When entering an expense, which payment method should be selected for a transaction made with a debit card?

Selecting the payment method as "Debit Card" accurately reflects the means through which the transaction occurred, providing an accurate representation of the financial activities within QuickBooks Online. It helps maintain the integrity of your financial records, allowing for better tracking and reporting of expenses.

Choosing "Debit Card" as the method ensures that the transaction is linked to the appropriate bank account from which the debit amount was withdrawn, effectively simplifying the reconciliation process later on. Additionally, it provides clarity in financial reports, as it distinguishes between types of payments made, which can be valuable for financial analysis and budget management.

Using other options like "Credit Card," "Cash," or "Bank Transfer" would misrepresent the nature of the transaction. This misrepresentation could lead to errors in your financial reports and complicate accounting practices, as each method signifies a different way of completing a financial transaction. Having accurate payment method classifications allows for better insights into spending patterns and helps with overall financial management within QuickBooks Online.