfer Funds From the dropdown list, choose the bank account that the money is coming from.
  4. From the Transfer Funds To dropdown list, select the bank account that the money is going to.
  5. In the Transfer Amount field, enter the amount being transferred.
  6. Edit the Date field.
  7. Enter a description of the transfer in the Memo field.
  8. Press Save and close to complete the transfer.

You can also create a journal entry to transfer it from the clearing to the credit card. Then, consult your accountant on the posting accounts you'll need to apply. Also, QBO allows you to record credit card payments in multiple ways so you can keep track of your expenses and maintain accurate financial reports. See the Record your payments to credit cards article for more details. 

 

 

Feel free to visit our Banking page for more insight about managing your bank feeds and reconciling accounts. 

 

I'd like to know how you get on after trying the steps, as I want to ensure this is resolved for you. Just reply to this post and I'll get back to you. Have a great day.