I need to know how to enter CC into QuickBooks. I really need some help!
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You should enter your credit card charges individually in Banking -> Enter Credit Card Charges. When you get your monthly statement, you should reconcile your credit card account in Banking -> Reconcile. Once you finish reconciling your credit card account, a box will popup asking if you’d like to enter a bill for the payment. Select yes, enter the date it’s due and the amount you intend to pay, and you’re all set. Make your payment in Vendors -> Pay Bills where you can also change the amount you intend to pay if necessary.
The important thing to remember is, if you don’t enter a bill for your payment after reconciling, and enter it later, you must enter your credit card account. The Account field defaults to the top of the expenses, but all your accounts are listed in the drop-down menu, so just go up until you find your credit card account. You do not want to enter an expense account here, because the expense was already entered in the Enter Credit Card Charges screen. You also won’t reduce the balance owed to your credit card, if you don’t use the credit card account here.
One of our consultants could give you a brief training to walk you through how to do this.
This article is provided for informational purposes and is not intended to be construed as legal, accounting, or other professional advice. For further information, please consult appropriate professional advice from your attorney and certified public accountant.
Written by +Ruth Perryman, CMA, CFE, CFM, MBA
Ruth is the president of The QB Specialists, an Intuit Premier Reseller that offers huge savings and expert advice on QuickBooks POS and QuickBooks Enterprise. She is an Advanced Certified QuickBooks ProAdvisor and a member of Intuit’s Trainer/Writer Network. She is also certified in QuickBooks POS and QuickBooks Enterprise and has provided expert QuickBooks help to thousands of businesses all over the world since 1996.
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