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Level 1

What is the best way to track credit card charges? Example i have a list of Home Depot charges on the HD account.

 
4 Comments
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QuickBooks Team

What is the best way to track credit card charges? Example i have a list of Home Depot charges on the HD account.

Good day, Deanna1.


Thanks for stopping by the Community space. I’d be glad to help effectively track the credit cards charges for your Home Depot account.


To keep your financial records in order, I recommend entering these transactions via Expense. The process is simple, and I’ll provide you the steps.


Here’s how:

 

  1. Go to the Plus icon (+) at the top.
  2. Under Vendors, select Expense.
  3. In the Payee field, select a vendor.
  4. Choose credit account to credit the expense.
  5. Enter the date of purchase in the Expense/Payment date field and specify the Payment method for the expense.
  6. Select the account where you want to track the credit card charges.
  7. Enter the amount.
  8. Click on Save and close.

If your Home Depot account can connect to QBO, you can use the Online Banking feature to automatically download transactions. This method is faster and helps manage business time.

 

To help give you a better idea about this option, click on this link: Online Banking Overview.

 

That's it. Your Home Depot transactions are properly recorded in QBO.

 

If there's anything else that I can help you with, feel fee to leave a comment below. I'll be around to assist you further. Wishing you the best.

 

 

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Level 15

What is the best way to track credit card charges? Example i have a list of Home Depot charges on the HD account.

@Deanna1

 

If you have a credit card, then set up that account as a credit card type account in the chart of accounts. 

 

then when you enter an expense you just select the account that paid for the expense, and you pay down the CC account

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Level 1

What is the best way to track credit card charges? Example i have a list of Home Depot charges on the HD account.

I am using the Project feature on QBO to track according to home build.  How can I keep track of invoice numbers when paying with a credit card and entering them as expenses?

Highlighted
QuickBooks Team

What is the best way to track credit card charges? Example i have a list of Home Depot charges on the HD account.

Welcome to Community @IH Amanda,

 

You'll have to enter a bill instead of an invoice to record this transaction as an expense. Here's how:

 

Step 1: Create a Bill

  1. Go to the + New button.
  2. Under the Vendor column, select Bill.
  3. Click the drop-down arrow under the Choose a vendor box and select the Vendor.
  4. Fill in the Category details or Item details section. You can also enter a reference number in the Bill no. box.
  5. Click Save and Close.

Step 2: Pay Bills

  1. Go to the + New button.
  2. Under the Vendor column, select Pay Bills.
  3. On the Payment account box, click the drop-down arrow and select your Credit card.
  4. Look for the Bill that you want to pay, you can also click Filter and select the Payee.
  5. Click the Save button.

 

To view all your unpaid bills report to show all the overdue bills transaction.

 

If you have additional questions, feel free to leave a comment below. Have a nice day!

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