The Pay down credit card feature in Quickbooks Online

 Benefits of the Pay down credit card feature

Clients frequently misclassify credit card payments as expenses rather than credit card liabilities, resulting in inaccurate balances. Additionally, if they deviate from the appropriate workflow and enter credit card payments into the bank feed, they may encounter duplicate entries. QuickBooks Online's Pay down credit card feature utilizes straightforward language to guide clients in making sound decisions and avoiding common credit card payment errors. Consequently, this feature helps them maintain organized and error-free bookkeeping, streamlining your responsibilities at the close of each month.

Using the Pay down credit card feature

To use the Pay down credit card feature, select + New and then choose Pay down credit card from the last column. 

1. Select + New, then select Pay down credit card 
2. In the Which credit card did you pay? box, select Visa
3. Leave the Payee field blank
4. In the How much did you pay? box, enter $500
5. Enter today’s date for the Date of payment
6. In the What did you use to make this payment? box, select Checking
7. Finally, select Save