How to Enter Credit Card Charges in QuickBooks?

 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 civil 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:

  1. Firstly, click on banking and then enter credit card charges.
  2. Now, you have to click on the credit card account.
  3. You need to add the amount of the charge.
  4. Next, locate the transaction and then click the account category for the expense by going in the detail section.
  5. 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?

Keeping track of your credit charges and expenses become simple once following the steps of entering credit card charges in QuickBooks Online:

  • Chart of Accounts List

First, by clicking on the gear icon you have to navigate to the chart of accounts. With this, you need to hit the 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 typename of the accountdetail typecurrent 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 the 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 expenseexpensecc 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.

Also Read: What is QuickBooks Pro? – A Comprehensive Guide

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 with 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.

Conclusion

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.

Frequently Asked Questions

Ques- How to import credit card transactions into QuickBooks accounting software?
Ques- How should I add credit card payments in the accounting software?
Ques- How I will enter the credit card surcharge for the accounting software?
Ques- How much percentage does QuickBooks charge for credit card payments?
Ques- Is there a possibility to negotiate credit card processing fees?
Ques- What are the two ways to enter credit card transactions in QB?
Ques- How I will set up a credit card in QuickBooks?
Ques- What is the step by step procedure to import credit card transactions into QuickBooks Online?
Ques- What to do if I am not able to enter credit card charges in QuickBooks even after following the given steps?
Ques- How to enter credit card annual and finance charges?

Comments

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