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brejohns
March 1, 2023
Question

QB Desktop

  • March 1, 2023
  • 1 reply
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New desktop user, fairly simple question. I have a CapitalOne credit bill, for example, $5,073. I pay that CapitalOne credit card bill via online payment through my USBank checking account. So, in my banking feeds, I have transactions of (1) Payment of $5,073 in Capital One Credit Card and (2) Payment of $5,073 in a Checking account. What is best practice to match these up, or how to I account for each of the 2 transactions in the bank fee?

1 reply

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Pete_Mc
March 2, 2023

First tip is that your Bank Feed is not really to enter items for you.  It's better to enter them and then use the Bank Feed to confirm/match them.  If something is not matched, then it's worth looking at closely to see why not.  (Bank error, your error, etc.)

 

For your entry.  I'd start in the Checking Acct and enter the CapitalOne as the Payee and then for the associated Acct it would be the CapitalOne Credit Card.  The Acct you enter all of the charges into.  When you look in the CapitalOne Acct, you'll see that entry for the payment.  (Be sure to actually pay the bill however you have been doing it.)

 

Then when you do a Bank Feed you should see the transactions show up as a "Match" though sometimes you still need to match them up manually.  (It's a QB glitch that comes up every once in a while.)

 

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