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K
KimTInc
November 29, 2023
Question

what is the best practice to process credit cards

  • November 29, 2023
  • 1 reply
  • 0 views

When I was using the desktop version of QB, I would wait until the statement actually came in to enter the charges after matching up with the receipt of the charges.  I would have the credit card company name as a vendor. I would pick the CC vendor in QB, enter the charges as individual line items to get my total charge.  Once this matched the total charge for the month on the statement I would then just go in and pay the bill for the CC. By doing this, it was harder to find a particular charge throughout the year that was entered.

 

What is the best possible way to enter the actual charges and pay the total balance of the CC each month?

1 reply

J
JamesM4
November 29, 2023

Hi KimTinc,

 

Welcome to the QuickBooks Community. I'll be happy to point you in the right direction so you can record your transactions with peace of mind using QuickBooks. 

 

Based on the info you've shared above, I  recommend consulting an accounting specialist for expert suggestions. This ensures your books remain accurate while you continue to manage your work with peace of mind. You can also get in touch with a professional using this link here. Other accounting professionals are able to see this post in the Community and this will allow them to chime in and share their advice. In the meantime, feel free to check out the following article that shows you how to: Record your payments to credit cards. Here's another helpful resource that shows you how to: Record a payment to your line of credit in QuickBooks Online.  In case you'd like to enter the bill and record the payments, check out the following article with more info on how to: Enter bills and record bill payments in QuickBooks Online. 

 

Let me know if this info helps. I'll be one message away in case you need anything else.

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