How do I enter and reconcile a credit card in Quickbooks?

How do I reconcile a credit card payment in QuickBooks online?

Reconciling credit card accounts

  1. From the Company menu, select Chart of Accounts.
  2. Select Account or the plus icon, then New.
  3. Select Credit Card, then select Continue.
  4. On the Add New Account window, enter the credit card name. …
  5. Select Enter Opening Balance… then enter the account’s balance and date.
  6. Select Save & Close.

How do I record credit card transactions in QuickBooks?

Entering credit card charges in QuickBooks can be accomplished in three easy steps.

  1. Create an expense transaction.
  2. Select your payment method and credit card account.
  3. Enter the expense details and click the Save button.

How do you reconcile a credit card account?

1Click the Account Actions button in the transaction list window and choose the Reconcile command. 2Enter the charges and cash advances that your statement shows. 3Enter the payment and credits that your statement shows. 4Enter the new balance shown on the credit card statement.

How do I enter a credit card credit in QuickBooks desktop?

To enter a credit card credit in QuickBooks Online, click the “+ New” button in the Navigation Bar. Then click the “Credit Card Credit” link under the “Vendors” heading in the menu that appears to open the “Credit Card Credit” window. Select the vendor from whom you made the purchase by using the “Payee” drop-down.

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How do I enter credit card charges in QuickBooks 2019?

Enter credit card charges

  1. From the Banking menu, select Enter Credit Card Charges.
  2. Select the credit card account from the Credit Card ▼ dropdown.
  3. Purchase/Charge is the default. …
  4. Select the vendor from the Purchased From ▼ dropdown.
  5. Select the date.
  6. (Optional) Enter a memo explaining the charge or refund.

How do I enter a credit card in QuickBooks?

In this article

  1. Introduction.
  2. 1Choose Lists→Chart of Accounts.
  3. 2Click the Account button in the lower-left corner of the Chart of Accounts window and then choose New.
  4. 3Select the Credit Card option.
  5. 4Type a name for the account in the Account Name text box.
  6. 5Type the card number in the Credit Card Acct.

How do I categorize credit card expenses in QuickBooks?


  1. Go to the Banking menu, then proceed to the Banking tab.
  2. Select the credit card account and look for the payment.
  3. Click the Pay down credit card radio button.
  4. Go to the drop-down list for Transfer account ▼ and select the account you want to send the transaction to.
  5. Select Confirm.

How do you record credit card purchases in accounting?

Credit card expenses can be entered into your accounting system in one of three ways: Summary – Enter the information from the credit card statement by account summary through a journal entry or into Accounts Payable by summarizing the credit card statement each month to a credit card vendor.

How do you categorize credit card payments in QuickBooks online?

Categorizing Credit card payment

  1. Sign in to your QuickBooks Online (QBO) account.
  2. Go to the Banking or Transactions menu and select the Banking tab.
  3. Select your preferred bank account and go to the For review tab.
  4. Locate and select the Credit Card payment and click Split.
  5. Select a vendor from the Payee drop-down menu.
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