Offering: Accounting jobs, finance jobs in Canada, Charlottetown

When classifying a credit card payment within QuickBooks be sure to properly connect it to the right expense category. Begin by going to the banking or transactions menu and choosing the credit card account. Next locate the payment transaction and select the right category from the list available like credit card payment or owners equity based on whether the payment was made with cash, credit or another method. It's important to reconcile the payment to the respective expense account or credit card obligation in order to have updated financial records. If necessary include additional notes or information to refer to later with clearness for reports.

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