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QuickBooks Online: Transfers u0026 Credit Card Payments

Hector Garcia CPA 59 views

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You touched on it but didn't say what you prefer - so you do not recommend an incoming transfer from the owner's personal checking/savings into business checking to be a transfer, should we categorize it as a deposit - uncategorized income, create a deposit? Any insight would be so helpful! I love your videos, they are always so helpful!
Comment from : @meganshook9033

Question, QBO bookkeeper helps me catergorize a transfer from the cash brokage account from the company to company 's checking account Both belong to the company, is that not correct?
Comment from : @TheGreeneggsandkam

Thank You for your videos It is now 2025 and I want to do bookkeeping for a small catering company that uses the Profit First Method There are several bank accounts set up at three banks All revenue goes into the Operating Expense (OpEx) checking account Percentages of money are transferred from the Operating Expense (OpEx) checking account to the Income, Profit, Owner's Pay, and Tax accounts What is the best way to set this system up? Do these transfers have to be done manually each month or can it be done automatically in QuickBooks Online?
Comment from : @barryabrams6071

What about owners draw? Should the transaction be categorized or marked as a transfer?
Comment from : @jlbarron3

Haha! As soon as I saw the cover of this YT video, I started laughing hysterically Yes! This is THE number 1 thing I tell my clients not to use It creates so much havoc Thanks for the video! I will be sharing with the clients that need a reminder
Comment from : @MaxProfitBookkeeping

Hi, I am confused whether to record an online transfer from/to both banks linked in QBO as "transfers" since I can also see that in other previous transactions, the old bookkeeper recorded some online transfers as expenses and some are recorded as transfers Just confused about the inconsistencies in recording it Need help, please Thank you
Comment from : @QuennieBelleKathleenMontenegro

Great information! My issue is there’s a transfer in my QB that is not on my bank statement or credit card statement I would love your advice on what to do about that 🤔
Comment from : @thompsonwife1

I have a question, i have a card that has a VISA logo on it, but it is actually a revolving Line Of Credit card How would you set this up? I can use the card as a VISA, but the interest starts immediately when you use it I set it up as a credit card and when i went to reconcile, there was an amount that was suppose to be interest but it was not showing
Comment from : @billingsroofers

why Intuit Added this non-functional option - I will NEVER understand! - your expression, is EXACTLY how I feel, when I tell staff members and clients 1,000 times - exactly what you say :)!
Comment from : @qbSolutioneers

What's the proper QBO way to transfer funds between 2 companies with the same owner?
Comment from : @NoteBuyersClub

If I have a transferbetween accounts, and QuickBooks suggests:" Categorize" into the correct account and they are both amounts linked- will that have the same impact as choosing "record as transfer" I see on the first column it says expense - instead of Transfer but it does not actually create an expense in the P&L, should I leave it as is or undo it and switch it to transfer?
Comment from : @MV2024-i2l

Hello and thank you, on minute 9:04 you start talking about the “Record as credit card payment” option What do need to enter in the “vendor/customer” square? Thank you
Comment from : @elbatorres5162

my client always making record transfer but the amount is different from paypal to chase the paypal has a fee from paypal 600 and the chase will receive it 595 when i reconcile it has a difference what is the proper way thank you!
Comment from : @mariasofiajuquiana3680

Actually my only problem is on transfers please help me thanks,,
Comment from : @phoebelaquindanum5791

Do you have videos if the transfers is to other currency? like USD acct to HKD Acct? thanks u
Comment from : @phoebelaquindanum5791

This is exactly the information I have been searching for Clear and concise for dummies :) New to QB and lots of catch up to do (while trying to learn as I have been "handed the baton" ) I will be signing up for whatever courses you have available Thank you, thank you, thank you You are an incredible teacher
Comment from : @KarenFugett

Is it ok to transfer liability of one credit card to another credit card?
Comment from : @mizzkhaeya7819

Why does my Qbo doesnt have record as credit card payment option?
Comment from : @mizzkhaeya7819

Hi, i just have a quick question, my client have transferred money from personal account( not linked in QB) to his business account to pay the credit bill In which account should i categories this?
Comment from : @teenaanto4081

I'm struggling to find the answer to how I should correct the many 'Transfers' my client repeatedly used to make credit card payments in years past Any suggestions?
Comment from : @lisanault6827

