Credit Card payments and Bank Register
I switched from Quicken to QB recently, and am working in past years to correct errors and lost data etc…I am manually adding credit card statement data into credit card register.
When I try to record a payment made from my business checking to credit card account, the payment debits in the register a 2nd time. The charge was already in the register as an expense to the credit card. How to fix this?
It sounds like your bank account is connected to QuickBooks or you started this process by entering all of the transactions from your bank statements into QuickBooks and now you have moved onto the credit card transactions. If that is the case, there is no need to enter any payments made from your bank account to your credit card account because they are already in your bank account register. So as you continue to manually add your credit card charges, just ignore the payments made from your bank account. The reason why it is doubling up is because the payment was previously entered from the business checking account statements.
Best of luck,
Crystalynn Shelton, CPA
Disclaimer: We spend hours researching and writing our articles and strive to provide accurate, up-to-date content. However, our research is meant to aid your own, and we are not acting as licensed professionals. We recommend that you consult with your own lawyer, accountant, or other licensed professional for relevant business decisions. Click here to see our full disclaimer.
Product or company names, logos, and trademarks referred to on this site belong to their respective owners.