How to Enter Credit Card Charges QuickBooks Online?

Due of the simplicity and effectiveness of matching and reconciling, this method is most frequently utilized. You just have to complete the following procedure:
➡ Click +New in the top right corner of your screen
➡ Click “Expense” under the Vendors subcategory
➡ Enter the payee on the expense page. If the payee information is already stored in your QuickBooks Online system, you can choose their name from the dropdown menu next to Payee. To add the payee’s name to the dropdown list if they are not already there, click “Add” in your QuickBooks Online system. then key in the following details:
❖ Name
❖ Type: The options are employee, vendor, and customer. You can add details about the payee, such as their address, phone number, business ID, and Social Security number, after choosing the type.
➡ Choose the relevant account from the Payment Account field. A list will appear, as seen in the shown below. If the account is not already on the list, choose “+Add new” and enter the account details:
❖ Account Type: Choose “Credit Card,” “Bank,” or “Other Current Assets” as the account type.
❖ Detail Type: Based on the options you chose above, complete the appropriate fields.
❖ Name: Specify a name for the account.
❖ Description: Please enter any other information, if applicable.
➡ Payment date: Enter the date of payment.
➡ Payment method: From the dropdown menu, select “Cash,” “Check,” “Credit Card” or a previously added payment method from the programmed list. If this menu does not recognize your method of payment, select “+Add new” and key in your information.
➡ Tags: Think of tags as custom labels that allow you to track, access and retrieve transactions. In the example below, a Business Consulting tag has been added to help the user allocate this expense.
➡ What tax category fits? QuickBooks Online provides a dropdown of suggested categories. If none of the tax categories describe your transaction, select “+Add new.”
➡ Description: Enter a description of the transaction and hit “Save.”
➡ Amount: Enter this number and hit “Save.”

Alternative way by uploading receipts
There is an option to method 1 if you are used to posting and matching receipts using your computer (or phone). Simply follow the following steps:
➡ Click “Banking” and then “Receipts” on the landing page
➡ Choose “Upload from computer” on the Receipts page
➡ The software lets you add receipt photographs and upload them directly from your phone if you’re using it
You will be prompted by QuickBooks Online to match the transaction from the Banking command.

When you learn about bank feeds, reconciling becomes almost effortless, and manually inputting transactions takes significantly less time.

Make sure QuickBooks Online is connected to your credit card so you can simply import transactions into your register.

Match your bank feeds with your submitted transactions after your bank feeds have been updated and you have entered transactions from Method 1. A transaction that has already been manually put into the system should not be added.

The third method is to insert credit card costs directly into your register. If you don’t utilise bank feeds or want to submit receipts from your phone or computer, use this option.
This can be the ideal approach for you if you only sometimes use credit cards. This is a useful solution if, on the other hand, you need a record of transactions but no longer need to use a credit card that is synchronized to your bank feeds.

You can enter your transactions into the credit card register by following the steps listed below:-
➡ In the beginning, go to the landing page then select “Accounting” and “Chart of Accounts”
➡ Next, select the “New” button
➡ After that, complete the following information in the pop-up window
❖ Account type: Select “Credit Card” in this dropdown
❖ Detail type: This will update automatically, once you have completed the above
❖ Name: This will also update automatically
❖ Description: This step is optional
❖ When do you want to begin using this account in QuickBooks to keep track of your finances? Beginning of this year, Beginning of this month, Today, and “Other” are available selections in the dropdown menu
❖ What was the balance of your account on [date]? Enter the balance as of that particular date
➡ QuickBooks directs you to the Chart of Accounts when you finish the pop-up window
➡ Find the newly created account and click “View Register”
➡ After clicking “Add CC expense,” finish the steps below:
❖ Date
❖ Payee
❖ Charge: Enter a dollar amount
❖ Ref no. (reference number): This is optional
❖ Memo: This is also optional
➡ Press the “Save” button
You will see a Reconcile option on the top right of the screen once you have entered one or all of your credit card transactions. Reconciliation guarantees that your entries are consistent.