Then when you are ready to pay a portion of the current statement, you simply enter a bill for the amount you wish to pay and expense the payment to the CREDIT CARD (in the ch art of accounts, the credit card account is near the top - this is liability account, so when you post charges, the amount increases and when you make a payment coded to the credit card, the amount decreases). Note: if your credit card statement spans two accounting periods, you may want to enter TWO separate charges if you use the bulk method.one for the first month's purchases on the statement and one for the second month's charges. Select Enter Credit Card Charges and then either enter purchases & credits individually or you can create a vendor called "credit card purchases" for example and record one credit card charge in the same way you entered the check or bill in previous examples. You will always use this method if you do not pay the credit card in full each month, but I use it regardless because it allows me to reconcile the credit card account monthly. #3 - My preferred method to record credit card payments in QuickBooks is to use the Enter Credit Card Charges method. You are responsible for separately purchasing QuickBooks, QuickBooks Online, or QuickBooks Online Payroll, and Bank of America makes no warranties nor. Record all Credit Card Charges - Make Partial Payments Monthly
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