Adding Corporate Cards in QBO

Corporate cards can be a bit tricky because there is one account, but typically multiple cards are issued. In the chart of accounts, you will have the following:

*Parent account - Umbrella account under which all issued cards will fall.

*Primary account - This account is often used to just make payments. Sometimes it is also used to make purchases.

*Sub-accounts - Individual cards issued.

It is important that this is setup properly. 

Things to consider: 

Should it be connected to the bank in QBO. (If the parent is connected to the bank, you will not be able to connect the sub-accounts).

Is it used for purchases.

Is it used for payments.

Should it be used to reconcile the bank statements

Note: When the primary account is used for purchases, you will need to use a Bank Rule to exclude the payments.