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April 16, 2024
Question

Can i use a company credit card with a balance, current monthly payment is minimum but would like to keep track of expenses paid with this card

  • April 16, 2024
  • 2 replies
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2 replies

April 16, 2024

Hello there, @RSW123.

Yes, you can use your company credit card to track expenses. 

 

 First, you'll need to create an account on your company's credit card to track your expenses using your company's credit card.

 

To add a new account, here's how:
 

  1. Navigate to the Gear icon and select Chart of accounts.
  2. Click on the New button to create an account. 
  3. Enter an Account name
  4. Select an Account type, and then choose the Detail type from the dropdowns.
  5. If you've selected a Bank, Asset, Credit card, Liabilities, or Equity account, you'll need to provide the Opening Balance and fill out the starting date in the As of field.
  6. Select Save

 

Then, to pay and record your expenses within QuickBooks, you can either create a bill or write a check. You may refer to this article to record payments so you can keep track of your expenses and maintain accurate financial reports: Record your payments to credit cards in QuickBooks Online.

 

 To save time entering your receipts and bills from vendors to QBO, let me add this article as a reference in uploading them to QBO: Upload your receipts and bills to QuickBooks Online

 

I'm always around to assist you if you have follow-up questions about managing your expenses or any other related QuickBooks-related concerns. Have a great day!

April 17, 2024

@RSW123 

You may also consider using a free travel and expense management app to integrate with QBO.