Happy to help, @Eve2019.
Tracking finance and interest is super easy to do in QuickBooks Desktop. Check it out:
- Click on Lists, then Chart of Accounts.
- Find and double-click the appropriate credit card account.
- At the blank line at the bottom of the register, select the Payee field and choose the credit card company.
- In the Charge column, enter the amount.
- Select the Account drop-down and choose the expense account you want to use for tracking annual, finance, and other bank service charges.
- Select Save.
If you haven't setup the expense account, you can do so by following these quick steps:
- Go to Lists at the top menu, then Chart of Accounts.
- Click the Account drop-down at the bottom, then New to create a new account.
- Select an account type, then Continue.
- Enter the account details.
- Select the Subaccount of checkbox if it's a child account.
- From the drop-down, choose the parent account.
- Select Save & Close.
That's it! For more information on tracking credit card accounts, check out: Set up, use, and pay credit card accounts
Come back if you have any other questions. I'm only a reply away.
