QB QuickTips QuickBooks® Training Tutorials – One Short Lesson at a Time

5 Responses to “Credit Card Accounts in Quickbooks”

  1. Catherine Huerta said on

    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. 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!

  3. THANK YOU SO MUCH FOR MAKING THIS SIMPLE, MY BOSS THOUGHT USING THE CC PAYMENT PROCESS WOULD BE TOO INCUMBERSOME.

  4. Thanks for the comment, Terry, and I’m glad it’s helpful to you. Though, no need to shout it. ;-) (FYI: When typing in all caps, it comes across as yelling!)

  5. Cecilia Weston said on

    Hi Gabrielle,
    I just finished your demo on “Paying for business expenses with personal funds.” It was GREAT! Now I’m wondering how to record when the business owner uses the company funds to pay for a personal car wash or butter from the grocer. I know he shouldn’t but you know it happens all the time. He just grabs the nearest credit card in his wallet. Also, how do you accurately record the transfer of funds between personal and business accounts? All of my boss’s accounts (business and personal) are from the same bank and he uses the bank’s Transfer Funds feature all the time. Can you help me? Thank you so much!

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Author

    Gabrielle Fontaine, PB

    Gabrielle Fontaine, PB is an Advanced Certified QuickBooks ProAdvisor who specializes in QuickBooks software training and consulting with small business owners exclusively via the Internet

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