My small business checking and credit card accounts are with Wells Fargo. I have linked both accounts to QBO and it's working great! However, I'm unable to reconcile the credit card account because I don't know how to record the Wells Fargo Finance Charges from the bank feed. When I look Action under the Banking window, Add is the default option selected for the finance charges (not Find match or Record transfer). I don't know which vendor and category to assigned the Wells Fargo Finance/Interest charge. I want to assume that category would be some interest expense account; however, who should I select as the vendor (since Wells Fargo is not one of the vendor)? I see most people responding to similar posts by saying the finance charges will get entered during the reconciliation; however, when I go to reconcile, there's no option to enter the finance charge. I will really appreciate if someone can help me with this. I have spend close to three hours watching YouTube video and browsing this forum to no avial. All answer to date is either referencing a QBO interface that's different or QB Desktop. Please, help me.
