How to Fix a Credit Card Incorrectly Added to QuickBooks Online as a Bank Account

In this blog post, I’ll show you what to do if you accidentally add your credit card to QuickBooks Online as a bank account.

Quick Instructions to Fix the Account:

  1. Click Transactions -> Chart of accounts in the left-side menu
  2. Find the account
  3. Click the drop-down arrow to the right of View register
  4. Click Edit
  5. Change the Account name to reflect the credit card
  6. Change the Account type to Credit Card
  7. Click Yes on the warning pop-up
  8. Click Save

Keep reading for a complete walkthrough with screenshots:

How The Mistake Happens

When adding a credit card to QuickBooks Online, there’s a screen where you select the account within QuickBooks to connect it to.

You should click + Add new and create an account for the credit card. 

If you’re new to QuickBooks, you might accidentally select an existing bank account instead.

Accidently clicking a bank account when adding a credit card to QBO

Now, let’s say that you’ve imported and categorized transactions.  

You view the balance sheet and see a Savings account with a balance.

But you didn’t connect a savings account.

You connected a credit card… Oops!

Fix the Account

To fix this, navigate to the Chart of accounts by clicking Transactions -> Chart of accounts in the left-side menu.

Navigating to the Chart of accounts in QBO

Find the account you need to fix. Click the drop-down arrow to the right of  View register. Then click Edit.

Editing an account from the QBO Chart of accounts

In the Edit Account pop-out, change the Account name to something that reflects the credit card.

Then, change the Account type drop-down from Bank to Credit Card.

Editing the Account name and Account type for an account in the QBO Chart of accounts

A pop-up will appear, warning you that this may affect your accounting and reporting. Click Yes.

Warning message when you change the Account type of an account on the QBO chart of accounts

Click Save on the Edit Account pop-out to continue.

Your credit card is now correctly categorized within QuickBooks Online. There is nothing else that you need to do.

☕ If you found this helpful, you can say “thanks” by buying me a coffee… https://www.buymeacoffee.com/gentlefrog

If you have questions about the Chart of Accounts in QuickBooks Online, click the green button below to schedule a free consultation.

Need some one-on-one QuickBooks assistance?
Share Now

This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business. Additional information and exceptions may apply. Applicable laws may vary by state or locality. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Gentle Frog, LLC does not have any responsibility for updating or revising any information presented herein. Accordingly, the information provided should not be relied upon as a substitute for independent research. Gentle Frog, LLC does not warrant that the material contained herein will continue to be accurate, nor that it is completely free of errors when published. Readers and viewers should verify statements before relying on them.

Leave a Reply

Your email address will not be published. Required fields are marked *

Read similar articles

Testing SupaClerk Bank Statement Conversion to CSV for QuickBooks Online Import

Learn how to convert a PDF bank statement into a CSV and then import it into QuickBooks Online.

How to Upload Checks for Printing in QuickBooks Online Using SaasAnt

Learn how to use Saasant to upload multiple checks to QuickBooks Online for printing.

Have a QuickBooks / Bookkeeping Question?

Let me know what you’d like to see in future videos, blog posts, and courses.

Review Your QuickBooks

Are you a small business owner struggling to make sense of your QuickBooks data?

  • Discover how to spot costly mistakes in your bookkeeping and fix them quickly and easily.

  • Save time and money by streamlining your bookkeeping process and reducing errors.

  • Learn how to identify trends in your financial data so you can make smarter business decisions.

  • Get organized and stay on top of your finances by tracking expenses, managing receipts, and closing your books effectively.

Sign up now for this free mini-course and start mastering the essential bookkeeping skills that every small business owner needs to succeed!

FREE Mini Course

Sign up now and enjoy the peace of mind that comes with knowing your bookkeeping is accurate, up-to-date, and free from costly errors.

We won’t send spam. Unsubscribe at any time.

Review Your QuickBooks

Are you a small business owner struggling to make sense of your QuickBooks data?

  • Discover how to spot costly mistakes in your bookkeeping and fix them quickly and easily.

  • Save time and money by streamlining your bookkeeping process and reducing errors.

  • Learn how to identify trends in your financial data so you can make smarter business decisions.

  • Get organized and stay on top of your finances by tracking expenses, managing receipts, and closing your books effectively.

Sign up now for this free mini-course and start mastering the essential bookkeeping skills that every small business owner needs to succeed!

FREE Mini Course

Sign up now and enjoy the peace of mind that comes with knowing your bookkeeping is accurate, up-to-date, and free from costly errors.

We won’t send spam. Unsubscribe at any time.