Probably Stupid Question

Assuming you have set up the new credit card in QB as a credit card type instead of a Bank type, use the Banking>>enter credit card charges option. Change it to a Refund/credit. Use the credit card company as the Payee and the bank account paying the cc payment in the "expense" account. Now select edit>>memorize credit card credit. Have it prompt you to approve the payment so you can change the amount if you need to.

Wow, That was fast. Thanks A bunch, I sincerely appreciate it Dusty

This is not a stupid question, it's actually a very common one!

The best thing to do is exactly what the first reply says: Go to the banking menu and enter credit card charges (better yet, if the cc has the functionality, make use of online banking and download the transactions, much faster!). To insure that a bill/payment is applied properly, you need to make sure that you reconcile this account with each statement. When you complete the reconciliation, QB gives you the option to write a check directly or enter a bill to be paid - the default amount for each choice is the full balance on the card, but you can override that to the minimum or whatever amount you plan on paying.

If you make any additional payments between statements, you can either enter or bill or a check, and make sure that you do not post to any expense account - you want to post to the credit card account directly.

Stacy Kildal Kildal Services LLC

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