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I know how to set up a credit card such as a Visa and post charges and payments but how do I handle Retail Credit Cards such as Lowe's or Home Depot?
The same way I think. They work just like other credit cards.
Well, that's what I would think to but then how do I enter the charges? with a visa i enter to the vendor the purchase was made at but with a home depot or lowe's credit card only purchases made at their stores on the card... so entering the charge to home depot vendor?
Let me share some more information about recording your vendor's bill, @Cherie7.
You can create an offset account and item to ensure that you're able to enter the fee. I'll show you how:
I also recommend getting in touch with your accountant for guidance on how to create the offset account in the best way for your business.
For additional information, you can check this this article for some details: Enter bills in QuickBooks Desktop.
I'm just a post away if you have other queries about managing your vendor transactions. I'm always here to assist you. Have a great day.
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