QB Issue Resolution:

You can categorize the downloaded credit card transaction to post on your liability account. Here’s how:

 

  1. Go to Banking from the left menu and select the Banking tab.
  2. Choose the Credit Card account.
  3. Locate and click the transaction involved to open the details.
  4. Under Category, select the liability account where you want to post the transaction.
  5. Fill in other necessary information
  6. Click Add. 

You can also set a banking rule to automatically post these transactions to your desired account.

Visit us here again if there’s anything else you need.

Resolution for Issue 'Hi there, the structure of my company is Corporation. And it’s taxed as S-Corp currently. 1. Currently we have a liability account to a person called Annie. She loans us for $10000. So the liability that we owe her was $10000. 2. As a way to decrease our liability, we let her use our business credit card buying $2000 of personal stuff last month. So we agree the new liability balance decreases to $8000 for now. 3. How to bookkeep/record this transaction correctly in QuickBooks to reflect this transaction properly? We want to decrease our liability account to her to $8000, and also want to mark this $2000 transaction on the credit card properly because right now this transaction is synced to the credit card transaction page. If we click' available: Yes (Solved).
Source: Intuit Community forum.

Hi there, the structure of my company is Corporation. And it’s taxed as S-Corp currently. 1. Currently we have a liability account to a person called Annie. She loans us for $10000. So the liability that we owe her was $10000. 2. As a way to decrease our liability, we let her use our business credit card buying $2000 of personal stuff last month. So we agree the new liability balance decreases to $8000 for now. 3. How to bookkeep/record this transaction correctly in QuickBooks to reflect this transaction properly? We want to decrease our liability account to her to $8000, and also want to mark this $2000 transaction on the credit card properly because right now this transaction is synced to the credit card transaction page. If we click: this issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the issue yourself by looking for a resolution described below. If it is a complex issue or you are unable to solve the issue, you may contact us by clicking here or by using other support options.

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