I have been using QB Pro Desktop for over 10 years and my credit card was originally set up as simply a vendor. I would like to be able to import my CC statement directly into QB, but this on works with accounts. Is it possible to convert a vendor to a credit card account?
Solved! Go to Solution.
Thanks, BRC, I figured that that was going to be the case.
If I am carrying a balance on that card, would I set that amount as an opening balance and then input an adjustment on the vendor account to zero the balance there?
Thanks for getting back out to us. Allow me to share additional information about converting vendor to credit card account in QuickBooks Desktop.
Yes, you can enter the amount as an opening balance and manually enter the vendors' transaction to zero it out.
For more details about this process, please check out this article: Record opening balance.
That should do it! Please don't hesitate to reach back out to us if you have any other question about this concern. We're always here to help. Have a great day!