Entering Credit Card Transactions

If you choose the Banking⇒Use Register command and select a credit card account, QuickBooks displays the Credit Card register. Figure 9-3 shows the register for a credit card account I’ve named FrequentFlyer. It looks a lot like a Checking register, doesn’t it?

The Credit Card register works like the regular register window that you use for a checking account. You enter transactions in the rows of the register. When you record a charge, QuickBooks updates the credit card balance and the remaining credit limit.

Figure 9-3: The Credit Card Register window.

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Recording a credit card charge

Recording a credit card charge is similar to recording a check or bank account withdrawal. For the sake of illustration, suppose that you charged $50.00 worth of burritos and margaritas to your favorite Mexican restaurant, La Cantina. Here’s how you record this charge:

1. Choose BankingEnter Credit Card Charges.

The Enter Credit Card Charges window appears, as shown in Figure 9-4.

Figure 9-4: The Enter Credit Card Charges window.

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2. From the Credit Card drop-down list, select the credit card that you charged the expense against.

Click the down arrow next to the Credit Card list and then select a card from the drop-down list.

3. In the Purchased From ...

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