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easthudson
Level 1

entering credit card transactions

hello.  I receive credit card statements each month from Visa and it has a total balance and a minimum payment due.  How do I both reflect in Quickbooks.  Do I need to enter each charge in the enter credit card charges field? 

1 Comment
Anonymous
Not applicable

entering credit card transactions

Set up a Credit Card type account on your chart of accounts and enter the transactions there, much like a bank account.  Then pay the desired amount with a check, coded to that CC account.  

 

There's no need to track the minimum payment due as that's not an accounting event, but instead just the terms of your 'loan' (effectively) from the CC company.

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