• Credit Card Accounts in Quickbooks

  Filed under Business Management Tips, General Tips, Money Out, Special Transactions
  Jun 29
  One of the BIGGEST problems in QuickBooks is figuring out the proper way to capture your business expenses and then pay your credit card.

  Mystery solved! Watch this mini-lesson to learn just how simple it can be.

  

  If you’re wondering about how to record those business charges that were made on your personal credit cards, check out this mini-lesson on paying for business expenses with personal funds

  You can use the exact same procedures, whether you paid for the business expenses out of personal cash or used a personal credit card.

  If you STILL have questions, be sure to post them below, and you may see a follow-up lesson just for you!

  ~Gabrielle

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  Tagged as: business credit cards, credit cards, mixing business and personal expenses, personal credit cards
  
  2 Comments

2 Responses to “Credit Card Accounts in Quickbooks”

1. 

   Catherine Huerta said on July 8th, 2009 at 10:42 am

   Hi Gabrielle,

   Again, you do a nice job of presenting QB materials, thank you. Question: Could a third way of paying your CC be through a Bank transfer? I pay most of my CC via the Bank’s Transfer Funds option. Then in QB I use the same; Transfer Funds. Is there any reason I shouldn’t be doing it this way? Also, have you or will you be doing a QuickTip on Merchants Service and processing those type of transactions? I’m not sure if there is a more efficient way to track all that as well. Thanks for your advice.

2. 

   Gabrielle Fontaine said on July 10th, 2009 at 7:39 pm

   Hi Catherine,

   Yes, you could use the Bank Transfer function if you are making electronic payments to the cc, that would work out fine.

   As far as doing a QuickTip on Merchant Services, the challenge with that is in the sample company files, because they are only sample files, I cannot demonstrate the merchant services because that would mean electronically connecting to the merchant account (which there isn’t one for a sample company). It is the same snag for attempting to demonstrate the Online Banking functions.

   If I find a way around this to demo it, I’ll be sure to do a video for you!

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