How to track corporate credit card in QuickBooks Online

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Информация о How to track corporate credit card in QuickBooks Online

Название	:	How to track corporate credit card in QuickBooks Online
Продолжительность	:	12.41
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Thanks for this I just took on a new client that is much larger than any I've worked on before - CC charges about $100,000 a month Their CC doesn't hit the balance sheet at all The prior bookkeeper - fired because of fraud - only booked the expense when the payment hit the bank - and booked all transactions for a G/L account in one transaction - not individual transactions The CC Company was not even set up as a vendor I don't know what to think of this Also the payment is booked as a JE, not as an expense Thanks for this clear explanation I need to figure out how to explain to the client why what they are doing is wrong
Comment from : @JoesWife1000

Thank you -- this is exactly what I needed!!
Comment from : @user-xs8hj7pw8z

So do i only add "payment" to the sub accounts? Or also the corporate account?
Comment from : @CC-ip3ve

Hi, thanks for the video I'm relatively new to QBO I have a business credit card with two users set up as you have shown in your video (one main account with sub-accounts for each of the two users) I have two accounts linked to QBO (one for each user) My question is after payment is received by the credit card company and the credit card bank downloads transactions, the payment amount is showing up in the primary user's account How do I divide it up to credit each of the users? How's the best/easiest way to reconcile? The secondary user's card is not used as much I'm wondering if it is easier to just have one credit card linked (the primary card number/user) with QBO and I just have to manually match transactions with the secondary user's card Thoughts?
Comment from : @user-tz7gw5bm4l

Hey there THANK YOU New to quickbooks I was blessed to have an on staff bookkeeper for the business I just sold Buying a much smaller business and I'll be handling the bookkeeping Your video was greatvery helpful Do you have one on entering startup costs as a note payable to the LLC members (my wife and I are the only members)? We had quite a few expenses we paid out of pocket, over and above the initial capital contribution I'd like to do a note payable for all of those If not, no biggie But if you doI've found your videos quite easy to follow Have a blessed Tuesday!
Comment from : @duffymoon1917

Great video! I have a question, I created a credit card account and I recorded many expenses there because is the parent card and all the charges are in that statement, the problem now is we connected the main card as well in quickbooks but the expenses recorded don’t match with the credit card, how can I connect them? 😭
Comment from : @meliijimenez3408

Unfortunately, this isn't working for us It's downloading from our bank as one credit card payment, and I can't match it unless it's that exact amount Do I need to make a bunch of individual payments to my main credit card? So frustrating!
Comment from : @PanelsUpSolar

Great video, I have a Corp credit card with three sub cards, all linked to QBO In our QBO chart of accounts, the main CC has all the transactions of the sub accounts but not the actual CC payments The CC payments are showing in another account shown as CC Roll Up When I go to reconcile the Main CC account, it will not balance as the payments are not shown From what I am hearing, only the sub accounts should be connected to the bank feed and not the Master?
Comment from : @porscheclubofamericapeachs9895

Do you have a video with instructions for a Pre-Paid business card…brThe process is a little different since the expense of paying is before you make a transaction …brThanks for any help!!
Comment from : @HolyCityDockingPilots

I have been looking for QuickBooks instructional videos forever!!! I don’t know how I have never seen your page, but Thank You!!!!brYou definitely have a new subscriber!!!
Comment from : @HolyCityDockingPilots

Thanks for your video I love all of them! This is amazing So since my CC company sends all of the corporate cards on one feed, I have used the classes designation to indicate employee spending by employee It works, but is somewhat labor intensive Is there a better way to do this?
Comment from : @blohr220