Skip to main content
K
ks809
June 3, 2020
Question

Accidentally charged a purchase to the business credit card

  • June 3, 2020
  • 1 reply
  • 0 views

Our company is a small family partnership business.  The business banking and business credit card accounts are linked in QBO.  My personal checking account is not linked.  I accidental charged a purchase to the business credit card.  I realized the mistake and paid the credit card charged amount Directly from my personal checking account, (instead of reimbursing the company and then paying the business credit card directly from the business checking account). 

 

Now under the Banking Credit Card For Review Tab it has the payment listed, however I don't know how to match up this payment since it came from my personal checking account which is not listed/linked as a Banking Account in Quickbooks Online.  I really don't want my personal checking account linked to QBO because it is a personal account.

 

How do I record and/or reconcile this payment in our Quickbooks Online Credit Cards.  

1 reply

LeithG
LeithG
June 18, 2020

Hi ks809:

 

The best way to do this is as follows:

Entry 1

Credit the credit card for the amount of the purchase and debit 'owner's equity' (reflective of the fact that you owe the business money)

Entry 2

Debit the credit card and credit owner's equity (resolving the card payment and showing the owing amount to the company has been paid)

Finally, from your imported credit card transactions, you should now be able to match that transaction instead of recording it.

Terms & ConditionsAccessibility statement