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when reconciling a credit card that you want to pay by transfer, which reconciliation option do you choose? (ie "Pay all or a portion..." or "enter a bill to pay later", or "Done"

Forum|Forum|7 years ago
February 4, 2019
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My business credit card is set up with the bank so that my checking account automatically pays it each month. I would like to set up the transaction as a transfer each month. My question is: When reconciling the credit card (that you want to pay by transfer), which reconciliation option do you choose at the end of the reconciliation to facilitate that? (ie "Pay all or a portion..." or "enter a bill to pay later", or "Done" or ? I know you shouldn't use "enter a bill" but that's it. I have everywhere but can't seem to find the answer.

Thank you

QuickBooks Online

Best answer by

Hello, Angela1234.

You can select Done since your checking account was set to automatically pay your credit card account. Below are the things you must consider when deciding which option to choose.

Pay all or a portion of the bill now — takes you to the Check screen with full amount listed. For partial payments, enter the amount that you actually paid.
Enter a bill to pay later — takes you to the Bills screen with full amount listed. For partial payment, change the amount to what you intend to pay. If you're unsure, you can leave the full amount and edit later to reflect the actual amount paid. This option moves the balance in the credit card account to Accounts Payable.
Done —If users don't want to record credit card balance payment or bill when reconciling (or if they did it beforehand already), they can select Done.

Please visit us again if there’s anything else you need. We’ll always be here to help.

A

Anonymous

Answer

Hello, Angela1234.

You can select Done since your checking account was set to automatically pay your credit card account. Below are the things you must consider when deciding which option to choose.

Pay all or a portion of the bill now — takes you to the Check screen with full amount listed. For partial payments, enter the amount that you actually paid.
Enter a bill to pay later — takes you to the Bills screen with full amount listed. For partial payment, change the amount to what you intend to pay. If you're unsure, you can leave the full amount and edit later to reflect the actual amount paid. This option moves the balance in the credit card account to Accounts Payable.
Done —If users don't want to record credit card balance payment or bill when reconciling (or if they did it beforehand already), they can select Done.

Please visit us again if there’s anything else you need. We’ll always be here to help.