A Credit Card gives the holder an option to borrow funds for purchases or for paying bills. If you have a credit card you use for your business, you can record the charges in QuickBooks through the Enter Credit Card Charges window. You can enter payment for the credit card during reconciliation or through the Write Checks window. This article outlines basic steps in setting up, using and paying your credit card.
If you need help with processing credit card payments from your customers, refer instead to Process a credit card payment in QuickBooks.
This puts the amount you owe the credit card in the credit card account (other current liability) under the Chart of Accounts.
Although we recommend that you pay the credit card at the end of a reconcile, you can also make a credit card payment using the Write Checks feature.
This will reduce the Credit Card amount by the amount you pay through the Write Checks window. Your payments will show up in your credit card register along with your charges and you can reconcile the account as normal.
Follow these steps if you need to pay credit card service charges.