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Enter credit card finance and interest charges

If you carry a balance from month to month on a credit card, you must enter finance or interest charges in QuickBooks. You can add these charges when you reconcile your credit card or follow these instructions to enter them directly into your credit card register.

To do this task

  1. Open the chart of accounts.

    Open the chart of accounts.
  2. Double-click the appropriate credit card account.

  3. In the blank line at the bottom of the register, enter the credit card institution in the Vendor field.

  4. Enter the amount in the Charge column.

  5. Click the Account drop-down arrow and choose your interest expense account. If the account doesn't exist, choose Add New.

  6. Click the Record button.

See also

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