Skip to main content
J
Jeongmi
February 5, 2019
Question

Multiple Credit Card Accounts

  • February 5, 2019
  • 1 reply
  • 0 views

Bank of America uses a process where there is a master account and all charges made by subordinate cards are transferred to the master account. Payments are only made to the master account. When using QuickBooks Pro 2018 and bank feed activities should I:

 

1) only use the master account

2) setup both the master and subaccounts

 

If the recommendation is to only use the master account, how to I remove the subaccount already in QuickBooks and containing imported data (manually updated)?

1 reply

RenjolynC
RenjolynC
February 5, 2019

Hi Jeongmi,

 

If the transactions download to one account, connect only the parent account. To disconnect the sub-account, see this article: Deactivate Bank Feeds for an account. Note: Once the account is disconnected, all transactions will be removed. 

 

If there are transactions that need to be added in QuickBooks, please make sure to add them before following the article. 

 

Please reach out to us if you have any additional questions about QuickBooks. Thanks.

J
JeongmiAuthor
February 6, 2019

Thank you so very much for the solution. I was able to clear up my original issues. As a note, Bank of America does not record individual transaction in the master account. This system only reports the total amounts charged and the payments made are the only date downloaded through the bank feed. I will need to manually input the individual charges via the "Enter Credit Card Charges" on the Home page. 

qbteachmt
qbteachmt
February 6, 2019

You will Split the Payment to each Card Subaccount. One Payment check entry with multiple lines.

Terms & ConditionsAccessibility statement