In today’s life, everyone is so much busy that they are not aware of the expenditures which they are doing from the credit card. The major issue arises if they don’t pay the minimum amount of the credit card their cibil score gets impacted. This may fall in getting any further or personal loans from the financial institutions. So, we are here to share the good news for QuickBooks users while introducing a credit card enhance feature in the accounting software. With the help of this unique feature, you will be able to track your daily, weekly, monthly, quarterly, half-yearly, and yearly expenditure in just a click. Now let’s understand how to enter credit card charges in QuickBooks by reading further.
Steps of Entering Credit Card Charges in QuickBooks
These steps will safeguard against any errors and make entering payments easier in your business. Follow these below-mentioned steps to enter credit card charges in QB:
- Firstly, click on banking and then enter credit card charges.
- Now, you have to click on the credit card account.
- You need to add the amount of the charge.
- Next, locate the transaction and then click the account category for the expense by going in the detail section.
- Finally, you are supposed to review the entry and then click save & close.
Further, we will share the steps to enter credit card charges in QuickBooks Online.
How to Enter Credit Card Charges in QuickBooks Online?
First, by clicking on the gear icon you have to navigate to the chart of accounts. With this, you need to hit chart of accounts option.
- Create Credit Card
Click on the new button for adding the information of the credit card account. You have to give the correct details of account type, name of the account, detail type, current account balance, and a description.
- Review Updated Chart of Accounts
You need to double-click on the review updated chart of accounts to confirm that the new credit card account has been added in the list of chart of accounts. For this, you need to look for the new account by looking for the chart of accounts list.
- Navigate to Credit Card Register
Now, you can easily access the account register after adding the credit card account. In your credit card register, you will get all the transactions that were recorded to the credit card in QB.
- Enter Credit Card Charges
You need to go to the credit card register option and then complete the field i.e. cc expense, expense, cc credit, and bill payment. Along with this, you have to choose the transaction type. For this, you need to click on the drop-down arrow. With this, you will be choosing a transaction type. Lastly, you have to fill all the required fields and then click on save.
Last but not the least, we will get familiar with the steps of entering credit card charges in QuickBooks Pro.
How to Enter Credit Card Charges in QuickBooks Pro?
Entering credit card charges in QuickBooks Online will help you in maintaining the daily transaction history. These instructions will help you to enter a credit card in QB Online:
- Select Credit Card
Firstly, you need to click on the credit card option and then click the continue button.
- Enter the Account Name
You have to add the account name you linked with your credit card account.
- Add Summary
You can add a description to your credit card account. It is an optional step.
- Enter your Credit Card
You have to type your credit card number in case you want QuickBooks accounting software to remember this information.
- Add a Tax Line
If you want, then you can add a tax line. In case you face any issue with this, you can connect accounting professionals.
- Add Correct Opening Balance
There is an option to add an opening balance for your account.
- Save Credit Card Account
Last but not the least, you need to click the save & close button.
The blog has proffered you the steps of how to enter credit card charges in QuickBooks in a concise manner. Before this blog ends, we hope the above steps positively suffice your daily business responsibilities. Apart from this, the steps of entering credit card charges in QuickBooks, QuickBooks Online, and QuickBooks Pro are mentioned in the blog. The steps given might make your business routine in a much smoother way.
If you still have any questions on how to enter credit card charges in QuickBooks, then dial the Toll- Free QuickBooks Support Phone Number.