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bank institution: How to treat credit card transactions (to pay expenses) in cash based accounting

Technically, a credit card transaction doesn’t count as a cash transaction. When a credit card is swiped, it will affect the credit card liability account. When a bill is paid, it will affect the bank and the liability accounts.

 

Regardless whether you’re using cash or accrual basis, you’d want to record […]

Resolution for 'bank institution issue: 'How to treat credit card transactions (to pay expenses) in cash based accounting' available: Yes.

The bank institution 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 bank institution issue yourself by looking for a resolution described in the article. If it is a complex bank institution issue or you are unable to solve the issue, you may contact us by clicking here or by using other bank institution support options.

For more information about resolving issues related to bank institution in Quickbooks/QBO or to get support for the issue 'How to treat credit card transactions (to pay expenses) in cash based accounting', click the link below:

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bank institution: Why are 4 of my withdrawals from my bank, i.e., payments I made, being counted in the bank register as deposits? How do I fix it?

Let me share some information with you about bank downloaded transactions. The bank information that QuickBooks received depends on what your bank shares.

I would suggest contacting your bank institution to check with them on how they record the transactions.

Resolution for 'bank institution issue: 'Why are 4 of my withdrawals from my bank, i.e., payments I made, being counted in the bank register as deposits? How do I fix it?' available: Yes.

The bank institution 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 bank institution issue yourself by looking for a resolution described in the article. If it is a complex bank institution issue or you are unable to solve the issue, you may contact us by clicking here or by using other bank institution support options.

For more information about resolving issues related to bank institution in Quickbooks/QBO or to get support for the issue 'Why are 4 of my withdrawals from my bank, i.e., payments I made, being counted in the bank register as deposits? How do I fix it?', click the link below:

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bank institution: Add a checking Account, not online

Let me help you create a new bank account without connecting to the bank institution in QuickBooks Online. Here’s how:

  1. Click the Gear icon in the upper right of the screen.
  2. In the list that drops down, select Chart of Accounts.
  3. Once on the Chart of Accounts screen, click the New.
  4. From here you should be […]

Resolution for 'bank institution issue: 'Add a checking Account, not online' available: Yes.

The bank institution 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 bank institution issue yourself by looking for a resolution described in the article. If it is a complex bank institution issue or you are unable to solve the issue, you may contact us by clicking here or by using other bank institution support options.

For more information about resolving issues related to bank institution in Quickbooks/QBO or to get support for the issue 'Add a checking Account, not online', click the link below:

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