2.B.1.2a Entering Credit Card Transactions and Paying with an Expense Transaction | Scribe

    2.B.1.2a Entering Credit Card Transactions and Paying with an Expense Transaction

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    • QuickBooksQuickBooks
    • Fast & Easy QBOFast & Easy QBO
    • IntuitIntuit
    Remember to use the same session of the Sample company that you used for the previous exercise.
    Now, begin the exercise.
    Since you are in the same session of the Sample company used in the previous exercise, you should already be on the Chart of Accounts page. If you have navigated away from that page, follow Step 1. Otherwise, move to Step 2.
    From the left navigation bar, hover over Transactions, then select "Chart of accounts"
    Follow the steps below to enter transactions.

    Enter the expenses

    First, enter the expenses for Craig's card: - Bob's Burger Joint - $15.00 - Norton Lumber - $2300.00
    There are now four lines for "Visa" in the Chart of Accounts. The Parent account, labeled "Visa Corporate," is not used for purchases or payments. The primary account (Craig's card), labeled "Craig's Visa (Primary)" is the one you will address first.
    Click "View register"
    If any pop-ups appear, just click out of them. As you'll see, you can add the expense directly from the register. This should only be used, however, for simple transactions that have only one category. The transactions added from the register cannot include anything from the products and services list, cannot be billable, and cannot be tracked for a specific customer or project.
    In the Date column, click "CC Expense"
    In the Payee account field, select "Bob's Burger Joint"
    Some information will auto-populate from a previous transaction. Leave the Category, but delete the Memo field.
    Update the Charge field to $15.00.
    Click "Save"
    Click "Add CC expense"
    Click "Norton Lumber and Building Materials"
    Click "No"
    Click "Decks and Patios"
    In the Charge field, type "2300.00"
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