How to track corporate credit card in QuickBooks Online

Do you have a business or corporate credit card with multiple users on one account? Have you figured out how to track corporate credit cards in QuickBooks Online? Here’s a how-to video tutorial to learn the best way to track a corporate credit card. I’ll help you decide what you need depending on if you use bank feeds and how your bank downloads transactions. If you are a QB Desktop User, click here for your version of this tutorial:    • How to track multiple or corporate credit ...   ➡️ Steps to Tracking Corporate Credit Card in QB Online: ➡️ Setting up Corporate Credit Card Go to “Accounting” “Chart of Accounts” Go up to “New” Account Type: “Credit Card” Detail Type: “Credit Card” “Name” – Type in the name of your bank that you’re using for you Credit Card Click little arrow below & choose “Save and New” to setup another account 2nd account – Adding Employee “Name” – Add the name of the employee & the last 4 digits of their card Checkmark “Is Sub-Account” Choose “Corp Credit Card” as main account Click little arrow below & choose “Save and Close” ➡️ How to Remove Sub Accounts Go to “Accounting” “Chart of Accounts” Click the little arrow of the Credit Card Sub account Choose “Edit” Remove the checkmark of “Is Sub-Account” Click “Save & Close” ➡️ How to Enter Credit Card Payments Go up to new Choose “Check” or “Expense” Enter Details ** Make sure to breakdown your payment to each sub-account Click “Save & Close” ➡️ How to Reconcile Credit Card Go to Accounting “Reconcile” Choose “Account” Beginning balance: Last of your statement (Date) **Make sure you select what matches on your statement **Make sure Difference is always Zero Click “Finish Now” Click “Done” Or from the account “View Register” Click “Reconcile” ➡️ Tips: **Enter your credit card charges, payments at the subaccount level. **Reconcile the “main” credit card account to make sure everything matches. If you are a Desktop User here is a tutorial for you! Timestamps: 0:00 - Intro 0:13 - Setting up in Chart of Accounts 3:07 - View Register (Credit Card) 5:15 - Removing Sub-accounts 5:51 - Enter Credit card payments 9:19 - Reconcile Credit Card 11:31 - Recap 12:08 - Final Thoughts Need to learn more areas of QuickBooks? Join us on our next workshop to learn how to design QuickBooks for your specific business... ➡️ https://CandusKampfer.com/workshop Receive our QB tips straight to your inbox each week visit: ➡️ https://CandusKampfer.com/tips Subscribe for more QuickBooks tips 👇 https://www.youtube.com/c/CandusKampf... I’d love to hear if this inspired an “aha moment” for you and if you're ready to set up your credit card accounts. I’d love to connect with you 🤗 Instagram:   / candus.kampfer   Facebook:   / canduskampfer   CandusKampfer.com: https://canduskampfer.com/ TikTok:   / canduskampfer   Pinterest:   / canduskampfer   #CandusKampfer