Comments on: Episode 11: Tracking Credit Cards In QuickBooks

By: Mike

Mike — Wed, 02 Jun 2010 01:20:11 +0000

Hi Florence,
If I am understanding you correctly, you downloaded all of your credit card charges from American Express and now you need to record the payments that you have made to American Express (to lower the credit card balance). When you record the payment to American Express (either through the “Write Checks” screen or directly in the checking account register) you should choose the American Express account (it will be a “credit card” account type). This will lower the balance in the account.

All of the individual charges will increase the balance in the American Express account and all of your payments will lower the balance.

Hopefully this helps. Please let me know if you have other questions or if I didn’t understand your situation correctly.

Thanks!
Mike Debyah

By: Florence

Florence — Wed, 02 Jun 2010 00:32:40 +0000

I have just discovered your website and am loving all the wonderful information that you are sharing. I have downloaded all my account information from American Express and have recorded most of the entries into my Quickbooks. My question is what account would you recommend that I use to match up any payments that I am making on my bill.

Thanks!

By: teresa

teresa — Fri, 23 Apr 2010 13:16:35 +0000

thank you so much.it has been very helpful.thanks a lot.

By: Z.Sophia

Z.Sophia — Sat, 03 Apr 2010 18:44:06 +0000

Thank you ! Very helpful!!!

By: Dr. Ishtiaq Rao

Dr. Ishtiaq Rao — Mon, 15 Feb 2010 17:08:32 +0000

I’s very informative. Thank you very much!

Ishtiaq