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Accounting Beth
October 13, 2024
Question

Matching receipt to bank

  • October 13, 2024
  • 1 reply
  • 0 views

Currently my QuickBooks is set up to put all sales receipts into one bank.  We have changed our process and cash and checks will go to one bank and now credit cards will go to another.  How do I set up the credit cards to go to the new bank?

1 reply

J
JamaicaA
October 13, 2024
You can transfer funds to put the credit card transactions to a new bank, Beth. It's easy, so let me show you the process quickly.
 
In QuickBooks Desktop with Payments service, credit card payments are deposited into the default bank account set for QuickBooks Payments. Directly designating a different bank account for them through QuickBooks Payments is unavailable.
 
To separate your credit card payments from cash and check deposits, continue using the current account, then manually move the desired amount to the new bank account. You can then record this transfer in QuickBooks to ensure your records accurately reflect this change. I'll show you how.
 
  1. Go to the Banking menu and select Transfer Funds.
  2. Choose the account where the payments come from on Transfer funds from dropdown.
  3. Pick the account you set up for credit card payments under the Transfer Funds to dropdown.
  4. Enter the Amount and Date.
  5. Hit Save and Close.

 

Since we have three Bank Feed modes with different ways of categorizing transactions, refer to this article: Add and match Bank Feed transactions in QuickBooks Desktop.
 
For more tips about managing entries effectively and matching your real-life bank and credit card statements, check out these links:
 
 
I applaud your efforts to improve your financial management strategy and maintain an organized and efficient accounting process. Reach out to me for further assistance with these activities.
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