Banking

Recording company credit card purchases (Bank Register)


An easy way to record a purchase made on a credit card is to enter the transaction using the Bank Register window.

Note:  The Bank Register is not a transaction window

Before you begin recording purchases made on the company credit card, 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.

If you don't have time to record credit card purchases as you make them, you can record your purchases when you receive the credit card statement. At that time, you can allocate your purchases to the appropriate expense accounts.

If you finance charges appear on your credit card statement, you can record these charges in the same way.

As with checking accounts, you can reconcile your credit card accounts using the Reconcile Accounts window.

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