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February 20, 2021
Question

What can I do to make my credit card payments come up as an expense rather then income?

  • February 20, 2021
  • 1 reply
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1 reply

Rose-A
February 20, 2021

I'm here to help your credit card payments come up as an expense in QuickBooks Self-Employed, mpmlmft.

 

To report your credit card payments as an expense in QuickBooks Self-Employed, you can simply enter them as an Expense transaction.

 

Here's how:

 

  1. Click the Transactions menu in the left panel and select Add Transaction.
  2. Enter the amount and a description.
  3. Select a category menu.
  4. Hit Save.

 

You can take a look at the following article. This will provide you lists of categories to help guide you in tagging or categorizing your transactions as well as organizing them accurately in QuickBooks: Updates to expense categories in QuickBooks Self-Employed.

 

Additionally, you can visit the following write-up regarding how Schedule C categories show up on your financial reports: Schedule C and expense categories in QuickBooks Self-Employed.

 

Keep in touch if you need any more assistance with this or there's something else I can do for you. I always got your back. Have a good day and keep safe.

Rose-A
February 21, 2021

Hi, mpmlmft.


Hope you're doing great. I wanted to see how everything is going about the credit card payments you had yesterday. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I'd be happy to help you at anytime.


Looking forward to your reply. Have a pleasant day ahead!

March 20, 2025

Why would one want a credit card payment to show as and expense when the purchase on the credit card is recorded as an expense.

I am having somewhat the same issue.  Sometimes QBO records them as credit card payments to pay down the card and other times it is recorded as an expense.  Can you shed light on what I am doing wrong.