Credit Card balances are Debt. The Balance you owe gets increased by entering Expense charges that you used that card for, already. The credit card purchases are individually entered, for the date you used that card to buy something. That is how your balance owed Increases.
The balance goes down by […]
Resolution for 'card balance issue: 'Categorizing Credit Card Payments' available: Yes.
The card balance 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 card balance issue yourself by looking for a resolution described in the article. If it is a complex card balance issue or you are unable to solve the issue, you may contact us by clicking here or by using other card balance support options.
For more information about resolving issues related to card balance in Quickbooks/QBO or to get support for the issue 'Categorizing Credit Card Payments', click the link below: