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If you don’t need the extra fields and you only need to organize your business expenses for tax time, then you can use the shortcut method. You can’t assign it to a customer job, mark it as billable, or assign it to a particular class. It doesn’t allow you to record a credit charge as an item, only as an expense account. While the shortcut method can save you some time, it does have some drawbacks.
#How to enter expenses in quickbooks desktop pro 2019 how to
How To Enter Credit Card Charges Using the Shortcut Method Now we’ll show you a shortcut method for entering credit card charges. There you go-you have just entered a new credit card charge in QuickBooks Desktop. Review your entry and click Save & Close. Class: Assign a class to your expense account (optional).Billable: Mark the expense account as billable if you wish to pass the cost through to your customer on a future invoice (optional).Customer Job: Assign the expense account to a customer (optional).Add a memo to help you remember the purpose of the credit card charge (optional). Account: From the account drop-down list, choose the appropriate expense or asset account associated with the credit card charge.No: Assign a unique reference number to a transaction (optional). Date: Enter the date the credit card was charged.You may also create a new vendor on the fly. Vendor: Choose the vendor associated with the credit card charge from the drop-down list.If you only have one credit card, QuickBooks Desktop will select that credit card account automatically. Credit Card: If you have multiple credit cards set up in QuickBooks Desktop, make sure to select the appropriate credit card for the charge you want to enter.You need to enter relevant information in the credit card charge screen, including: Sample Credit Card Charge Entry in QuickBooks Desktop You can follow with your QuickBooks Desktop account to better understand each step. Expanding into class tracking provides you with a customizable way to track specific expenses, categorize shared expenses across multiple accounts and. Watch the video below and use the step-by-step instructions that follow. You can visit the QuickBooks website to learn more about the available discounts on the other QuickBooks Desktop products. When you subscribe to QuickBooks Desktop Pro, one of our best small business accounting software, you will get a 33% discount on your first year. To help you decide which QuickBooks product is for you, check out our comparison of QuickBooks Desktop products. If you don’t have a QuickBooks Desktop account yet, you can choose from QuickBooks Desktop Pro, QuickBooks Desktop Premier, QuickBooks Enterprise, or QuickBooks Desktop Accountant. In this lesson, we will cover the normal method, but also give you a shortcut method to consider. Today, we’ll teach you how to enter credit card charges in QuickBooks Desktop Pro and Premier. If you’re using credit cards to purchase items or pay for bills in QuickBooks Desktop, then you need to know how to enter the charges correctly so that you have accurate financial statements.