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February 19, 2021
Question

How do I record a cash rewards amount into my checking account?

  • February 19, 2021
  • 1 reply
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1 reply

AlcaeusF
February 19, 2021

Hello @ccoastsilk,

 

Welcome to the Community. I can help you record cash rewards in QuickBooks Online.

 

First, you'll need to create a new income account in the system. Please make sure to choose Other Income as the account type.

 

Here's how:

 

  1. Click the Gear icon in the upper-right corner.
  2. Select Chart of accounts under Your Company.
  3. Press the New option.
  4. Choose Other Income below Account Type
  5. Under Detail Type, choose Other Miscellaneous Income
  6. Enter the necessary information.
  7. Hit Save and Close.

 

Once done, you can proceed with recording the cash rewards. Please follow these steps:

 

  1. At the top, click the Create menu (+) and select Credit Card Credit.
  2. You can leave the payee field blank.
  3. Select your checking account.
  4. Go to the Account details section.
  5. Enter Other Income or the income account you created under the ACCOUNT column.
  6. Enter the cash back amount.
  7. Click Save and close.

 

For additional reference, you can use the following article to learn how to keep your chart of accounts organized: Intuit Create subaccounts in your chart of accounts in QuickBooks Online.

 

Please know that I'm just a post away if you have any other questions related to recording transactions in QuickBooks. Take care.