How to Enter Credit Card Charges in QuickBooks
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.