Done it is used when nothing is done about a payment. It is up to you to enter a check or bill outside of reconcile. When you do, make sure the transaction affects the credit card account. Note: For business using Cash Basis, bill and bill payments for credit cards If you use a company credit card for business purchases, you will need to know how to enter credit card charges in QuickBooks. Creating a separate register in QuickBooks is the best way to track your card.
Jun 25, 2014 This tutorial shows you the proper way to book credit card charges, refunds and payments in Quickbooks. Keeping track of expenses and payments to a company credit card I have several company credit cards that I need to keep track of the expenses and payments. I have set each card up as a Credit Card in my Chart of Accounts and have entered charges. The cash basis Balance Sheet might show this credit card payment amount if it is not paid by the date you prepare your financials.
For more information about how QuickBooks handles certain accounts on a cash basis, see Accounts Payable Balance on Cash Basis Balance Sheet, p. 260 of Laura Madeiras QuickBooks 2013 In Depth. Use QuickBooks to get paid 2x faster by accepting credit card payments and bank transfers. We handle the payment processing and track everything for you. Send invoices, get paid, and access the funds fast we automatically transfer payments to your bank account.
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