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I use quick books online. I have all of my business accounts

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linked; 1 corp checking account...
I use quick books online. I have all of my business accounts linked; 1 corp checking account .1 corporate credit account with 4 business credit cards.I pay the corp credit account online with transfer from corp checking.What is the best way to reflect/setup/structure this in QBO?
*qbo does usually show a matched transaction. I believe when I acknowledge a match, then it does not schedule 2 expenses.I hope ive outlined my question clearly. if not, please let me konw what other details i should share.
Submitted: 1 year ago.Category: Tax
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Answered in 4 minutes by:
8/30/2016
Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago
Mark Taylor
Mark Taylor, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2,331
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Hi, my name is Mark. I will be happy to help you.

The payment from the corp checking account should be classified as corporate credit account. You are correct that by acknowledging the match there should only be one entry.

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Tax Professional: Mark Taylor, Certified Public Accountant (CPA) replied 1 year ago

Does the payment to the Corp Credit Account include interest?

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