Chapter 3
Posting Expenses, Checks, and Credit Card Charges
IN THIS CHAPTER
Managing vendor records
Recognizing expenses and credit card charges
Applying credit card credits
Recording credit card payments
It’s always more fun to record money coming in than going out. Alas, incurring expenses is part of life, and that’s what this chapter is about. Notice that I didn’t say paying bills because you need an Essentials subscription or higher to record those types of transactions, which I discuss in Chapter 8. This chapter explores the other transactions you use in QuickBooks to record money going out the door.
Working with Vendors
John Donne is famous for saying “No man is an island,” but no business can be completely self-sufficient either. For instance, you’re going to incur charges for using QuickBooks Online, and for internet access to use the software, and electricity to use your computer, and on and on. You need to set up each purveyor of the goods and services that you use as a vendor. An exception are folks who are quasi-employees. You can set them up as a vendor or, as I discuss ...
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