PC.4.I.4 - Pay Down a Credit Card
- 6 steps
ProAdvisor Challenge
This exercise is a ProAdvisor Challenge provided by Intuit. To find the original, log in to your QuickBooks Online Accountant (QBOA) account, then follow this path:
- In the left navigation bar, hover over ProAdvisor, then click **Training**.
- Click the **Training Library** tab.
- Click **QuickBooks Online** to expand (it may already be expanded).
- Click on the **Expenses and vendors** tile.
- Click **Intermediate Skills** to expand, if necessary.
- Click on the **4. The Pay down credit card feature** section.
The exercise can be found towards the bottom of the page, under ProAdvisor Challenge.
The Sample Company
1
To complete this exercise, you must be in the Sample company. To get into it, click on the Gear icon on the top right corner of the screen, then select Sample company.
Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.
Hands On Practice
Now let's get started with the exercise. As a reminder, here is the scenario:
Your client Craig paid his Visa credit card today and asked you to help him record the transaction in QuickBooks Online.
Here’s some useful information:
- The payment was **$500**
- Craig used his **Checking account** to pay off his **Visa** card
Here’s what you need to do:
- Use the **Pay down credit card feature** to record the transaction
2
Click the "+New" button, then select "Pay down credit card".
3
In the Which credit card did you pay? field, select "Visa".
Leave the Payee field blank.
4
In the How much did you pay? field, type "500".
The Date of payment field will default to today; for the purposes of this exercise, leave this as is.
*Note: your date may be different than the date below.*
5
In the What did you use to make this payment? field, select "Checking".
6
Click "Save and close".
🏋️♀️ Get More Practice
This exercise was featured as an Exercise of the Week in the QBO Gym. Do more hands-on exercises just like this by joining our FREE, 5-day Bookkeeping Challenge. [Just click here.](https://www.fastandeasyqbo.com/gym5)
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