Summary: I got a couple of email questions about using credit cards so I thought that would be a good topic for this week. It's very similar to the process of entering bills and the credit card account can be thought of as another accounts payable account. You enter all of your credit card transactions and can then reconcile your QuickBooks against the credit card statement to make sure you haven't missed anything. There's a lot of discussion about how to enter vedor information on the individual credit card charges, whether it's necessary to enter the actual vendor name each time. For example, do you enter every gas station as a vendor or do you use a generic "gas station" vendor? I think it's a personal choice that everyone needs to make themselves, but personally I like to enter the real vendor name every time. I look at QuickBooks as a source of information and I try to make it as complete as possible.
