MY CARTHow to Create a Credit Card Account in QuickBooks Online
How to Create a Credit Card Account in QuickBooks Online: Video
This video lesson, titled “How to Create Credit Card Accounts in QuickBooks Online,” shows you how to create a credit card account in QuickBooks Online. This video lesson is from our complete QuickBooks Online tutorial titled “Mastering QuickBooks Online Made Easy.”
Overview:
Credit card accounts track the balances of business credit cards. You should create a credit card account in QuickBooks Online for each business credit card account. To create a credit card account in QuickBooks Online, click the “Settings” button and then click the “Chart of accounts” link under the “Your company” heading in the drop-down menu to open the “Chart of accounts” window. Then click the “New account” button in the upper-right corner of the “Chart of accounts” window to open a “New account” pane at the right side of the window.
Enter the account’s name into the “Account name” field. If account numbering is enabled, you can enter an account number into the “Account number” field. Then select “Credit Card” from the “Account type” drop-down. If needed, to enter an opening balance and starting date, enter the opening balance into the “Opening balance” field and select the date of the opening balance amount from the “As of” field. If desired, to learn more about opening balances, click the “More info on opening balances” link.
Optionally, to enter an account description, type it into the “Description” field. A “New Account Preview” section at the bottom of the pane shows how the account will appear within its financial report. To finish creating the credit card account, click the “Save” button in the lower-right corner of the “New account” pane. Alternatively, to save the credit card account and then create another new account, click the drop-down to the right of this button and choose the “Save and new” command, instead.
