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January 16, 2022
Question

In a business/personal banking account with linked credit cards in QB, how do I categorize payments made to my credit card accounts?

  • January 16, 2022
  • 1 reply
  • 0 views
I'm not sure how to do this. If for instance i spend $10 with a credit card as a business expense then i cant categorize the $10 im paying to the cc company as the same or it would overall show as a $20 expense wouldnt it?

1 reply

Rustler
January 16, 2022

When you use a CC you are borrowing the money to make the purchase

When you pay a CC you are paying back the money you borrowed, so it is not an expense