We'll create expense transactions to load the supplier receipts, and credit cards fees, 2-pim-machinetoo. I'll walk you through the process to ensure everything is a breeze for you.
Let's record first your supplier receipts by going to the Expense screen. Here's how:
- In your company, navigate to the + New button and choose Expense under Suppliers.
- On the transaction screen, click the Payee drop-down and pick the supplier's name from the list or select Add New.
- In the Payment account section, select the credit card used for the purchase.
- Fill in the necessary details of the purchase, such as the amount, date, and description.
- Click Save and close to record the transaction.
To input the fees:
- Click the + New button and select Expense.
- On the transaction screen, click the Payee drop-down and choose the vendor from the list.
- From the Payment account drop-down, select your credit card.
- Enter transaction date in the Payment Date field.
- Click the Payment Method drop-down and choose the account you wish to use for the entry.
- In the Category details section, go to the first line and select the expense category you want to use for tracking the credit card fees. If you haven't created one, you can set up the account in your company.
- Type the figure for the fees in the Amount column.
- Fill in the remaining fields.
- Click Save and close.
After tracking everything, you can start reconciling the account. Refer to this guide for detailed steps: Learn the reconcile workflow in QuickBooks.
Browse this article to learn the various methods to track supplier payments: Learn the difference between bills, checks, and expenses in QuickBooks Online.
In case you need to see all payments you made to your suppliers or process a credit or refund, open each link below for the complete details:
Keep in touch if you have additional questions about recording your suppliers transactions, including your credit card entries. We're always available to help you out.
