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Chapter 1. Setting Up Your Company with ... > Setting Up Credit Card Accounts

Setting Up Credit Card Accounts

If your company has its own credit card, you need to set up the credit card as a separate account. The credit card account is a liability and appears on your company's balance sheet in the current liabilities section, along with your accounts payable. By setting up your credit card in QuickBooks, you can record your credit card expenditures in the proper expense accounts, reconcile your credit card account to your monthly statement, and record payments against your credit card account.

Set Up Credit Card Accounts

In the EasyStep Interview, select Yes when asked whether you want to set up a credit card account.

Click Next.

Enter the name of the credit card, such as Visa, Discover, or American Express.

Click Next.

Enter the date on the last credit card statement received prior to your start date.

Enter the amount owed on that statement.

Click Next.


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