Tracking credit card purchases

Banking > Spending money > Tracking credit card purchases

You can use the Spend Money window to track the balance due and expenses incurred on a company credit card.

Before you begin recording company credit card purchases, be sure to create a liability account to track the amount owed to each credit card provider. These accounts must be detail credit card accounts. For more information about creating credit card accounts, see Creating accounts.

If you don't have time to record company credit card purchases as you make them, record your purchases when the statement arrives and allocate them to the appropriate expense accounts.

As with checking accounts, you can reconcile your credit card account using the Reconcile Accounts window. See Reconciling checking accounts for more information.

You can also use the Bank Register window to record credit card purchases. See Creating Spend Money transactions using the Bank Register for more information.

Step by step
To record purchases made using a company credit card
To record a payment on a credit card account