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J
Jlyamamoto
February 20, 2020
Question

Paying business invoices (A/P) with business credit card

  • February 20, 2020
  • 1 reply
  • 0 views

Hello!

 

I have a business credit card which I use to pay business invoices, as well as other miscellaneous business expenses. 

My question is: when the credit card statement comes in, is there a way to match my open vendor bills with the charges on account, or would I need to mark each vendor bill paid by credit card and use the accounts payable account as a pass through?

 

Thank you for your help!

 

1 reply

A
AndréB12
February 20, 2020

Hey Jlyamamoto,

 

Using the bank feed to record payments on a bill is a quick and convenient way to unlock the powerful accounts payable tracking in QuickBooks Online. This is absolutely something that's possible, and it's a great way to save time. QuickBooks is built with a focus on simplifying your bookkeeping, which includes seamless integration with your bank accounts to automate a large portion of the work. I'll be happy to help you get started.

 

In general, the bank feed is able to instantly recognize a transaction similar to an open bill or invoice. Matching these transactions to a bill automatically records the payment from the card and clears out your A/P. It's just a couple easy steps to do this:

  1. Go to your Banking tab and select Banking. 
  2. Transactions QuickBooks Online recognizes will offer the Match option.
  3. If you don't see the Match option, click on any field of the transaction then select Find Match to search for the bill.
  4. Click Save.

This way, you can save time by avoiding the need to mark each bill as paid. To read more about this, check out this awesome article: Match and categorize bank transactions in QuickBooks Online

 

Feel free to reach out if you have any additional questions! 

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