O'Reilly logo

Gnucash 2.4 Small Business Accounting by Ashok Ramachandran

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Credit card reconciliation

Credit card reconciliation is very much like bank reconciliation:

  • If you get a paper statement from your credit card company, you can follow the manual reconciliation process that we walked through earlier.
  • If, on the other hand, your credit card company allows you to download the statement in OFX/QFX format, you are in luck. You can go through the electronic reconciliation process that we walked through previously. Just make sure you select the right credit card account to import into when you do the reconciliation for the first time.

Unlike in a bank statement, you will find that there are different types of items on a credit card statement to deal with:

  • Service charge: Just like you created a separate account under Expenses ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required