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January 8, 2021
Question

How do I post a negative expense on a business credit card? I tried to go the 3step supplier credit way. That seems to only work with a bank account rather than a CC

  • January 8, 2021
  • 1 reply
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1 reply

January 9, 2021

Hello crossedts, 

 

Welcome to the Community! It's good to see that you've already tried to post this transaction using the supplier credit method. QuickBooks Online also includes a handy Credit card credit function that should work for your situation. I can walk you through how to do this. 

 

The Credit card credit feature allows you to record a "negative" expense or refund to your credit card. Here are the steps to do this: 

 

  • Select the +New button, and under the Supplier section, click Credit card credit
  • In the Payee dropdown menu, select the supplier that this amount relates to. 
  • In the Bank/credit account dropdown, ensure that the correct credit card is selected if you have more than one. 
  • Enter the Payment Date, a Ref No. if applicable, and the rest of the details for this transaction such as CategoryAmount, and Sales Tax.
  • Once all of the necessary information has been entered, click Save and close

 

Your credit card will now show a credit in the Account history, which you can review by going to Accounting > Chart of Accounts > Account History

 

Please reach out if you need any further assistance!