How do I enter bills paid with my Visa?

New to QB, entered my opening balance for my Visa and then entered all of my transactions for one month (mostly paying bills) through "Expense". When I looked at the chart of accounts my balance decreased instead of increasing. So I tried doing it through paying bills and then paying the bill with my visa and again it made my balance decrease... So my Visa balance started at owing $4000, I paid a bill for $500 and now it says my balance -$3500 instead of -$4500...what am I doing wrong?


Answer

"To pay Bills with the cc you use the Pay Bills screen and select the cc instead of a bank account"

And you would only enter something as a Bill first, because you did not yet pay it. If you used the credit card at Staples or Home Depot, you already paid. Go directly to enter that expense as paid from the Credit Card. There is no Bill to pay; you paid them.

The statement is an Account Statement and not a bill. Remember: you did not Buy anything from VISA and not all on that one date. The statement is used to Reconcile the credit cad account.


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