How to set up bank and credit card accounts in QuickBooks

1. How to set up bank and credit card accounts in QuickBooks Accountwizy.com

2. Set Up the Enter QuickBooks Credit Card Accounts In this instructional exercise, we'll tell you the best way to enter in set up credit card in QuickBooks.You'll have to enter your Mastercard charges physically in QuickBooks Online assuming you can't import your Mastercard exchanges. You likewise should enter charges physically to have the most cutting-edge monetary data. Mastercard exchanges won't move to QuickBooks from your record until the charges are conclusive, which could require a few days. It's critical to have cutting-edge monetary data before printing budget reports toward the month's end, quarter, or year. https://www.accountwizy.com/set-up-pay-enter-credit-card-in-quickbooks-desktop/

3. Know About credit Card Accounts in QuickBooks Desktop • If your Account in positive balance indicates that you have pending charges on your credit credit card, and a If negative balance indicates that you have made overpayments. • If in your Account zero balance in credit card means you have not made any charges on your balance due. • A QuickBooks user can enter payments and charges in the sub-account, and the charges will be available in the account register if the user has a credit card sub-accounts. https://www.accountwizy.com/set-up-pay-enter-credit-card-in-quickbooks-desktop/

4. How to set up QuickBooks credit card Accounts • You visit to the ‘setting’ Option then click to the ‘chart of Accounts’ option. • Now click on the ‘credit card’ option and select the ‘continue’ option. • Now you can see the desktop on ‘Add New Account’. • In this window, type the name of the credit card. https://www.accountwizy.com/set-up-pay-enter-credit-card-in-quickbooks-desktop/

5. Then check the Sub Account checkbox, if you are setting of up a sub accounts. Select the parent credit card account from the drop-down. After that select an option to answer the question ‘When do you want to start tracking your finances from this account in QuickBooks?’. Now enter the balance of account. At the last, click on ‘Save Close‘ option. https://www.accountwizy.com/set-up-pay-enter-credit-card-in-quickbooks-desktop/

6. How to Enter Credit Card Charges • Find the ‘Enter Credit Card Charges’ option from the ‘Banking’ menu. • Then go to the Credit card drop down and choose the exact account. • The ‘Purchase/Charge’ option must be selected before automatically. • If in case, you need to record a refund or credit you received through the credit card, you can can choose the ‘Refund/Credit’ option. https://www.accountwizy.com/set-up-pay-enter-credit-card-in-quickbooks-desktop/

7. Then click on the ‘Purchased From’ and select the vendor option, and make sure about the date. If you need to explain the charge or the refund then enter a memo. Now next step, click on the ‘Expenses or Items’ tab, and enter the expenses that you want to track. Now click on the ‘Save & Close‘ option. And you can see your credit card charges in QuickBooks Desktop is done. https://www.accountwizy.com/set-up-pay-enter-credit-card-in-quickbooks-desktop/

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