I’m looking at using a credit card for all my business purchases and then pay from my business account the full total each month, is there a way to tag multiple purchases within QF to the one ‘bulk’ payment to the credit card please?
You’re not able to tag one payment to multiple suppliers/clients. What you need to do is either split the payment, or create a holding account.
There’s a brief guide on this with clients, here, although the concept is the same with suppliers.
I hope that helps, but please let me know if you need help setting this up
Thanks for replying.
OK, So could I instead, Tag each purchase in the receipt hub to each entry on the credit card statement, and then when I send over the payment from Bank Account to Credit card, tag that as a “transfer between accounts”?
That sounds right to me
So you end up with your credit card account on QuickFile reflecting your actual credit card statement. Then when you pay it off, as you said, tag the money out transaction as a transfer to correct the balance.