FinFrockTax, I will be using the Enter Credit Card Charges/Refund for posting the Amex charges to the appropriate expense category in Co A. The rest of the entries will be JE. Will this be ok? How do you see the actual QB steps? Here's a recap of the situation for your reference: 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.
