QB Issue Resolution:

Yes, there is a better way of recording these transactions and I’d love to share it with you.

First, you can set up your main and sub credit cards, as parent and sub accounts respectively. Allow me to guide you through the steps on how to do it, let’s start with the parent account:

  1. Click the Gear icon.
  2. Select Chart of Accounts.
  3. In the Account Type and Detail Type drop-down menus, choose Credit Card.
  4. Name the account.
  5. Fill in any other necessary information.
  6. Click Save and Close.

Next, let’s proceed with the sub-accounts:

  1. Click the Gear icon.
  2. Select Chart of Accounts.
  3. In the Account Type and Detail Type drop-down menus, choose Credit Card.
  4. Name the account.
  5. Put a check mark on the Is sub-account checkbox, then click the drop-down arrow and choose the parent account.
  6. Fill in any other necessary information.
  7. Click Save and Close. Repeat these steps for the rest of them.

This is a perfect way to set them up in QuickBooks, since sub-account transactions flow into the parent account. It’ll enable you to enter the monthly transactions of each card and reconcile the payment recorded in the first card.

You can also check out this article to learn more about this and use it for future reference:

Set up bank or credit card sub accounts

Resolution for Issue 'What is the best way to record credit card transactions when you have several cards on one account?' available: Yes (Solved).
Source: Intuit Community forum.

What is the best way to record credit card transactions when you have several cards on one account?: 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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