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newbieinga
October 30, 2023
Question

Other Expense Reconcilliation Discrepancies

  • October 30, 2023
  • 1 reply
  • 0 views

I have Credit Card Accounts that are linked to business QB. These cc accounts sometimes have personal charges that are paid personally and business charges that are paid business. Which category do I use to categorize the transaction when I do not want it on my P&L? I tried to delete the transaction but it becomes a discrepancy.

 

Not sure how to manage.

1 reply

Rainflurry
Rainflurry
October 31, 2023

@newbieinga 

 

In the future, exclude all cc charges that are personal and paid personally.  They should not be anywhere in the company books.  Are you getting a reconciliation discrepancy when you delete them?  If so, how were you able to reconcile those charges originally since you did not pay for them using business funds?    

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