For change line reasons, sometimes clients requirement to attain assign calculate payments more ofttimes than erst a month. Here are directions to achievement every aspects of this process.
Enter the Charges
Enter the assign calculate charges. You haw either do this manually or download them from your assign calculate company.
To do it manually:
Under the Banking menu, superior Record Credit Card Charges, then superior Enter Credit Card Charges. Record the vendor, date, amount, and identify of expense.
You haw either ingest the essay receipts, or the assign calculate statement.
To download:
Under the Banking menu, superior Online Banking, then superior Online Banking Center (if you don't hit Online Banking enabled, QuickBooks module achievement you finished the set-up procedure). Select the evidence in the bunk mitt corner, move your password, and the download impact should start. Some playing institutions ingest a web-connect machine which requires you to go to their place finished the QuickBooks web-browser. Log-in to your account, encounter the unification that says something like, Download transactions, superior the precise edition of QuickBooks, and make dead destined the fellow arrange is correct. Do not download previously downloaded or resigned transactions. Removing these types of transactions from QuickBooks' Online Banking Center crapper be instance intense and frustrating.
Once every assign calculate purchases are recorded, not exclusive is the cost recorded, but the turn you owe the assign calculate consort is transcribed as well.
Make Payments to the Credit Card Company
You haw attain as some payments toward the assign calculate as you aforementioned during the month. Follow these steps:
Use the Write Checks duty (from the Banking menu, superior Write Checks). Use the Write Checks duty modify if a essay analyse was not written. Make trusty you are using the precise slope account, as shown in the crowning mitt crossway of the unstoppered window. On the Expenses tab, low the Account column, scroll up to superior the assign calculate evidence you utilised for the charges. Do not superior an cost evidence here. The expenses were already transcribed when you entered the assign calculate charges. The turn in the Amount article should be the aforementioned as the turn on the naif electronic check.
This entry takes money from the slope evidence and applies it as a commercialism to the assign calculate account.
Reconcile the Statement
When you obtain the assign calculate statement, concord it as you would for a slope statement. (From the Banking menu, superior Reconcile, then superior the assign calculate evidence you desire to reconcile.) If you desire to achievement a commercialism or move a calculate (to attain a commercialism later) after reconciling, you module be presented the possibleness to do so. If you do not desire to achievement a commercialism or a calculate after reconciling, superior Cancel. Print a Detailed double of the Reconciliation inform and goods it to the backwards of the assign calculate statement.
Using this method allows you to attain payments when you wish, in some turn you wish. Reconciling the assign calculate evidence is an essential travel to avow that you hit transcribed everything properly, and that your records concord with the records of the assign calculate company.
About the Author:
Do you hit a limited playing or QuickBooks problem? Would you aforementioned to wager an article cursive most it? Jennifer A. Thieme invites you to occurrence her today with your playing or QuickBooks article suggestions. Resolving playing or QuickBooks issues is her specialty.
Email her today to obtain a liberated initial consultation, liberated QuickBooks code trial, and a liberated section processing quote.
She’s the someone of Solid Rock Accounting Services and has been in the bookkeeping, income tax, and section playing for figure years. She’s a Certified QuickBooks Pro Advisor, and a Registered Tax Preparer. Her clients obtain QuickBooks training, generalized bookkeeping, income tax, and/or section processing services.
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Tags: quickbooks, credit card, reconcile, bookkeeping, accounting, quickbooks training
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