QuickBooks Online For Dummies, 8th Edition

Chapter 10

Administering Bank and Credit Card Accounts

IN THIS CHAPTER

Getting up to speed on setting up a bank or credit card account

Knowing how to make a bank deposit and a credit card payment

Balancing your books by reconciling a bank or credit card account

Being in control of your bank and credit card accounts

In this chapter, I show you not only how to set up bank and credit card accounts in QuickBooks, but also how to reconcile bank and credit card accounts. If you’re wondering how to record credit card transactions in QuickBooks, see Chapter 7, as you record credit card transactions in the same fashion as you record transactions that post to your bank account.

Setting Up a Bank or Credit Card Account

In Chapter 2, I discuss adding new accounts to your chart of accounts, which QuickBooks sometimes confusingly refers to as categories. The steps for adding a bank or credit card account to QuickBooks are a little different than simply adding a revenue or expense account, so let’s walk through the process.

1. Choose Settings ⇒   Switch to Accountant View, unless you see Switch ...