credit card

QuickBooks Period End Tasks: The Accounting Side – Chpt.2

Continuing on from Chapter One and the QuickBooks Period End Tasks, I will now look at the Prepaid Expenses and Fixed Assets. Prepaid Expenses – this account needs to be reviewed at the end of each fiscal year, due to the fact that these expenses are ever evolving. You may find items like prepaid rent, insurance and deposits, just to name a few, that if not expensed throughout the fiscal...

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How to Reconcile a Credit Card Statement & Pay it in QB’s

Continuing on from the last session, where I showed you how to enter in credit card charges, I will now explain how to reconcile them. The reconciling feature in QuickBooks can be used for most accounts and I would strongly suggest that you use it for reconciling credit cards, Due to/From accounts, term deposits and investment accounts –  besides your bank account. Since I have already...

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How to Enter a Credit Card Charge in QuickBooks

Is there really anyone in the business world that does not use a credit card in their business transactions? I mean, it’s just a part of doing business these days and QuickBooks is no exception. Read on, as I am going to show you how to enter in a credit card charge. Before I begin, I would make sure that I have a credit card account  and if not, set one up by going to Chart of Accounts,...

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