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malone2023
February 5, 2023
Question

Credit card payments

  • February 5, 2023
  • 1 reply
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I have my credit card and checking account linked into quickbooks, I categorize my credit card transactions as expenses . When I pay my credit card with my checking account it comes over as a transfer and it’s labeled expense. Would I need to record this a “pay down credit card to make sure expenses are not duplicated?  So for example I spend $800 on a business expense with my credit card and I categorized it as a expense, when I got to pay off that $800 credit card bill from my checking, it labels that as a expense and now it looks like I have a 1600 expense but it should only be 800. How do I stop this from happening 

1 reply

K
Kevin_C
February 5, 2023

Thanks for laying out the details of your concern, @malone2023.

 

The expenses get duplicated because creating a transfer and Pay down a credit card are two different options to record a credit card bill payment in QuickBooks Online (QBO). That said, you can choose one of these ways of recording these payments instead to avoid getting these duplicates.

 

For more information about recording payments to credit cards in QBO, here's an article that will walk you through keeping track of your expenses and maintaining accurate financial reports: Record your payments to credit cards in QuickBooks Online.

 

Moreover, you may want to use these articles below to learn more about organizing your transactions from the Banking page in QBO: 

 

 

If you have other banking concerns or questions about credit card payments in QBO, please don't hesitate to comment below. I'm always ready to help. Take care!

    M
    malone2023Author
    February 7, 2023

    This helped a lot, thank you. 

    M
    Maybelle_S
    February 7, 2023

    It's good to hear that your problem was resolved, @malone2023. 

     

    You are always welcome to visit the Community whenever you need assistance. We are always here to help. I hope you enjoy the rest of your day. Take care.

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