Using Credit Card feature in QuickBooks

The best way to use credit cards in QuickBooks is to go to banking>enter credit card charges.  You can also access this link on your home page.

Once you have entered all of your credit card charges/refunds and your statement arrives, now it is time to reconcile the credit card acct. (click on photo to enlarge):

 Enter your balance due from your statement.  Enter any finance charges.  Click continue:

 Once you have clicked off all the transactions on the statement, you will see a difference of zero.   Next click reconcile now:

Now you will have the option to pay the statement in full (write a check) or enter a bill to make payments later.  For demonstration purposes, I clicked to pay the bill in full.  Now QuickBooks will create a payment to the credit card account:

It is that easy to use credit cards in QuickBooks.  If you do not want to pay in full, you can use the create a check selection and change/modify the amount.  The next time you reconcile, it will show the unpaid balance.


Lynda


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