Thanks, again, for your continued efforts. I'd like to respond to qbteachmt's comments and Teri's list of questions separately as follows. First I want to reiterate my scenario again which is slightly different from richardgreen's situation, so we can comment relevant to the scenario.
ndfbroadwick scenario (using QB Pro Desktop 2016): Co A is amex cardholder. Co B no amex. Amex bill arrived showing $1000 balance due which breaks down to Co A's charges = $700 and Co B's charges = $300. Co A and B made direct payments to amex in the amounts of $700 and $300, respectively.
Response to Teri's questions:
1. Co A = S Corp and Co B = LLC; one owner, no other shareholders.
2. Checks issued to amex have been paid and cleared with the banks. Though nothing has been entered in QB as we realized the mistake and await proper instructions for accurate entries to be recorded.
3. The $300 charges on amex were incurred by owner's travel expenses relating to Co B, such as airline tickets, lodging, and meals. There were no purchases of equipment, supplies, or the like of any sort.
4. Amex card is already set up on Co A in QB. We already know how to do normal credit card entries by inputting transactions. We do not download cc statements.
5. We can do a manual expense report if it's a necessary step to fix this one-time oops. Otherwise, we don't normally do expense reports on owner's amex charges.
Response to qbteachment:
1. Your last post seems to make sense to me. However, can you confirm that it is specifically referring to my situation or richardgreen's?
2. Since my situation is not about a "computer" expense, does this change your explanation? If so, please explain.