Very good explanation You're the best 😀
Comment from : @marinamanan6070

Hola Héctor tienes videos en español??
Comment from : @veronicavarela5404

Thank you 👍🏽👍🏽
Comment from : @joserogiers9775

What's the difference between transfer and card payment?
Comment from : @keyneslonely1078

Promo`SM
Comment from : @marti7716

Gosh I’m sorry But please stop confusing credit card payments with the word expense Payments are not “expenses”
Comment from : @mike2959

Thank you for this video Mr Garcia! I have a tricky situation, which is categorizing a balance transfer from one business credit card to another What is the best way to handle this situation?
Comment from : @jenniferwhite4715

What if you are paying a credit card, however you used that card to pay for an expense Would you list the transaction as the expense you are wanting to pay instead of showing it as a CC payment? Otherwise, how would you track the expense?
Comment from : @okivillarreal2577

Thank you for the great content Couple questions: 1- When I record a transfer from X bank to Y bank, it is doubling the transfer and does not consider that there are bank fees paid, and keeps original amount (ie 19000 from X is recorded as 19000 in Y) although the bank statement shows that it was deposited as 18500 br2- How to reflect the bank charges and fees on the transactions/transfer/credit card payments that we make
Comment from : @Armando-nr6lz

Ow So thats my mistake I TRANSFER a supposed to be payment (bank) to a credit card when its supposed to be categorized?
Comment from : @GyausniAbad

Do you have experience working with us Zen business? If yes, can you give me a best advice
Comment from : @nereidaenriquez5602

What headset did you use? It was crisp and clear audio
Comment from : @macanthonysaguindang8438

I wish there were an additional function for the record as credit card payment, especially when dealing with multiple subaccounts, instead of excluding the transfer payment and creating an expense to properly record the payment
Comment from : @materesagardon9124

This is great information and some very helpful changes I have two issues I have been struggling with and was wondering if you something that can be done 1) I seem to have a new requirement to Login and 2FA everytime I switch companies So moving around in multiple companies is now such a pain 2) I had 2 different cards on a AMEX credit card account 1 to each company and the link has worked beautiful for several years Now they will not connect because they are sub-cards to a master AMEX Primary card If I just the data from the primary card to link the account ALL data from all cards comes into the first account I attempt to update This include a very high transaction card that is not synced to any of the QB companies I have had to go back to using the AMEX export and QB impot function for now Any thoughts?
Comment from : @FLCrackerVideo

Also, transfer can be useful when the 2 accounts are in different currency For example, Amazon Canada account deposits money to my US bank account Normal categorize function doesn't support currency conversion
Comment from : @BabyBossBoi

What happens if QBO does not show "Paired" but there "is" a match but since you didn't see the "pairing" or "match" option you manually change it to a transfer? Does that cause a duplicate transfer entry?
Comment from : @mwhitney6580

Gracias, pero lo puede hacer en español
Comment from : @marhernandez5992

Great explanation I am sharing with my team Thank you!
Comment from : @Annitzah

Would love a video on using estimates - and why does QB not have a feature that allows the customer to accept or reject an estimate when you've emailed it to them, or am I just missing it? Best I can tell, you need a third party add-on to do that, is that correct?
Comment from : @PattyKollias

Mr Garcia, thanks very much! Awesome indeed 🙏🏾
Comment from : @georgiamelendez941

Great news!
Comment from : @lisamurray4073

Good TRSFRS are just a pain Have wasted hours trying to reverse /undo a recorded Transfer just to record correctly Paymts to credit card accts are also another issue I am happy to hear that QBO is trying to improve But, it bothers me that i wasted so much precious time just fixing quickbooks So many frustrated hours
Comment from : @cherylkeithley7303

Thank you for always uploading new videos every day Could you also make a video on how you usually review the Balance Sheet and Profit & Loss? It would be great to hear some useful tips on this topic
Comment from : @shenamaeenclonar2336

Thanks my mentor please upload videos as soon as possible so that we can use our weekends learning new thing's
Comment from : @junaidahmed4424

Hii sir how many lectures will be in this quickbooks online 2024 tutorial playlist and when will the last video of this series will be uploaded??
Comment from : @nikulahir1543