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kcee
June 13, 2024
Question

Deleting credit card entry to pay a bill

  • June 13, 2024
  • 1 reply
  • 0 views

1. Last year (now a closed period) I paid two invoices by credit card, Quickbooks combined them as one payment.  But the credit card statement imported two separate charges and I reconciled those, leaving the bill payment created by quickbooks unreconciled.  How can I void the credit card payment to fix this without messing up the year end balances and reverse in the current year

2. Related issue, somehow a credit card payment got assigned to Accounts Payable instead of the appropriate expense account.

1 reply

BigRedConsulting
BigRedConsulting
June 20, 2024

RE 1: I'd delete the two credit card payments and then perform a special reconcile and clear the single payment that is currently uncleared.

 

RE 2: The account should be your A/P account, because the payment pay your A/P Bills.  This is just like a bill payment check in your bank account, which also uses the A/P account. The expense account is on the bills you paid. Repeating it on the payment would double your expense.

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